Moroccan Fintech Paytic Raises 4 Million To Expand Across Africa And Middle East

PayTic , a rapidly expanding Moroccan fintech startup specialising in card management and payment automation solutions, has announced the closure of a 4 million funding round aimed at accelerating its growth across Africa and the Middle East.

The round was led by Pan-African venture firm P1 Ventures, with participation from Launch Africa Ventures, First Circle Capital, and a group of strategic angel investors with extensive expertise in financial technology and banking infrastructure.

Founded in 2022 by fintech veteran Sarah Benbrahim, PayTic provides a cloud-based platform that streamlines the back-office operations of financial institutions, including digital banks, neobanks, and fintech startups. Its technology allows companies to automate card program management, enhance regulatory compliance, and deliver improved user experiences.

"This funding marks an exciting new chapter for PayTic," said Benbrahim, CEO of PayTic. "We are building the infrastructure that powers next-generation digital financial services. With this new investment, we will scale our operations, strengthen our product suite, and expand into key markets across Africa and the Gulf region."

PayTic's solution addresses a significant gap for many fintechs and banks operating in emerging markets, where fragmented payment ecosystems and regulatory complexities can hinder growth. The startup's platform helps streamline processes that are often manual and error-prone, enabling its clients to launch and manage card products more efficiently.