Moroccan fintech startup PayTic has secured $4 million in funding to expand its payment automation solutions across North and Sub-Saharan Africa . The investment, led by AfricInvest and supported by Build Ventures, Axian Group, Mistral, Island Capital Partner, and Concrete, signals strong investor confidence in PayTic’s vision.
PayTic specializes in Software-as-a-Service (SaaS) solutions for card issuers, focusing on automating complex operational processes.
Its technology streamlines payment operations for financial institutions, banks, credit unions, and fintech companies. A key focus is payment reconciliation, a process often reliant on manual effort. 
PayTic’s platform offers features like drag-and-drop functionality, automated reconciliation, regulatory reporting, and chargeback processing, helping financial institutions optimize their card programs. The company currently employs over two dozen skilled workers. The new funding will enable PayTic to scale its solutions across the continent, modernizing payment infrastructure and driving financial inclusion.
PayTic’s successful funding round highlights the growing dynamism of Morocco’s fintech sector and the increasing investor interest in African fintech solutions. By simplifying payment processes for financial institutions, PayTic is poised to play a significant role in advancing financial inclusion and driving economic growth across the continent. The expansion promises to bring much-needed efficiency to payment systems, benefiting both businesses and consumers.
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