LoftyInc backs Moroccan fintech WafR’s $4 million seed round in North Africa push
- LoftyInc Capital co-led a $4 million seed round in Moroccan fintech startup WafR.
- The investment is one of the first from LoftyInc's newly launched Alpha Fund.
- Morocco's startups raised $58 million in 2025, ranking seventh in Africa for capital raised.
The investment in WafR represents a strategic move towards enhancing financial inclusion in Morocco, leveraging the existing informal retail networks. This approach not only supports local entrepreneurs but also addresses foundational challenges in the fintech landscape. Further discussions could explore the long-term impacts of such investments on the regional economy and consumer behavior.
