Moroccan Fintech PayTic Raises $4M to Scale Payment Automation Across Africa

As Africa’s digital economy continues to evolve, a new wave of fintech startups is shifting focus from front-end disruption to backend efficiency. One of them, Moroccan startup PayTic, just secured $4 million to take that mission continent-wide.

The funding round, led by AfricInvest, also saw participation from Build Ventures, Axian Group, Mistral, Island Capital Partner, and Concrete. For PayTic,  this is a signal that infrastructure-focused fintechs are gaining ground in Africa’s financial services landscape.

Tackling the Invisible Layer of Payments

Founded in 2020, PayTic offers software-as-a-service (SaaS) tools designed to automate some of the most time-consuming processes for card issuers — including reconciliation, chargeback management, and compliance monitoring.

While many fintechs in Africa concentrate on mobile wallets and digital lending, PayTic is focused on the backend — the invisible but essential layer that keeps financial operations running smoothly. With operations already established in Casablanca, Charlottetown, and London, the startup serves a mix of banks, credit unions, and fintech companies.

According to CEO Imad Boumahdi, the new funding will support both product enhancement and regional expansion, especially into North and Sub-Saharan African markets where demand for digital payment infrastructure is rising.

The Infrastructure Play in a $1.5 Trillion Market

Africa’s digital payments market is projected to reach $1.5 trillion by 2030. Much of that growth is being driven by mobile banking, QR code adoption, and a steady move toward contactless, cashless transactions.

But with scale comes complexity — and that’s where infrastructure players like PayTic come in. By automating manual backend processes, the company is positioning itself as a key enabler for financial institutions looking to grow without compromising accuracy or compliance.

Fintech Funding Still Resilient

While global venture capital has pulled back in many regions, Africa’s fintech sector remains one of the continent’s most attractive verticals. In 2023, fintech startups in Africa raised $1.4 billion, with a 16% increase in deal count and a 59% rise in total funding year-on-year, according to data from Partech.

PayTic’s raise fits into a growing trend: investors are looking beyond the flashy apps and user-facing platforms to the foundational tech that powers them. Infrastructure may not always make headlines, but it’s what makes real scale — and sustainability — possible.

As PayTic doubles down on automation and expansion, it joins a broader movement shaping the future of financial services in Africa — one where operational efficiency is just as critical as access.