Moroccan startup PayTic isn’t chasing headlines with apps or digital wallets. It’s digging into the mess most people don’t see—the clogged-up pipes that keep the financial system running.
In its latest round, PayTic raised $4.4 million in fresh funding to deepen its operations in the Middle East and Africa.
AfricInvest led the round, joined by Axian Venture Lab and Mistral VC. Existing backers like CDG Invest, BVC, Concrete VC, and ICP Ventures also returned. This brings the company’s total funding to $7.4 million.
Founded in Casablanca in 2020 by Imad Bouhmadi, PayTic was built not to impress consumers, but to rescue banks, fintechs, and card issuers from the chaos of their own operations.
While many startups focus on the front-end user experience, PayTic goes where the real problems live—in the backend, where reconciliation, chargebacks, fraud checks, and compliance live and breathe.
Bouhmadi calls it “the operational aftermath of payments.”
This isn’t a space most people want to think about. But for institutions juggling multiple card programmes, payment rails, and regulatory obligations, it’s hell. PayTic’s solution? An end-to-end platform that doesn’t just integrate with existing systems—it practically replaces the manual processes still plaguing the industry. And it doesn’t need code to do it.
“The problem we’re solving is largely invisible to consumers but mission-critical for fintechs, banks, and card issuers,” Bouhmadi said. “We’ve built a no-code operating system for payment operations.”
That system gives clients a clean dashboard to handle everything from line-by-line invoice analysis to auto-generated BIN sponsor invoices. It’s not classy, but it’s transformative. Tasks that once took hours or even days can be done in minutes—with far less human error.
Unlike competitors like UK-based Kani Payments, which zeroes in on reconciliation alone, PayTic is gunning for full spectrum dominance. “They focus on one piece of the process,” Bouhmadi said. “We’ve built an end-to-end solution that’s integration-free, no-code, and instantly usable across the operational spectrum.”
Right now, PayTic works with more than 20 institutions spread across Europe, the Middle East, and Africa. Some names include Morocco’s CIH Bank, CFG Bank, and BNI Madagascar. OGS, the processing engine behind Bank of Africa, is also on that list. It’s also in talks with players in Nigeria, a market Bouhmadi calls “one of the most exciting fintech ecosystems on the continent.”
The revenue model is a mix of SaaS subscription fees, volume-based pricing, and revenue-sharing agreements. It’s flexible, which makes sense for a tool designed to untangle complexity.
Is the market big enough? It’s bigger than it looks. With Africa’s payments sector becoming more layered, the old ways of doing things simply don’t scale. Without operational automation, banks and fintechs risk drowning in their own data and red tape.
PayTic sees this—and it’s betting the future of finance lies not in the user interface, but in the machinery underneath it.
This funding is not just about growth. It’s about leverage—getting the product into more hands, building stronger partnerships, and pushing further into underserved regions. Bouhmadi said, “We view PayTic as a key enabler to our ability to grow our business. As we add more card programs, we will be sure to have PayTic there to help us manage the back-office program functions.”
It’s an unglamorous mission. But if PayTic delivers, it could become the quiet innovation behind the working African and Middle Eastern financial infrastructure.
