PayTic Secures $4M to Expand Payment Automation Across Africa

Editorial Team

Last updated 10-04-2025

2 min

PayTic, a Morocco-based fintech, secures $4 million to grow its payment automation services.

AfricInvest led the funding, joined by Build Ventures, Axian Group, and others.

PayTic aims to meet Africa's rising demand for streamlined digital payments, worth $1,5 trillion by 2030.

The firm simplifies card issuer operations via SaaS, easing payment reconciliations and refunds.

CEO Imad Boumahdi sees this as validation of PayTic's mission and expansion potential.

Morocco-based fintech firm PayTic has secured $4 million worth of funding to scale up its payment automation solutions and push forward its expansion plans across North and Sub-Saharan Africa.

The financing round was spearheaded by AfricInvest and joined by several notable investors including Build Ventures, Axian Group, Mistral, Island Capital Partner, and Concrete.

With this fresh injection of funds, PayTic hopes to tap into Africa's burgeoning demand for more streamlined payment processing. And that's no small feat, considering the continent's digital payments economy is forecasted to shoot up to a staggering $1.5 trillion by 2030.

Set up back in 2020, PayTic specialises in simplifying the operating dramatics (I meant dynamics!) of card issuers through Software as a Service (SaaS). I personally dread the complexities of sorting out payment reconciliations, refunds, and chargebacks—exactly the type of tedious but essential financial admin PayTic deals with daily.

PayTic isn't exactly restricted in geography either; it's a genuinely international outfit nowadays, boasting offices in Charlottetown (Canada), Casablanca (Morocco), and even here in our own stomping ground of London. Their client base includes banks, credit unions, fintech brands, and other players in the payment-processing game, aiming to make their workflows smoother and less headache-inducing.

CEO Imad Boumahdi explained the significance of this investment, saying: "This is a strong validation of PayTic's mission and the transformative impact we're delivering. Alongside financial backing, this funding round delivers strategic expertise that'll help us accelerate global expansion and reshape the landscape of payment operations."

The wider context, it seems, is pretty optimistic too. Even though overall funding has dipped recently, fintech startups haven't felt the pinch as sharply. They've managed to attract a tidy $1.4 billion in backing, suggesting investors still have a solid appetite for innovative firms like PayTic. By the looks of things, fintech companies in Africa are having their moment in the spotlight—certainly good news for aspiring entrepreneurs following along at Arageek or similar communities.

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