E-commerce startup Chari joins San Francisco-based startup accelerator Y Combinator

MOROCCO – Chari, a Moroccan E-commerce startup becomes the first startup in the North African nation to join Y Combinator, a San Francisco-based startup accelerator. Y-Combinator is known to be the most selective startup incubator in the world, only accepting 1% of the startups that apply. Big names such as Airbnb, Dropbox, Stripe, Twitch, Sendbird, Reddit, or even Zapier have gone through Y Combinator. Chari is a B2B e-commerce and FinTech application allowing traditional convenience stores to order all the products resold in their shop with the promise of having…

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Logistics company Freterium secures an opportunity in Y Combinator

MOROCCO – Freterium, the first predictive supply chain platform, has just been selected to join the famous program of Y Combinator (YC), the Californian incubator, which will accelerate the Moroccan start-up international development. Founded by two engineers, Mehdi Cherif Alami and Omar El Kouhene, Freterium aims to transform supply chains by replacing manual processes with a fully connected ecosystem. Freterium offers the first Transport Management Platform (TMP) in the Africa-Middle East region which combines the main modules of a TMS (Transport Management System) and the connectivity of a collaborative platform…

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Edtech start-up Kidato raises US$1.4m seed for online learning

KENYA – Kidato, an online class for K-12 students in Africa, has announced that it has closed its US$1.4 million seed investment. This seed round has been backed by Y Combinator, a significant backer of most of the continent’s well-known start-ups Investors who were in this funding round include such firms as Launch Africa Ventures Fund, Graph Ventures, Learn Start Capital, and Century Oak Capital, among other angel investors. The idea behind Kidato is the brainchild of Kenyan entrepreneur Sam Gichuru, who set it up in 2020. The Y Combinator-backed start-up says…

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Fintech startup Djamo selected for Silicon Valley-based accelerator Y Combinator

COTE D’IVOIRE – Djamo, a financial super app for consumers in French-speaking Africa, has been accepted into the Silicon Valley-based accelerator Y Combinator, banking US$125,000 funding and further support, becoming the first startup from Ivory Coast to take part in the renowned programme. Founded by Hassan Bourgi and Regis Bamba last year, Djamo is a financial super app that aims to democratise access to quality and affordable banking to millions of Africans living across the Francophone Africa region. “Since day one we wanted to design a mobile-first platform that can…

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Online real estate platform Sakneen raises US$150,000 funding from Y Combinator

EGYPT – Sakneen, online real estate platform, announced that it has been backed by Y Combinator, a Silicon Valley-based incubator, according to the startup’s statement.   The startup was part of Y Combinator’s Winter 2020 batch that graduated earlier this year with a virtual demo day. It has raised US$150,000 from Y Combinator as part of joining the program.  Breadfast and Trella are the two other Egyptian startups that have recently graduated from Y Combinator. Both of them were part of YC S19.  Founded in late 2019 by Ramy Khorshed and Hussein El Kheshen, Sakneen…

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