Moroccan legaltech startup Charikaty has closed a pre-seed funding round at a €3 million valuation as it expands from company incorporation into broader business administration services.
The round includes Dubai-based Red Tape Ventures, Faris Al-Obaid, Mastercard Kuwait’s vice president and general manager, Faris Abdi, a Saudi professional footballer at Al-Ittihad, and other undisclosed investors.
Founded by Amr Mouaqit and Driss Sijelmassi, Charikaty will use the funding to launch two ventures, expand its accounting and compliance services, and take its accounting business into Egypt and the GCC.
The platform allows entrepreneurs to incorporate several company structures online, including SARL, SARL AU, SAS and foreign subsidiaries. It also offers statutory modifications, domiciliation, accounting services, trademark filing and dissolution, with a portal for tracking files and accessing official documents.
Charikaty said its diaspora service supports Moroccans in more than 100 countries. The company has also launched Webaty, a website development venture tailored to different business sectors, while a second accounting and compliance venture is expected to launch later in September.
The founders see incorporation as an entry point to serve businesses throughout their lifecycle, with Morocco serving as the base for regional expansion.
Source: Morocco World News
