The startup secured the investment from Verod-Kepple Africa Ventures (“VKAV”).
Chari | YC S21 | Ecom and Fintech apps for retailers in Francophone Africa, a Moroccan startup aiming to revolutionize the African retail industry, has secured $1.5 million in funding to fuel its growth. Founded in 2020, Chari has developed an advanced e-commerce platform that aims to bridge the gap between traditional brick-and-mortar stores and online shopping experiences.
The startup’s cutting-edge technology and user-friendly interface provide customers with a seamless and personalized shopping experience while empowering local retailers to digitize their operations. The $1.5 million investment will be instrumental in supporting Chari’s expansion plans, which include scaling its operations.
In addition to financial backing, Chari will benefit from the extensive industry expertise and network of its investors following the appointment of Ryosuke (Rio) Yamawaki, a Partner at VKAV, as a Strategic Advisor to Chari.
Rentoza, a South African online subscription platform that allows users to rent electronics, furniture, and other home goods, has secured $6 million in funding.
UK-based technology company MOPO, known for its innovative pay-per-use battery rental solutions, has secured significant funding from British International Investment (BII), the UK’s development finance institution and impact investor.
Incofin Investment Management has announced two strategic investments totaling $1.55 million under its Nutritious Foods Financing Facility (N3F), aimed at enhancing food systems and improving access to nutritious food.
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