Moroccan Fintech Talaty Secures Investment from Witamax
The platform incorporates computer vision, text analysis, and behavioral finance to reduce costs and default rates, enabling faster and more efficient credit decisions for SMEs.
Moroccan’s Rabat-based fintech company Talaty has secured an undisclosed investment from the Casablanca-based venture capital firm Witamax and the Africa-focused impact investment firm Renew Capital to support 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 provides instant lending solutions using artificial intelligence (AI). The platform incorporates technologies such as computer vision, text analysis, and behavioral finance to reduce costs and default rates, enabling faster and more efficient credit decisions for SMEs.
"Securing financing is a significant hurdle for small and medium businesses (SMBs) with many bankruptcies among these businesses stemming from payment defaults," stated 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, 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.”
