Moroccan Legaltech Charikaty Secures Pre-Seed Funding at €3M Valuation
The startup aims to expand its accounting and compliance services across the MENA region following its latest funding round.
What happened
Moroccan legaltech firm Charikaty has successfully closed a pre-seed funding round. The capital injection is earmarked for the launch of two new ventures and the expansion of its accounting and compliance offerings.
Charikaty also plans to extend its accounting business beyond Morocco into Egypt and the Gulf Cooperation Council (GCC) countries.
The numbers
The pre-seed round valued Charikaty at €3 million, equivalent to MAD 32.6 million.
Who's behind it
Charikaty, a legaltech startup based in Morocco, received investment from Dubai-based Red Tape Ventures, Faris Al-Obaid (vice president and general manager of Mastercard Kuwait), and Saudi footballer Faris Abdi. Additional undisclosed investors also participated in the round.
Amr Mouaqit serves as the chief executive officer.
Why it matters
The funding round highlights a trend of regulatory digitisation across the Middle East and North Africa, transforming company administration into a cross-border software market. Morocco is actively promoting digital company creation, with electronic formations accounting for 44% of new companies in 2026.
Charikaty's expansion aligns with this regional shift, noting electronic invoicing mandates already in effect in Egypt and Saudi Arabia and spreading across the Gulf.
What to watch
Charikaty, which initially focused on company incorporation, intends to support businesses throughout their entire lifecycle. This strategy is exemplified by the recent September launch of Webaty, a new venture designed to create profession-specific websites, leveraging Charikaty's expertise across over 16 industry verticals.
The company is poised to capitalise on the increasing demand for online legal and compliance services in the region.
AI-assisted reporting. This story was drafted with AI assistance from the sources listed above and reviewed against our editorial rules before publication. Facts carry source provenance. Figures, investors, founders and quotations are never generated — if a detail is not in a source, it is not published.
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