Charikaty

Cover Block

PUBLIC

Field	Value
Name	Charikaty
Tagline	First 100% digital platform for company creation and legal formalities in Morocco
Headquarters	Morocco
Founded	2024
Stage	Seed
Business Model	SaaS
Industry / Vertical	Legaltech / Regtech
Technology Type	Software (Non-AI)
Geography	Middle East / North Africa
Growth Profile	Venture Scale
Founding Team	Co-Founders (2): Amr Mouaqit, Driss Sijelmassi
Funding Label	Seed
Total Disclosed	~$150,000 (MAD 1.5M) [Wamda, Feb 2026]

Links

PUBLIC

• LinkedIn (co-founder Driss Sijelmassi): https://www.linkedin.com/in/driss-sijelmassi/

Executive Summary

PUBLIC

Charikaty is a Moroccan legaltech that has built what it describes as the country's first fully digital platform for company formation and ongoing legal formalities, a category that has historically required in-person visits to notaries, the OMPIC registry, and tax authorities [Wamda, Feb 2026]. The company was founded in 2024 by Amr Mouaqit and Driss Sijelmassi, and entered the public spotlight in early 2026 after securing MAD 1.5 million (approximately $150,000) on 2M's Dragons' Den-style national investment program [Entarabi, Feb 2026]. Its product covers digital company creation, legal structuring, modifications to existing entities, and recurring compliance work, positioned as a single online interface for procedures normally fragmented across multiple government counters [Disrupt Africa, Feb 2026]. The timing aligns with measurable demand: Morocco registered 109,656 new businesses in 2025, up 14.6% year on year [Hespress, Feb 2026], against a baseline of roughly 90,000 annual incorporations cited in earlier reporting [Innovation Village, 2026]. Charikaty has also joined the inaugural cohort of the Plug and Play and Technopark Morocco Accelerator, which provides access to a network of more than 230 investors [Innovation Village, 2026]. Investor backers, board composition, and revenue have not been publicly disclosed at the time of writing. Over the next 12 to 18 months, the variables worth tracking are user volumes against the 109,000-company addressable flow, the regulatory posture of OMPIC and the Direction Générale des Impôts toward third-party digital intermediaries, and whether the company expands into adjacent recurring services (accounting handoff, trademark filings, modifications) that would lift average revenue per customer above one-time formation fees.

Data Accuracy: GREEN -- Confirmed by Wamda, Disrupt Africa, Hespress, and Innovation Village.

Taxonomy Snapshot

Axis	Value
Stage	Seed
Business Model	SaaS
Industry / Vertical	Legaltech / Regtech
Technology Type	Software (Non-AI)
Geography	Middle East / North Africa (Morocco)
Growth Profile	Venture Scale
Founding Team	Co-Founders (2)
Funding	Seed, ~$150,000 disclosed

Company Overview

PUBLIC

Charikaty was incorporated in 2024 by Amr Yassine Mouaqit and Driss Sijelmassi, and presents itself as the first 100% digital platform in Morocco for company creation and ongoing legal formalities [Upafrica Media, 2026]. The founding thesis, as articulated across coverage in Référence Entreprise and We are Tech, is that creating or modifying a Moroccan SARL or SA still requires entrepreneurs to assemble paperwork across the OMPIC commercial registry, a notary, the tax authority, and the social security fund, a process that the founders say can take weeks and remains opaque to first-time founders [Référence Entreprise, 2026] [We are Tech, 2026]. Charikaty's pitch is to compress that workflow into a guided online flow with document generation, identity collection, and submission handling.

The company spent its first full operating year in relative quiet before two milestones in early 2026 raised its profile. In February 2026 it appeared on 2M TV's national startup investment program, where it secured MAD 1.5 million (reported variously as $150,000 and $162,000 depending on the conversion date) from the show's investor panel [Entarabi, Feb 2026] [Innovation Village, 2026]. Around the same window it was selected for the inaugural cohort of the Plug and Play and Technopark Morocco Accelerator, a three-month program in Casablanca that combines mentorship with structured exposure to a stated network of more than 230 investors [Entarabi, Feb 2026].

Legal entity details, registered capital, and any board composition beyond the two co-founders have not been publicly disclosed. The company's headquarters and primary operations remain in Morocco, with no announced expansion into other Maghreb or francophone African markets at this stage.

Data Accuracy: GREEN -- Confirmed by Upafrica Media, Entarabi, Innovation Village, and We are Tech.

Product and Technology

MIXED

Charikaty's product, as described across press coverage, is a web-based workflow that walks an entrepreneur from initial structuring choice (SARL, SARL-AU, SAS, auto-entrepreneur) through document preparation, signature collection, and submission to the relevant Moroccan administrative bodies [PUBLIC] [Wamda, Feb 2026]. Beyond formation, the company offers post-incorporation services covering statutory modifications, capital changes, and ongoing compliance filings, which is the part of the value chain most likely to produce recurring revenue rather than one-shot transactions [PUBLIC] [Disrupt Africa, Feb 2026]. Reporting from The OUUT and Wamda emphasizes that the platform is positioned as end-to-end digital, meaning the entrepreneur does not need to physically visit a notary or registry office for the procedures it covers [The OUUT, 2026].

The underlying technology stack has not been disclosed publicly, and there are no open engineering job postings surfaced from major ATS hosts that would allow inference of the framework, hosting provider, or signature infrastructure used [PUBLIC]. The company is classified by Wamda and Disrupt Africa as regtech and by Innovation Village as legaltech, and there is no public claim of proprietary AI or machine learning components, the differentiation rests on workflow design and integration depth with Moroccan administrative procedures rather than on a model layer [PUBLIC] [Innovation Village, 2026]. Whether Charikaty operates through formal API integrations with OMPIC and the tax authority, or whether parts of the back-office remain manual operations behind a digital front-end, is a material product question that public sources do not yet answer [PRIVATE].

Data Accuracy: YELLOW -- Product surface confirmed across Wamda, Disrupt Africa, and The OUUT; technical architecture and integration depth not independently verified.

Market Research and Opportunity

PUBLIC

Morocco's company-formation market is small in absolute terms but structurally attractive because volumes are growing, the state is actively pushing digitization, and the existing process remains friction-heavy.

The most recent official figure, reported by Hespress citing OMPIC data, places new business registrations in Morocco at 109,656 in 2025, a 14.6% increase year on year [Hespress, Feb 2026], with 7news Morocco corroborating the same magnitude [7news Morocco, Mar 2026]. Earlier coverage by Innovation Village cites a baseline of more than 90,000 new companies registered annually, suggesting the 2025 jump represents an inflection rather than a one-off [Innovation Village, 2026]. The 2025 U.S. State Department Investment Climate Statement on Morocco describes a continuing government push to ease business formation as part of broader investment-attraction reforms, an environment that favors compliant digital intermediaries [U.S. Department of State, 2025].

Metric	Value	Source
New businesses registered in Morocco, 2025	109,656	[Hespress, Feb 2026]
Year-on-year growth, 2024 to 2025	14.6%	[Hespress, Feb 2026]
Annual baseline cited in earlier reporting	~90,000+	[Innovation Village, 2026]

At roughly 110,000 incorporations per year, even a modest 5% to 10% market share at a typical formation fee in the MAD 2,000 to 5,000 range would put Charikaty in the low to mid single-digit millions of dirhams in annual top-line from formation alone, with the larger long-run prize sitting in recurring modifications and compliance.

Demand drivers extend beyond raw incorporation counts. The Maroc Digital 2030 strategy, which Charikaty's coverage explicitly references, commits the state to modernizing public-facing digital services, which both legitimizes private-sector intermediaries and gradually opens the API and identity infrastructure they need to operate end to end [Innovation Village, 2026]. Adjacent and substitute markets include traditional notaries and fiduciaires (accounting and formation firms) that handle the bulk of formations today, the OMPIC's own direct online channels, and the auto-entrepreneur regime which has its own simplified state-run portal. The competitive question is therefore not whether digital formation will exist in Morocco, but who owns the entrepreneur-facing brand and the recurring compliance relationship.

Regulatory and macro forces cut both ways. The tailwind is a government that has publicly committed to reducing business-creation friction. The headwind is that any private platform sits downstream of state systems whose access policies, fee structures, and digital identity standards can change with limited notice.

Data Accuracy: GREEN -- Confirmed by Hespress, 7news Morocco, Innovation Village, and U.S. Department of State.

Competitive Landscape

MIXED

Charikaty is positioned as the first fully digital entrant in a category historically served by notaries, fiduciaires, and the state's own online registries, and no direct named competitor has surfaced in the cited reporting.

The segment-by-segment map looks roughly like this. The incumbents are the traditional fiduciaires and notary offices that have handled SARL and SARL-AU formations for decades, they retain the trust relationship with first-time founders, particularly outside Casablanca and Rabat, and they bundle formation with the accounting work that follows. The state itself is an adjacent substitute: OMPIC offers a direct online registry interface, and the auto-entrepreneur regime has a dedicated portal run through Barid Al-Maghrib, both of which are free or near-free to use but place the burden of correctness on the entrepreneur. The challenger layer, where Charikaty sits, consists of digital-first platforms attempting to wrap the full multi-agency process into a single guided flow. Equivalent international reference points (without claiming Moroccan presence) include LegalStart and Captain Contrat in France, Legalzoom and Stripe Atlas in the United States, and Ondato-style identity-and-formation stacks in Europe, these are not competitors in the Moroccan market today but they define the product expectations a digital-native Moroccan founder will arrive with.

Where Charikaty has a defensible edge today is timing and category ownership. It is the first platform to be consistently described in regional press as the digital company-creation option in Morocco [Upafrica Media, 2026] [Wamda, Feb 2026], and the 2M television exposure created brand recall that would cost a competitor a meaningful marketing budget to replicate [Disrupt Africa, Feb 2026]. The Plug and Play and Technopark accelerator placement adds an investor and partnership channel that compounds with the press cycle [Innovation Village, 2026]. These advantages are real but perishable: first-mover brand in formation is durable only if backed by integration depth that a fast follower cannot replicate in 12 months.

Where the company is most exposed is on the state-substitute axis. If OMPIC continues to upgrade its own end-to-end digital flow under the Maroc Digital 2030 banner, the value of a private intermediary compresses to UX, document templates, and post-incorporation compliance, none of which a single $150,000 round fully secures. The fiduciaire channel is also a defensive moat for incumbents, because once an entrepreneur has handed accounting to a fiduciaire, that firm has every incentive to handle modifications and compliance in-house rather than route the customer back to Charikaty.

The most plausible 18-month competitive scenario splits in two. Winner if Charikaty converts its first-mover brand and accelerator network into a partnership with a Moroccan bank (where new SARLs need to open a blocked-capital account anyway) and uses that distribution to reach 10% to 15% of annual formations. Loser if a well-capitalized Moroccan or pan-African fintech (or a fiduciaire consolidator) launches a formation product as a customer-acquisition loss leader, in which case Charikaty's standalone formation fee comes under pressure before its compliance recurring-revenue motion is established.

Data Accuracy: YELLOW -- Subject positioning confirmed across Wamda, Upafrica Media, Disrupt Africa, and Innovation Village; no named direct competitor surfaced in cited sources, and competitive map relies on analyst inference from the structure of the Moroccan market.

Opportunity

PUBLIC

If Charikaty executes, the prize is becoming the default front door for incorporating and maintaining a company in Morocco, and eventually across francophone North Africa.

The headline opportunity

The single largest outcome Charikaty could plausibly become is the entrepreneur-facing brand for company lifecycle management in Morocco: formation at the top of the funnel, modifications and compliance as the recurring middle, and a referral or embedded relationship with banks, accountants, and insurers as the monetization tail. The cited evidence makes that outcome reachable rather than aspirational because the addressable flow is real and growing (109,656 incorporations in 2025, up 14.6% [Hespress, Feb 2026]), the state has publicly committed to digitizing the surrounding infrastructure under Maroc Digital 2030 [Innovation Village, 2026], and the company has both the press recognition from 2M and the investor access from Plug and Play to convert early traction into distribution deals [Disrupt Africa, Feb 2026] [Entarabi, Feb 2026].

Growth scenarios

Scenario	What happens	Catalyst	Why it's plausible
Bank distribution partnership	Charikaty becomes the embedded formation flow inside one or two Moroccan banks' SME onboarding journey	A signed distribution deal with a tier-one Moroccan bank that already handles blocked-capital accounts for new SARLs	New SARLs are legally required to deposit capital in a Moroccan bank account; banks compete aggressively for SME primary-relationship status [U.S. Department of State, 2025]
Compliance recurring-revenue flywheel	Average revenue per customer triples as formation customers convert to ongoing modifications, statutory filings, and trademark work	Launch of a subscription compliance product on top of the existing one-shot formation flow	Charikaty already lists modifications and compliance among its services, so the product surface exists [Wamda, Feb 2026] [Disrupt Africa, Feb 2026]
Maghreb expansion	The platform replicates into Tunisia and Algeria, both of which share a French-civil-law commercial code structure	A Series A round and a hire of a country lead, plus regulatory mapping for each new jurisdiction	The Plug and Play network provides cross-border investor access, and the Maroc Digital 2030 reference plays well with similar national digitization plans elsewhere in the region [Innovation Village, 2026]

What compounding looks like

The flywheel that turns one win into the next runs through three loops. First, every formation customer is a candidate for recurring compliance work, which lifts customer lifetime value without requiring new acquisition spend. Second, every successful filing builds a proprietary document and edge-case library that makes the next filing faster and harder for a new entrant to replicate. Third, brand presence on national television and through accelerator channels lowers the cost of acquiring the next cohort of founders, who increasingly arrive via word of mouth rather than paid channels [Disrupt Africa, Feb 2026]. None of these loops are yet visible in disclosed metrics, but the product structure is set up to generate them.

The size of the win

Public comparables in adjacent markets give a sense of scale without claiming equivalence. LegalZoom, the U.S. listed peer in online business formation, has historically traded at a market capitalization in the low billions of dollars on revenue measured in the hundreds of millions; LegalStart in France has raised through Series B at a valuation in the tens of millions of euros. Translated to Morocco's smaller addressable base, a credible scenario in which Charikaty captures 10% to 15% of annual formations, attaches a recurring compliance product, and expands into one neighboring market would put the business in the low tens of millions of dollars of enterprise value within a five to seven year window (scenario, not a forecast). The downside framing matters too: if the company remains a one-shot formation tool with no recurring layer, the ceiling sits much closer to a profitable lifestyle business than to a venture outcome, which is precisely why the next 12 to 18 months of product expansion are the variable to watch.

Data Accuracy: YELLOW -- Scenario logic grounded in cited Hespress, Innovation Village, Wamda, and Entarabi reporting; comparable valuations and scenario sizing are analyst illustration, not company guidance.

Sources

PUBLIC

1. [Upafrica Media, 2026] Charikaty, première plateforme 100 % digitale de création d'entreprise au Maroc | https://www.upafrica.media/charikaty-premiere-plateforme-100-digitale-de-creation-dentreprise-au-maroc-revolutionne-lecosysteme-entrepreneurial-191640.html

2. [The OUUT, 2026] Moroccan RegTech Startup Charikaty Wins $150K Funding on Dragons' Den-Style Show | https://theouut.com/moroccan-regtech-startup-charikaty-wins-150k-funding-on-dragons-den-style-show/

3. [Wamda, Feb 2026] Moroccan regtech Charikaty raises $150K on national investment show | https://www.wamda.com/2026/02/moroccan-regtech-charikaty-raises-150k-national-investment

4. [Innovation Village, 2026] Moroccan legal-tech startup Charikaty secures $162,000 in funding | https://innovation-village.com/moroccan-legal-tech-startup-charikaty-secures-162000-in-funding/

5. [Disrupt Africa, Feb 2026] Moroccan reg-tech startup Charikaty secures $150k funding from Dragons' Den-style TV show | https://disruptafrica.com/2026/02/23/moroccan-reg-tech-startup-charikaty-secures-150k-funding-from-dragons-den-style-tv-show/

6. [Entarabi, Feb 2026] Charikaty Secures MAD 1.5 Million Investment on 2M's Startup Show | https://entarabi.com/en/2026/02/charikaty-secures-mad-1-5-million-investment-on-2ms-startup-show/

7. [LinkedIn, 2026] Driss Sijelmassi LinkedIn | https://www.linkedin.com/in/driss-sijelmassi/

8. [WeeTracker, 2026] Charikaty Raises USD 150K To Scale Digital Company Formation In Morocco | https://weetracker.com/2026/02/25/charikaty-raises-150k-morocco-regtech/

9. [Hespress, Feb 2026] Morocco sees surge in new businesses in 2025, over 109,000 companies registered | https://en.hespress.com/132587-morocco-registers-109644-new-businesses-in-2025-up-14-6-percent.html

10. [7news Morocco, Mar 2026] Morocco records more than 109,000 new businesses in 2025 | https://en.7news.ma/morocco-records-more-than-109000-new-businesses-in-2025/

11. [U.S. Department of State, 2025] 2025 Investment Climate Statements: Morocco | https://www.state.gov/reports/2025-investment-climate-statements/morocco/

12. [Référence Entreprise, 2026] Charikaty: Amr Yassine Mouaqit révolutionne la création d'entreprise au Maroc | https://www.reference-entreprise.com/charikaty-amr-yassine-mouaqit-revolutionne-la-creation-dentreprise-au-maroc/

13. [We are Tech, 2026] Amr Yassine Mouaqit Launches Digital Platform for Business Formation in Morocco | https://www.wearetech.africa/en/fils-uk/tech-stars/amr-yassine-mouaqit-launches-digital-platform-for-business-formation-in-morocco/