Morocco’s B2B e-commerce app, Chari recently announced the acquisition of Karny.ma, a phone-based credit book app that allows traditional convenience stores to manage the loans given to their customers.
With this move Chari intends to offer more services to its users. Available on Google Play, the app allow users to simply record their transactions on their phone, share them with their debtors and thus more easily collect their loans. Founded by two BCG Consultants, Karny.ma has already fifteen thousand monthly active grocery stores using it throughout Morocco.
“Karny.ma users are the right target for Chari. We believe there can be many synergies between the two apps and we want to grow both in parallel with the end goal of starting to offer financial services to all of our customers” says Ismael Belkhayat, Co-Founder and CEO of Chari.
