PayTic raises $4.4 million to scale SaaS platform for payment operations
- PayTic raised $4.4 million to enhance its presence in the Middle East and Africa.
- AfricInvest led the funding round with participation from Accion Venture Lab and Mistral VC.
- PayTic's total funding has reached $7.4 million.
PayTic's approach to automating back-end operations is timely and essential, especially as the financial landscape in Africa and the Middle East becomes increasingly complex. Their focus on operational efficiency could position them as a leader in a niche market that is likely to grow significantly. However, their success will depend on their ability to integrate deeply into the financial systems of new markets.
