Morocco’s Chari.ma Acquires Fintech App Karny.ma

Chari.ma, a Moroccan B2B e-commerce platform, has acquired Karny.ma, a Moroccan fintech app, to enable mobile payment transactions for its customers. The deal followed Chari.ma’s most recent fundraising round.

Karny.ma is a telephone credit book that helps traditional small companies keep track of their outstanding clients. Available on Google Play, the application allows them to simply record their transactions on their phone, share them with their debtors and thus more easily collect their loans.

Chari is a B2B e-commerce application allowing traditional convenience stores to stock up on all the products resold in their store with the promise of having them delivered in less than 24 hours. Chari.ma thus hopes to use Karny.ma to acquire new users at a lower price