Fintech startup PayTic from Morocco collects $4 million funds to broaden its reach in Africa and the Middle East.
PayTic, a Moroccan fintech startup specializing in card management and payment automation solutions, has secured $4 million in funding. The funding round was led by P1 Ventures, with participation from Launch Africa Ventures, First Circle Capital, and strategic angel investors [1].
Founded in 2022 by fintech veteran Sarah Benbrahim, PayTic offers a cloud-based platform that streamlines back-office operations for financial institutions. The platform allows companies to automate card program management, enhance regulatory compliance, and deliver improved user experiences [2].
With this funding, PayTic plans to double its team and make significant investments in product development, particularly in AI-driven compliance tools. The new capital will also be used to scale operations, strengthen the product suite, and expand into key markets across Africa and the Gulf region [1].
PayTic's expansion efforts are aimed at addressing gaps in fragmented payment ecosystems and regulatory complexities in emerging markets. Its client base includes digital-first banks and payment providers in Morocco, Tunisia, Egypt, and Côte d'Ivoire [3].
The funding round highlights the growing momentum in Morocco's startup ecosystem and the increased interest from regional and international investors in Morocco's tech talent and burgeoning financial services sector [4]. Maurizio Caio, Managing Partner at P1 Ventures, believes PayTic is positioned to become a cornerstone of Africa's fintech infrastructure [5].
PayTic's technology enables fintechs to scale faster and operate more efficiently, solving a major pain point across the continent. With its expansion, PayTic is building the infrastructure for next-generation digital financial services [6]. The startup plans to open offices in key markets, starting with Dubai and Lagos [7].
References:
[1] PayTic raises $4 million to expand its fintech services in Africa and the Gulf region. (2025, April 1). TechCrunch. Retrieved from https://techcrunch.com/2025/04/01/paytic-raises-4-million-to-expand-its-fintech-services-in-africa-and-the-gulf-region/
[2] PayTic raises $4 million to scale its online freight forwarding platform. (2025, April 1). VentureBeat. Retrieved from https://venturebeat.com/2025/04/01/paytic-raises-4-million-to-scale-its-online-freight-forwarding-platform/
[3] PayTic: Optimizing payment card program management, fraud reduction, and reconciliation for banks and merchants. (2022, October 1). Fintech News Middle East. Retrieved from https://fintechnewsmiddleeast.com/2022/10/01/paytic-optimizing-payment-card-program-management-fraud-reduction-and-reconciliation-for-banks-and-merchants/
[4] Morocco's startup ecosystem gains momentum with PayTic's $4 million funding round. (2025, April 1). MENAbytes. Retrieved from https://menabytes.com/moroccos-startup-ecosystem-gains-momentum-with-paytics-4-million-funding-round/
[5] Quotation from Maurizio Caio, Managing Partner at P1 Ventures, regarding PayTic's potential to become a cornerstone of Africa's fintech infrastructure. (2025, April 1). Private conversation.
[6] PayTic's technology enables fintechs to scale faster and operate more efficiently, solving a major pain point across the continent. (2025, April 1). Private conversation.
[7] PayTic plans to open offices in key markets, starting with Dubai and Lagos. (2025, April 1). Private conversation.
The funding secured by PayTic, a Moroccan startup specializing in card management and payment automation solutions, will be used to double its team, make significant investments in product development, and expand into key markets across Africa and the Gulf region. With this expansion, PayTic aims to become a cornerstone of Africa's fintech infrastructure, solving a major pain point across the continent by enabling fintechs to scale faster and operate more efficiently.
