Transaction Summary
PayTic Inc. (PayTic), a Canada-based fintech company providing automated payment operations solutions, secured a $4.4 million seed extension round in April 2025. The funding was led by Cathay AfricInvest Innovation Fund (CAIF), the venture capital arm of AfricInvest, with participation from Build Ventures, Axian Group, Mistral Venture Partners, Island Capital Partners, and Concrete Ventures. PayTic’s cloud-based SaaS platform automates critical back-office functions for financial institutions, including payment reconciliation, fraud management, and regulatory reporting. This investment supports PayTic’s launch of a new "no-code reconciliation" module and accelerates its expansion in the Middle East and African markets.
Terms
- Fund Managers: Cathay AfricInvest Innovation Fund, Build Ventures, Axian Group, Mistral Venture Partners, Island Capital Partners, Concrete Ventures
- Target: PayTic Inc.
- Financing Type: Equity
- Transaction type: Investment
- Investment Type: Venture Capital
- VC Funding Round: Seed Extension
- Financing Instrument: Ordinary Shares
- Amount: $4.4 million
Transaction Rationale
This seed extension round gives PayTic the capital it needs to expand
