# PayTic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paytic

- Industry: Financial Services
- Headquarters: Charlottetown, Canada
- Website: www.payticconnect.com
- Total disclosed funding: $4M
- Latest round: Seed (Mar 11, 2025)
- Investors on record: 7

## About

Based in Prince Edward Island, Canada, and founded in 2020, PayTic Inc. offers a program management platform that helps banks, credit unions, and fintech companies manage chargebacks, frauds, KYC/CDD, reconciliation, AML, etc. In April 2025, the company raised CAD 5.7 million in seed funding co-led by Africinvest, AXIAN Investment, Mistral Venture Partners, Build Ventures, Island Capital Partners, and Concrete Ventures. Other unspecified investors also participated in the round. The firm, as of August 2024, is led by its founder and CEO, Imad Bouhmadi. PayTic’s flagship product, PayTic Connect, features a drag-and-drop interface that simplifies data management and integrates seamlessly with existing systems. Key functionalities include customizable reconciliation, automatic invoice generation for BIN sponsors, and real-time exception management. This automation facilitates significant cost savings and operational improvements by reducing reliance on manual processes and spreadsheets.

The company will use the April 2025 funding to accelerate its payment operations automation and sustain its expansion and growth programs.

## Funding rounds

- Seed, Mar 11, 2025, $4M — Africinvest, CDG Invest Growth, Build Ventures, Mistral Venture Partners, Island Capital Partners, Concrete Ventures, AXIAN Investment

## Investors

- Africinvest (https://capitalatlas.ai/funds/africinvest) — Seed
- CDG Invest Growth (https://capitalatlas.ai/funds/cdg-invest-growth) — Seed
- Build Ventures (https://capitalatlas.ai/funds/build-ventures) — Seed
- Mistral Venture Partners (https://capitalatlas.ai/funds/mistral-venture-partners) — Seed
- Island Capital Partners (https://capitalatlas.ai/funds/island-capital-partners) — Seed
- Concrete Ventures (https://capitalatlas.ai/funds/concrete-ventures) — Seed
- AXIAN Investment (https://capitalatlas.ai/funds/axian-investment) — Seed