About WafR
WafR is a company based in Casablanca (Morocco) founded in 2019.. WafR has raised $1.23 million across 4 funding rounds from investors including Plug and Play Tech Center, First Circle Capital and Launch Africa. WafR operates in a competitive market with competitors including Thanx, PayRange, Influitive, FreedomPay and Merryfield, among others.
- Headquarter Casablanca, Morocco
- Stage Minicorn
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Sectors
RetailTechnology Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.23 M (USD)
in 4 rounds
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Latest Funding Round
$120 K (USD), Seed
Nov 08, 2022
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Investors
Plug and Play Tech Center
& 4 more
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Employee Count
Employee Count
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Funding Insights of WafR
WafR has successfully raised a total of $1.23M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $120 thousand completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $120,000
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First Round
First Round
(18 Feb 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Seed - WafR | Valuation |
investors |
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| Jun, 2022 | Amount | Seed - WafR | Valuation | Launch Africa | |
| Apr, 2022 | Amount | Seed - WafR | Valuation | UM6PVentures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WafR
WafR has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Plug and Play Tech Center, First Circle Capital and Launch Africa. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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First Circle Capital is focused on investing in African FinTech startups.
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech companies
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WafR
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - WafR
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wafr Comparisons
Competitors of WafR
WafR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Thanx, PayRange, Influitive, FreedomPay and Merryfield, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Loyalty management solutions are provided for offline retail stores.
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| domain | founded_year | HQ Location |
Mobile payments for vending machines are facilitated via smartphone app.
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| domain | founded_year | HQ Location |
Advocate marketing software is provided for B2B technology firms.
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| domain | founded_year | HQ Location |
Online payment gateway and MPOS solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Loyalty program services are provided to businesses by Merryfield.
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| domain | founded_year | HQ Location |
SaaS platform for channel loyalty and incentive management is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wafr
Frequently Asked Questions about WafR
When was WafR founded?
WafR was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is WafR located?
WafR is headquartered in Casablanca, Morocco.
Is WafR a funded company?
WafR is a funded company, having raised a total of $1.23M across 4 funding rounds to date. The company's 1st funding round was a Seed of $278K, raised on Feb 18, 2022.
What does WafR do?
Founded in 2019 in Casablanca, Morocco, WafR operates in the retail technology sector. A mobile application is offered to enable loyalty programs for offline businesses, particularly large retailers. Users can open accounts, add funds for transactions, sell goods directly, and receive support for queries. The platform is accessible via Google Play Store and App Store, with operations focused on facilitating business dealings in the region.
Who are the top competitors of WafR?
WafR's top competitors include Thanx, PayRange and Merryfield.
Who are WafR's investors?
WafR has 5 investors. Key investors include Plug and Play Tech Center, First Circle Capital, Launch Africa, Welovebuzz, and UM6PVentures.
What is WafR's valuation?
The valuation of WafR is $10.12M as of Nov 2022.
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