LoftyInc Capital, a pan-African venture capital firm, has co-led a $4 million seed round in Moroccan fintech startup WafR, one of the first investments from its newly launched Alpha Fund, signaling a stronger bet on North Africa. The round was co-led alongside Attijariwafa Ventures and Almada Ventures, with participation from UM6P Ventures and First Circle Capital. The funding highlights Morocco’s rising profile in Africa’s venture landscape; the country’s startups raised $58 million in 2025, placing seventh on the continent for capital raised. It also signals a broader shift in fintech strategy. As capital begins flowing more deliberately across regional boundaries, investors like LoftyInc are backing infrastructure-focused startups that embed financial services into informal retail net...