Moroccan Retail Fintech WafR Raises $4M Seed Round
- WafR raised $4 million in an oversubscribed seed round.
- The funding round was co-led by LoftyInc Capital, Attijariwafa Ventures, and Al Mada Ventures.
- WafR operates a platform for small neighborhood stores to offer mobile top-ups, remittances, and cash-in/cash-out services.
TechCabal - Feb 23, 2026
LoftyInc backs Moroccan fintech WafR’s $4 million seed round in North Africa push
LoftyInc Capital has co-led a $4 million seed round in Moroccan fintech startup WafR, marking a sign
WafR's growth trajectory and successful funding round indicate a strong market demand for fintech solutions in Morocco. The company's focus on expanding its services and merchant network positions it well to capitalize on the burgeoning financial services market. However, competition in the fintech space may pose challenges as they scale.
