PayTic, a Morocco-based fintech that helps banks and fintechs automate their day-to-day operations, has raised $4.4 million to deepen its presence in the Middle East and Africa and expand its global distribution partnerships.
AfricInvest led the funding round with participation from Accion Venture Lab and Mistral VC. Existing investors, including CDG Invest, BVC, Concrete VC, and ICP Ventures, participated in the latest round. The fresh funding brings PayTic’s total funding to $7.4 million.
While many fintechs chase end-user adoption, PayTic is part of a quieter infrastructure push: building back-end tools that automate day-to-day operations for banks, card issuers, payment processors, and fintechs. It’s a less visible slice of the $47 billion industry, but one that’s becoming increasingly critical as the region’s financial systems scale in complexity.
The Casablanca-based startup, founded in 2020 by Imad Bouhmadi, offers an infrastructure layer that supports day-to-day operations, including reconciliation, chargebacks, fraud management, and compliance for payment providers. PayTic focuses on what Bouhmadi calls “the operational aftermath of payments.”
“The problem we’re solving is largely invisible to consumers but mission-critical for fintechs, banks, and card issuers,” Bouhmadi told . “We’ve built a no-code operating system for payment operations.”
PayTic’s platform integrates directly with the back-end systems of banks, card issuers, and payment processors. From there, it centralizes operational workflows into dashboards that allow these players—banks, card issuers, fintechs, and payment processors—to automate repetitive tasks and maintain regulatory compliance at scale. Paytic generates revenue through a mix of subscription fees, with optional volume-based pricing, and revenue-sharing agreements.
The startup currently serves over 20 businesses across Europe, the Middle East, and Africa. Its clients include Morocco’s CIH Bank, CFG Bank, and OGS (a processing body for Bank of Africa), as well as BNI Madagascar and several fintechs across Africa and the Middle East.
PayTic’s biggest competitor is Kani Payments, a UK-based firm that provides reconciliation solutions. Bouhmadi claims PayTic differentiates itself by offering a more holistic platform. Unlike Kani Payments, which focuses on certain segments, Paytic covers the entire workflow of a bank’s daily operations.
“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.”
Beyond the Middle East, PayTic is also looking to grow in new markets, starting with Nigeria. “We’re already talking to fintechs there,” Bouhmadi said. “It’s one of the most exciting fintech ecosystems on the continent, and they’re actively looking for scalable operational solutions.”
While PayTic’s market remains niche, the growing complexity of payments across Africa and the Middle East could turn operational automation from a nice-to-have into a necessity. Whether PayTic can scale its model beyond early partnerships will depend on how deeply embedded its platform becomes in the region’s financial market.
