Grace Ashiru
Casablanca-based legaltech startup Charikaty has completed a pre-seed financing round at a valuation of €3 million, equivalent to roughly $3.4 million, as the company prepares to expand its digital corporate-services platform.
The actual amount of money invested in the round has not been disclosed.
That distinction is important because the €3 million figure represents the company’s valuation rather than the size of the funding round
The financing attracted Red Tape Ventures, Faris Al-Obaid and Saudi footballer Faris Abdi, alongside other investors whose identities were not disclosed.
Founded by Amr Mouaqit and Driss Sijelmassi, Charikaty is building an online platform designed to simplify company formation and corporate administration in Morocco.
The service allows entrepreneurs to establish legal entities including SARLs, single-shareholder SARLs, SAS companies and foreign subsidiaries through a digital process.
Charikaty uses electronic signatures and upfront pricing to reduce the number of separate interactions entrepreneurs traditionally need with legal, administrative and accounting service providers.
The startup has also expanded beyond incorporation.
Its services now include changes to company information, registered addresses, accounting packages, trademark registration, compliance support and business dissolution.
Customers can track cases online while receiving assistance from legal specialists.
Charikaty also offers an expedited incorporation service aimed at Moroccans living abroad.
The company says eligible diaspora entrepreneurs can establish Moroccan businesses within approximately three days without travelling to Morocco or visiting a consulate.
The new financing is expected to support further product development and geographic expansion.
The startup has signalled interest in strengthening its accounting and compliance services while also pursuing opportunities in other Middle Eastern and North African markets.
Charikaty’s broader strategy is to move beyond being a company-registration service.
By adding recurring services such as accounting and compliance, the business can potentially maintain relationships with customers long after their companies have been incorporated.
That transition could allow Charikaty to build a more predictable recurring-revenue model while positioning itself as a broader digital operating platform for small and medium-sized businesses.
