Our Fund I portfolio company, PayTic, secures $4M to expand its automated payment reconciliation platform, modernizing financial operations across Europe, Africa, the Middle East, and beyond.
Paytic, a fintech company modernizing payment operations for banks, fintechs, and processors has secured $4 million in seed extension funding. The investment round was led by AfricInvest through their Cathay AfricInvest Innovation Fund (CAIF), with participation from Build Ventures, Axian Group, Mistral, Island Capital Partners, and Concrete.
Paytic is a B2B fintechh company streamlining payment backoffice operations for banks, fintechs, and payment processors, addressing a significant untapped global opportunity. The company's solution automates and modernizes day-to-day backoffice operations for financial institutions, spanning reconciliation, chargebacks, and fraud management to eliminate manual processes, enable scalability, and ensure compliance.
Paytic serves clients in Morocco/Africa, the Middle East, the UK/Europe, and North America, and has quickly distinguished itself as a key player in the industry. The company is led by a strong team of founders with deep industry expertise and a bold vision to change the industry.
We are bullish about the transformative potential of Paytic and are eager to continue supporting its founder and team in building a global category leader, from Africa to the world.
Read more: https://techafricanews.com/2025/04/15/paytic-secures-4m-to-scale-payment-reconciliation-innovation-globally/