Charikaty Raises Pre-Seed Round at €3 Million Valuation

Morocco-based legaltech startup Charikaty has closed a pre-seed funding round at a €3 million valuation, bringing in investors from the UAE, Kuwait and Saudi Arabia as it expands beyond company formation into accounting, compliance and other business services.

The company did not disclose the amount raised. Investors in the round include Dubai-based Red Tape Ventures, Faris Al-Obaid, Vice President and General Manager of Mastercard Kuwait, and Al-Ittihad footballer Faris Abdi, alongside other undisclosed backers.

“Company creation gave us a very clear place to start, but it also gave us a front-row view of what entrepreneurs need next,” said Co-Founder and CEO Amr Mouaqit. “The ambition now is larger than the incorporation itself. We want to build around the lifecycle of the company.”

Charikaty allows entrepreneurs to incorporate structures including SARL, SARL AU, SAS and foreign subsidiaries entirely online, using legalised electronic signatures and fixed upfront pricing. The company says filings can be completed in as little as three days.

Its services have since expanded to include statutory modifications, domiciliation, accounting packages, trademark filing and company dissolution. A dedicated diaspora channel also allows Moroccans in more than 100 countries to establish companies without travelling, appointing a proxy or attending consular appointments.

In September, Charikaty also launched Webaty, a website-development venture targeting more than 16 sectors, including e-commerce, construction, consulting, restaurants and short-term rentals. The company says an initial website can be delivered within 72 hours once content is provided.

A second venture focused on accounting and compliance is expected to launch later in September. It will initially be tailored to Morocco’s accounting and tax framework, including upcoming electronic invoicing requirements, before expanding into Egypt and GCC markets.