Moroccan-Based Fintech Talaty Raises Undisclosed Seed Round to Drive Financial Inclusion for SMEs in Morocco And Francophone Africa
Moroccan-based fintech company Talaty has received an undisclosed investment from Casablanca-based venture capital firm Witamax and Africa-focused impact investment firm Renew Capital. The funding aims to bolster financial inclusion for small and medium-sized enterprises (SMEs) in Morocco and Francophone Africa.
Founded in 2022 by Slimane Lahriche, Simo Bernoussi, Ilyas Daghiri, and Zakaria El Idrissi, Talaty specializes in providing instant lending solutions powered by artificial intelligence (AI). The platform integrates cutting-edge technologies like computer vision, text analysis, and behavioral finance to minimize costs and default rates, offering quicker and more efficient credit decisions for SMEs.
“Securing financing is a significant hurdle for small and medium businesses, with many bankruptcies stemming from payment defaults,” said Soulaimane Lahrech, CEO of Talaty. “Our AI-driven platform streamlines the process, enabling our partners to deliver timely and effective financial support to these businesses.”
Nihal GRII, Investment Ecosystem Development Manager at Renew Capital, emphasized the importance of Talaty’s approach. “Talaty is providing a much-needed solution to Morocco’s financial institutions regarding SMB financing challenges. This initiative represents a genuine stride toward financial inclusion, equipping institutions with tools to broaden the scope of SMBs they can serve, thus enhancing access to essential financial services for a larger segment of the business community.”
The investment marks a pivotal step in addressing the financing challenges faced by SMEs in the region, leveraging AI to drive sustainable economic growth.
