Saturday, September 30, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Contact
  • Login
No Result
View All Result
TechBooky Africa
Home Fintech/Finance

Chari Bagged A $100M Bridge Round Deal To Develop Its Fintech Solutions

A $100m bridge round deal after its recently secured a$70m seed deal

Eni Emeka by Eni Emeka
January 20, 2022
in Fintech/Finance, North Africa, Startup
0

Y Combinator continues investing in African startups to bolster its digital economy. Chari got a hundred million dollars bridge round deal to stabilise its e-commerce market capital after accounting for excessive expenditure last year

Related posts

PayDay

PayDay Potential Sale Stirs Reactions Based On The Recently Acquired $3M Investment Equity. 

September 22, 2023
Fixit45

The $1.9M Pre-Seed Equity Bankrolls Fixit45’s “…advancement towards expansion objectives” — Pankaj Bohhra. 

September 21, 2023

Chari also expands its B2B retail platform to the futuristic development towards the fintech ecosystem. Chari sells most of its B2B e-commerce services to Morocco retail market.

The Moroccan startup company added Tunisia to its market space after closing the previous seed deal. Chari’s current business has reportedly brawled with transforming the fast-moving consumer goods market selling multitasked B2B e-commerce solutions.

The $100m bridge round had expensive investors such as Y Combinator, Harvard University Management Company, Global Founders Capital, Orange Ventures, Village Capital, Rocket Internet, P1 Ventures, Plug n Play, AWKA Group, Air Angels Khwarizmi Ventures, and Afri Mobility.

Chari bridge round is a transitional financing round intended to keep the B2B retail business afloat developing futuristic features until the next, larger financing round. The e-commerce startup currently distributes its services to 50,000 merchants patronising its B2B retail platform.

“Buy now, pay later” is next on Chari’s to-do list. The budget for this project is sorted out with the previous $70m Seed Chari bagged towards the end of 2021. Chari also bought another startup company serving bookkeeping and credit solutions as its subsidiary — all expenses are paid for with more than 70 million dollars in stock.

Chari currently has Y Combinator’s support, utilizing its investor’s resources that influenced its acquisition deal with Karny — another fintech startup based in Morocco. Chari already integrated its e-commerce services with Karny to develop simplified BNPL solutions for the unbanked population in Morocco and Tunisia.

Chari’s BNPL is a credit facility that appears as a service via the rebranded B2B e-commerce platform. Karny determines users’ credit scores from its users’ data. On the other end, Karny’s data allows Chari to duly manage the BNPL financing system whereby items and their amount will be accounted for via Karny’s finance technology.

Chari’s means of distributing loans is via the BNPL feature on its e-commerce network. The B2B startup will test the responsiveness of its payment system with its existing customers.

Likewise the availability of an electronic wallet linked to a real-time closed-loop digital card to process sovereign payment without integrating third-party payment gateway or portals.

BNPL is another payment option on Chari’s e-commerce network. Merchants on the B2B network need not worry about bad debts whereby Karny and Chari’s management solutions got it covered.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Tags: BNPLBridge roundChariecommercefinancefintechFundraisingstartup
Previous Post

Copia Global Rounds Up Series C Fundraising With $50M Deal.

Next Post

Topship Gains The Limelight After Endorsed Acceleration By American Investor.

Next Post
Topship Gains The Limelight After Endorsed Acceleration By American Investor.

Topship Gains The Limelight After Endorsed Acceleration By American Investor.

RECOMMENDED NEWS

Nigerian Economy: ICT Sector Contributes ₦5.5 Trillion To GDP In H1 2021

Nigerian Economy: ICT Sector Contributes ₦5.5 Trillion To GDP In H1 2021

2 years ago
Members Of ALTON Complied Instantly Per FG’s Directive To Excommunicate Subscribers Violating The NIN-SIM Data Campaign From Accessing Outgoing Calls.

Members Of ALTON Complied Instantly Per FG’s Directive To Excommunicate Subscribers Violating The NIN-SIM Data Campaign From Accessing Outgoing Calls.

1 year ago
INNODIP Rwanda

INNODIP Will Eradicate Unemployment In Rwanda By December 2023.

4 months ago
Microsoft Warns the Software Community About the Windows 11 Vulnerability to Crash Apps.

Microsoft Warns the Software Community About the Windows 11 Vulnerability to Crash Apps.

1 year ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa AI app CBDC cbn central bank of nigeria ChatGPT cloud cryptocurrency Crypto market cybersecurity e-commerce east africa economy fintech Flutterwave funding Fundraising google government internet investment kenya License microsoft mtn ncc nigeria Partnership ride hailing rwanda seed social media software south africa startup Start up streaming technology telecom twitter west africa whatsapp

Featured Categories

App
35 Posts
View Posts
Banking
18 Posts
View Posts
Business
15 Posts
View Posts
Cryptocurrency
41 Posts
View Posts
Cybersecurity
21 Posts
View Posts
East Africa
41 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
38 Posts
View Posts
Event
12 Posts
View Posts
Fintech/Finance
127 Posts
View Posts
Funding
41 Posts
View Posts
Gadget
16 Posts
View Posts
Government
83 Posts
View Posts
Insight
8 Posts
View Posts
Internet
25 Posts
View Posts
Investment
21 Posts
View Posts
Nigerian/African Tech
47 Posts
View Posts
North Africa
4 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
6 Posts
View Posts
Service
37 Posts
View Posts
Social Media
39 Posts
View Posts
Southern Africa
25 Posts
View Posts
Startup
111 Posts
View Posts
Telecom
53 Posts
View Posts
Transport
21 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
58 Posts
View Posts
No Result
View All Result
Loading
  • PayDay
    PayDay Potential Sale Stirs Reactions Based On The Recently Acquired $3M Investment Equity. 
    • September 22, 2023
  • Fixit45
    The $1.9M Pre-Seed Equity Bankrolls Fixit45’s “…advancement towards expansion objectives” — Pankaj Bohhra. 
    • September 21, 2023
  • Android Smartwatch
    The Best Android Smartwatches of 2023. 
    • September 13, 2023
  • BAK
    “Crypto vs. Taxes” — The Blockchain Association of Kenya Takes on the Government.
    • September 2, 2023
  • Chargel
    Chargel Is A Catalyst for Transformation in Cote d’Ivoire’s Energy Landscape.
    • September 2, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • PayDay Potential Sale Stirs Reactions Based On The Recently Acquired $3M Investment Equity. 
  • The $1.9M Pre-Seed Equity Bankrolls Fixit45’s “…advancement towards expansion objectives” — Pankaj Bohhra. 
  • The Best Android Smartwatches of 2023. 

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In