YallaXash (Visit website).
Location: Montreal
Sector: Fintech
The Islamic financial system(IFS) is not different from the conventional financial system – in terms of products and services offered. The only distinguishing factor between both is the mode of operation. The Islamic economic system follows certain moral and ethical principles in its service delivery. Meanwhile, the IFS doesn’t deal with banking alone; it covers insurance, capital formation, capital markets, and all types of financial intermediation. YallaXash adopts these principles in its mode of operation.
In 2017, the CEO, Emir Lallouche, established the startup together with Cedric Tamavond. Emir has over 14 years of experience in IT within banks, insurance and payment systems internationally. His ability to lead complex projects and innovate new possibilities was the main drive towards the solution’s development, Yallaxash.
Receive money in less than 1 minute

YallaXash is a Morrocan money transfer solution that allows users to transfer money from Canada to Morocco. The solution focuses on making transactions smooth, faster, secure and affordable. All you need is YallaXash mobile app and a smartphone. Likewise, the app is available on Android and IOS. With the solution, the startup can bring connections between the residents and their loved ones abroad.
Unlike other products where commission increases as money increases, YallaXash commission is entirely different. For every transfer up to CAD 999 made, users are charged CAD 2.99. Fair enough, right?
How would you want your money delivered? Through a bank account or hand-delivered? With over 2500 agencies covering the entire territory of Morocco, be sure your money is safe. Moreover, to curtail the stress of long queues at the bank, recipients can receive their money from the nearest YallaXash agency.
Who are the main stakeholders?
The main stakeholders are the sender and receiver. As a sender, all that is required is the mobile application and your smartphone. Transfers take place through a bank account, nearest agency or prepaid cards. YallaXash allows senders to track their transfers. That is how transparent the startup is. Once the money delivers, the sender receives a notification message. If you want to access the solution – download the app, create an account and start sending money to your loved ones.
According to Crunchbase, On June 30, 2021, the startup secured a total of US $672.8K in a Series A round from Maroc Numeric Fund. More so, the startup currently operates in USA, Canada and Morocco with a plan to reach other countries in Africa.
Techtrend Africa is impressed with the positive reviews of up to 90% of Yallaxash mobile app usage. Still, the startup should utilize its social media platforms to keep its audience engaged and provide the necessary information.