Casablanca-based fintech startup, PayTic, has secured $4.4 million in fresh funding to accelerate its expansion across the Middle East and Africa and strengthen its global distribution partnerships. The round was led by AfricInvest, with participation from Axian Venture Lab, Mistral VC, and existing investors like CDG Invest, Build Ventures, Concrete VC, and ICP Ventures. This latest investment brings the company’s total funding to $7.4 million.
Founded in 2020 by Imad Boumahdi, PayTic provides an infrastructure platform that automates critical day-to-day operations for banks, fintechs, card issuers, and payment processors. The startup’s no-code platform supports backend activities such as reconciliation, chargebacks, fraud management, and compliance—tasks often invisible to consumers but vital to financial institutions. Boumahdi said the firm focuses on “the operational aftermath of payments,” aiming to simplify what is often a complex and manual process for financial players.
PayTic already serves over 20 financial institutions and fintechs across Europe, Africa, and the Middle East, including Morocco’s CIH Bank, CFG Bank, OGS (a processing partner for Bank of Africa), and BNI Madagascar. By integrating directly into backend systems, PayTic centralizes operational workflows through intuitive dashboards that automate repetitive tasks and ensure regulatory compliance at scale. Its revenue model includes subscription fees, volume-based pricing, and revenue-sharing arrangements.
Looking ahead, PayTic is eyeing further growth in Nigeria, one of Africa’s most dynamic fintech markets. Boumahdi revealed that talks are already underway with fintech players in the country. As Africa’s financial ecosystem grows more complex, the demand for scalable, back-end operational tools like those offered by PayTic is expected to surge. The startup’s biggest competitor, UK-based Kani Payments, focuses on reconciliation services, but Boumahdi believes PayTic’s full-spectrum, no-code platform gives it a distinct edge in the evolving financial services landscape.