PayTic, a fast-growing African fintech specializing in automated payment operations for financial institutions, has successfully raised $4 million in an extension of its seed funding round. The capital injection marks a significant step forward in the company’s mission to modernize back-office operations for banks, fintechs, and payment processors worldwide. This latest round was led by prominent investors including AfricInvest, Build Ventures, Axian Group, Mistral, Island Capital Partners, and Concrete.

An Ambitious Vision Backed by Global Investors

Founded in 2020 by Imad Boumahdi, PayTic has rapidly emerged as a key player in transforming complex financial operations through cutting-edge automation solutions. The company’s platform addresses inefficiencies caused by outdated manual processes and legacy systems, offering institutions a pathway to enhanced scalability and operational excellence. Boumahdi emphasized that this funding round is not only a financial boost but also a powerful validation of the company’s transformative mission.

Driving Global Expansion Through Strategic Capital and Expertise

In addition to funding, PayTic gains strategic value from its new investors, many of whom bring deep expertise in fintech and regional markets. The support is expected to accelerate the company’s international expansion, particularly across the Middle East and Africa (MEA) region. According to Boumahdi, the capital and counsel will allow PayTic to redefine how institutions manage and scale their payment operations in an increasingly digital world.

Backing from Leading Regional and Global Players

Lavanya Anand, Senior Manager at Cathay AfricInvest Innovation Fund (CAIF), underscored the persistent global challenge of inefficient payment reconciliation, which still relies heavily on manual processes in many organizations. CAIF is supporting PayTic as part of its broader commitment to enhancing financial inclusion and digitization across Africa. With over three decades of experience in the continent’s financial services, AfricInvest brings a robust foundation to help fuel PayTic’s regional ambitions.

Tangible Value for Financial Institutions Across Markets

AXIAN Financial Services CEO Hassane Muhieddine highlighted the operational benefits PayTic delivers, particularly in reducing manual reconciliation and fraud management efforts. AXIAN has also established partnerships with PayTic through its subsidiaries, BNI Bank and MVola Bank in Madagascar, signaling a deep operational alignment beyond just investment. This endorsement adds further weight to PayTic’s growing reputation as a trusted technology partner in the African banking landscape.

Confidence from Long-Term Partners and Innovation Advocates

Build Ventures Partner Rob Barbara reaffirmed confidence in PayTic’s execution and long-term vision, noting that their continued investment reflects belief in the company’s transformative approach. PayTic also received early backing from CDG Invest’s 212 Founders program, with Managing Director Nawfal Fassi Fihri pointing to the startup’s strong team and clear strategic direction. These partnerships have been instrumental in enabling PayTic to refine its solutions and scale effectively.

A Market-Ready Solution in a Multi-Billion Dollar Industry

Operating in a payment processing industry valued in the billions, PayTic sets itself apart by focusing on institutions ready to innovate from the ground up. Its automation tools are already being utilized by major industry players such as ALLPAY, AFS, CFG Bank, CIH Bank, Operation Global Services (OGS), and Windsor Family Credit Union (WFC). The company is now preparing to launch a new “No-Code Reconciliation” module designed to dramatically simplify reconciliation workflows and improve business agility.

Showcasing Innovation at Gitex Africa 2025

To further highlight its technology, PayTic has announced its participation at Gitex Africa 2025, set to take place in Marrakech from April 14 to 16. The event will provide a platform for the company to demonstrate its innovative solutions and engage with industry leaders focused on the future of digital finance. PayTic’s team will present how its technologies modernize payment operations and help institutions thrive in an increasingly competitive landscape.

PayTic’s $4 million seed extension round marks a pivotal moment in its growth story, reinforcing its status as a trailblazer in fintech innovation. With strong backing from global investors and partners, the startup is poised to redefine back-office operations for the financial sector. As it scales globally, PayTic continues to push the boundaries of what’s possible in automated, efficient, and scalable payment processing.