Country: Morocco

Tech in Africa

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Tech in Africa

Moroccan Fintech PayTic Raises $4 Million to Expand Across Africa and Middle EastPayTic, a rapidly expanding Moroccan fintech startup specialising in card management and payment automation solutions, has announced the closure of a $4 million funding round aimed at accelerating its growth across Africa and the Middle East. The round was led by Pan-African venture firm P1 Ventures, with participation from Launch Africa Ventures, First Circle Capital, and a group of strategic angel investors with extensive expertise in financial technology and banking infrastructure. Founded in 2022 by fintech veteran Sarah Benbrahim, PayTic provides a cloud-based platform that streamlines the back-office operations of financial institutions, including digital banks, neobanks, and fintech startups. Its technology allows companies to automate card program management, enhance regulatory compliance, and deliver improved user experiences. “This funding marks an exciting new chapter for PayTic,” said Benbrahim, CEO of PayTic. “We are building the infrastructure that powers next-generation digital financial services. With this new investment, we will scale our operations, strengthen our product suite, and expand into key markets across Africa and the Gulf region.” PayTic’s solution addresses a significant gap for many fintechs and banks operating in emerging markets, where fragmented payment ecosystems and regulatory complexities can hinder growth. The startup’s platform helps streamline processes that are often manual and error-prone, enabling its clients to launch and manage card products more efficiently. Investors praised PayTic’s strong early traction and its growing client base, which already includes digital-first banks and payment providers in Morocco, Tunisia, Egypt, and Côte d’Ivoire. “We believe PayTic is positioned to become a cornerstone of Africa’s rapidly evolving fintech infrastructure,” said Maurizio Caio, Managing Partner at P1 Ventures. “Their technology enables fintechs to scale faster and operate more efficiently, solving a major pain point across the continent.” With the new capital, PayTic plans to double its team, make significant investments in product development—particularly in AI-driven compliance tools—and open offices in key markets, starting with Dubai and Lagos. The funding also highlights the growing momentum in Morocco’s startup ecosystem, which has seen a surge of interest from regional and international investors eager to tap into North Africa’s tech talent and burgeoning financial services sector. Source

April 22nd, 2025

Morocco, Automation, Investor, Management, Platform…

Tech in Africa

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Morocco, 5G, Design, venture

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