PayTic, a Morocco-based fintech startup that helps banks and financial institutions automate operational processes, has raised $4.4 million in a funding round aimed at expanding its footprint across Africa and the Middle East, while also scaling its global partnerships.
The round was led by AfricInvest, with participation from Accion Venture Lab and Mistral VC. Existing investors, including CDG Invest, BVC, Concrete VC, and ICP Ventures, also contributed to the latest round. This investment brings PayTic’s total funding to $7.4 million.
Unlike many fintech startups that focus on end-user financial services, PayTic operates in the often overlooked but mission-critical domain of back-end infrastructure. Its platform provides automation for daily financial operations such as reconciliation, chargebacks, fraud detection, and compliance—the essential functions that ensure smooth payment systems and regulatory alignment.
Founded in 2020 by Imad Bouhmadi, the company is headquartered in Casablanca, Morocco. Bouhmadi describes PayTic’s role as supporting the “operational aftermath of payments,” building tools that may be invisible to consumers but are vital to banks, fintechs, and payment processors. “The challenges we solve aren’t visible to the end user but are absolutely critical for institutions,” said Bouhmadi. “We’ve developed a no-code operating system for managing payment operations at scale.”
PayTic’s platform connects directly to the back-end systems of financial institutions, centralizing workflows into a unified dashboard. The goal is to automate routine processes, minimize manual errors, and ensure regulatory compliance all without requiring complex integration or coding knowledge. Its revenue model includes subscription plans, volume-based pricing, and revenue-sharing agreements.
The company currently works with over 20 institutions across Europe, the Middle East, and Africa. Clients include CIH Bank, CFG Bank, and OGS in Morocco, as well as BNI Madagascar and other fintechs across the region.
In a market where few players specialize in back-office automation, PayTic’s key competitor is Kani Payments, a UK-based firm focused on reconciliation tools. However, Bouhmadi notes that PayTic’s strength lies in offering an end-to-end solution. “While others solve one part of the problem, we deliver a comprehensive, no-code platform that works across the entire operational workflow,” he explained.
As PayTic looks to scale further, it has set its sights on Nigeria, one of Africa’s most dynamic fintech hubs. “We’re already in discussions with several fintechs there,” Bouhmadi revealed. “It’s a highly innovative ecosystem and there’s clear demand for robust, scalable operational tools.”
Though still considered a niche area within fintech, the rising complexity of financial systems across Africa and the Middle East is making operational automation an essential component for sustainable growth. PayTic’s ability to embed itself deeply within the infrastructure of financial institutions may determine how successfully it scales across the continent and beyond.
