PayTic raises $4.4 million to scale SaaS platform for payment operations
Summary
PayTic raised $4.4 million in new funding to expand its payment operations SaaS platform across the Middle East, Africa, and new markets such as Nigeria. AfricInvest led the round, with participation from Axian Venture Lab, Mistral VC, and several existing investors. The company builds back-end software that automates reconciliation, chargebacks, fraud management, and compliance for banks, card issuers, payment processors, and fintechs. PayTic says it already serves more than 20 businesses across Europe, the Middle East, and Africa and positions itself as a no-code, integration-light operating system for payment operations.
Funding
Amount
$4.4M
Total raised
Date
April 8, 2025
Announcement date
Investors
Build Ventures, AfricInvest
Lead investors
Company
payticconnect.com
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Payments Software
SaaS
Workflow Automation
Linked Companies
Paytic
$1M to $5M