PayTic, a Casablanca-based fintech helping banks and payment providers automate their daily operations, has raised $4.4 million in fresh funding to deepen its footprint across the Middle East and Africa and grow its global distribution partnerships.
The round was led by AfricInvest, with backing from Axian Venture Lab and Mistral VC, alongside existing investors CDG Invest, Build Ventures, Concrete VC, and ICP Ventures. This latest raise brings PayTic’s total funding to $7.4 million.
Unlike most fintechs chasing end-user adoption, PayTic is quietly building the backbone of modern financial systems—creating tools that automate the “operational aftermath” of payments for banks, fintechs, card issuers, and processors.
“The problem we’re solving is largely invisible to consumers but mission-critical for fintechs, banks, and card issuers,” said Imad Boumahdi, founder and CEO of PayTic, in a conversation with TechCabal. “We’ve built a no-code operating system for payment operations.”
Founded in 2020, PayTic’s platform tackles the complexity of backend processes like reconciliation, chargebacks, fraud management, and compliance—functions that are often manual, costly, and prone to error. By integrating directly with financial institutions’ systems, PayTic gives clients a centralized dashboard to automate tasks, reduce overhead, and maintain regulatory compliance at scale.
Its business model combines subscription fees, volume-based pricing, and revenue-sharing agreements, depending on client needs.
PayTic currently serves over 20 clients across Europe, the Middle East, and Africa, including major players like CIH Bank, CFG Bank, OGS (the processing arm for Bank of Africa), and BNI Madagascar.
Its biggest competitor is UK-based Kani Payments, which offers reconciliation tools. But Boumahdi says PayTic’s edge lies in offering a more complete, no-code solution that doesn’t just plug into part of the workflow—it covers the entire operational chain.
“They focus on one piece of the process,” he said. “We’ve built an end-to-end solution that’s integration-free, no-code, and instantly usable across the operational spectrum.”
Next up for PayTic is Nigeria, one of the continent’s most dynamic fintech ecosystems. “We’re already in talks with fintechs there,” Boumahdi shared. “Nigeria is hungry for scalable operational tools—it’s a natural next step for us.”
Though infrastructure plays like PayTic often operate in the background, their importance is growing rapidly. As financial systems in Africa and the Middle East mature and scale in complexity, automation will become less of a luxury—and more of a necessity.
Whether PayTic can capitalize on that shift will depend on how deeply it can embed itself in the region’s financial architecture. But for now, it’s well-positioned to be a quiet but essential player in the next wave of fintech infrastructure.