Rabat – Sharikat Mubasher: Talaty, a Moroccan fintech, announced securing a strategic investment from Witamax and Renew Capital, however, it refrained from disclosing the amount.
Taly aims to redefine financing for small and medium-sized businesses (SMBs) with its innovative AI-driven solutions by integrating cutting-edge AI, according to an official press release.
Talaty will set a new benchmark in fintech, empowering financial institutions with the tools they need to thrive in a competitive marketplace.
With the newly raised capital, Talaty plans to grow its activities, scale its platform, and expand its innovative AI-driven credit solutions into Francophone Africa, advancing financial inclusion for SMBs across the region.
Soulaimane Lahrech, CEO of Talaty stated: "Securing financing is a significant hurdle for SMBs with many bankruptcies among these businesses stemming from payment defaults. 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, said: “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, as it equips institutions with the necessary tools to broaden the scope of SMBs they can serve, enhancing access to essential financial services for a larger segment of the business community.”
