This Morocco-based fintech aims to optimize various key processes within African financial institutions, in order to improve service quality for users.

PayTic is a B2B fintech solution developed by a Moroccan startup. It enables the automation of operational processes related to bank cards, a segment that remains largely fragmented in many African institutions. The Casablanca-based startup was founded in 2020 by Imad Boumahdi. Last April, it successfully closed a funding round worth USD 4 million.

“This significant investment is a powerful validation of PayTic’s mission and the transformative impact we are delivering. [...] Beyond the capital, this funding round brings invaluable strategic expertise, allowing us to accelerate our global expansion and reshape the future of payment operations,” said Imad Boumahdi.

Operating as a Software-as-a-Service (SaaS) platform, PayTic delivers comprehensive automation directly through a web browser. Banks, card issuers, and fintechs can use it to better manage their debit and credit cards.

It acts as an intelligent assistant to perform tasks such as payment tracking, error resolution, performance analysis, and compliance. It integrates with existing systems and provides these various institutions with a real-time view of their operations, while reducing the risk of human error.

In a context where banks seek to increase efficiency while improving customer experience, PayTic’s goal is to automate what can be automated in order to refocus teams on higher-value tasks. This objective aligns with the broader dynamic of modernizing African financial services, driven by high-value local solutions.

By Adoni Conrad Quenum,

Editing by Feriol Bewa