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PayTic, a rising RegTech startup based in Morocco, has raised $4.4 million in fresh funding to bolster its compliance automation platform and expand its footprint across the Middle East and Africa (MEA). The funding round, led by AfricInvest with backing from Axian Venture Lab, Mistral VC, and existing investors like CDG Invest, Build Ventures, Concrete VC, and ICP Ventures, brings the fintech’s total funding to $7.4 million.
Unlike many consumer-facing fintech startups, PayTic operates in the critical backend layer of the financial ecosystem, delivering Regulatory technology solutions that help banks, card issuers, and payment processors automate operational workflows, ensure regulatory compliance, and manage financial crime prevention mechanisms like fraud and chargebacks.
Founded in 2020 by Imad Boumahdi, PayTic’s cloud-native, no-code SaaS platform serves as an operating system for payment operations. The platform enables financial institutions to streamline complex processes such as transaction reconciliation, chargeback resolution, KYC and AML compliance, and risk assessment, while maintaining internal controls and meeting regulatory requirements at scale.
“The challenges we address are invisible to end-users but absolutely mission-critical for financial institutions,” Boumahdi shared. “We’ve built a compliance-first, no-code system that turns operational pain points into automated, scalable workflows.”
The platform integrates directly with banks’ and payment firms’ backend infrastructure, providing a centralized dashboard for real-time compliance monitoring, regulatory reporting, and workflow automation. PayTic monetizes through subscription fees, volume-based pricing, and revenue-sharing agreements, aligning its model with the scalability needs of its clients.
Currently serving over 20 institutions across Europe, the Middle East, and Africa, PayTic’s client list includes leading names such as CIH Bank, CFG Bank, and OGS (processing arm of Bank of Africa), along with BNI Madagascar and numerous emerging fintechs across the continent.
In a competitive landscape, PayTic’s primary rival is UK-based Kani Payments, known for its reconciliation tools. However, Boumahdi contends that PayTic offers a more comprehensive solution.
“Where others tackle fragments, we’ve built a full-stack, integration-free, RegTech solution—ready to be deployed across all operational functions,” he explained.
The new funding will fuel PayTic’s expansion into priority markets like Nigeria, a regional hub for RegTech innovations and digital financial services. With a growing demand for compliance workflow automation and regulatory intelligence platforms, Nigeria represents a pivotal market for the next phase of PayTic’s scale-up journey.
“We’re already in discussions with Nigerian fintechs,” Boumahdi added. “It’s a dynamic market actively seeking scalable risk management tools and regulatory compliance software.”
As financial ecosystems across Africa and the Middle East become more sophisticated, Regulatory change management and compliance as a service are shifting from optional investments to strategic imperatives. PayTic’s holistic approach positions it to lead this transformation by embedding RegTech infrastructure at the core of payment operations.
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