Chari closes $12M Series A, becoming the first VC-backed startup to obtain a financial institution license in Morocco.
Amount Raised
$12 Million
Round Type
Series A
MoroccoFinancial ServicesE CommerceGroceryMarketplaceRetailFintechInvestors
Description
Chari has raised $12M in a Series A round, the largest of its kind in Morocco, led by SPE Capital and Orange Ventures. This funding enables Chari to enhance its services by obtaining a payment institution license from Morocco’s Central Bank. The license allows Chari to offer various financial services to its existing user base. This positions Chari to transform its e-commerce platform into a comprehensive merchant super app.
Quick answer
Chari raised $12 Million in a Series A round, dated October 15, 2025. Investors: UM6P Ventures, AfriMobility, MyAsia VC, Endeavor Catalyst, Pincus Capital, Al Khwarizmi Ventures, Karim Beguir and Michael Lahyani. Chari is based in Morocco.
- How much did Chari raise?
- Chari raised $12 Million in a Series A round on October 15, 2025.
- Who invested in Chari?
- UM6P Ventures, AfriMobility, MyAsia VC, Endeavor Catalyst, Pincus Capital, Al Khwarizmi Ventures, Karim Beguir and Michael Lahyani are named as investors in this round.
- What does Chari do?
- Chari is a YC backed fintech and e-commerce platform founded in 2020 by Ismael Belkhayat and Sophia Alj.
- Where is Chari based and how big is it?
- Chari is based in Morocco. Fundz records about 201 employees.
- Who are the decision-makers at Chari?
- Fundz holds 1 contact at Chari. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and E Commerce around the same time
Companies in the same sectors as Chari that raised within 45 days of this round, from Fundz verified event records.
- PublicSquare raised $10K on November 26, 2025.
- LendingPoint raised an undisclosed amount (Funding Round) on November 15, 2025.
- Treasure Global raised $400K (Funding Round) on October 7, 2025.
- Local Express raised $6.2M (Funding Round) on September 9, 2025.
- Ume raised $22M (Series B) on September 8, 2025.
- Clara raised $70M (Debt Financing) on November 28, 2025.
Who to call at Chari, and when
A new round usually means Chari is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Chari raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Chari, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Chari. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Chari raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Funding Insights
What this usually meansChari raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.