Morocco Fintech PayLik Raises Funds from 212 Founders
This marks the fintech's second funding round in less than 6 months.
Morroco-based fintech PayLik raised an undisclosed round from 212 Founders by CDG Invest, 212 Founders announced in a statement (French). [1]
PayLik facilitates salary payment options to streamline salary advance management by allowing employees to access portions of their salaries throughout the month using a prepaid card, with a process that can be managed through its mobile app. The fintech also provides individuals tools for budget management and financial education tools to help individuals manage their income and expenses.
PayLik aims to support HR and finance departments by facilitating advance payments and helping companies bolster their relationships with employees. The company previously announced plans to expand into tech-based financial services, including loan alternatives, budget management coaching, salary savings, and bill payment, among other things.
In October, PayLik, which was founded in 2021, raised an undisclosed amount from Mohamed VI Polytechnic University’s investment arm UM6P Ventures.