Moroccan fintech startup Talaty, which is revolutionizing financing for small and medium-sized businesses (SMBs) with its innovative AI-driven solutions, has successfully secured an undisclosed amount of funding to support its expansion both within Morocco and into international markets.
Founded in 2022 by Soulaimane Lahrech, Simo Bernoussi, Ilyas Oudghiri, and Zakaria E., Talaty offers a state-of-the-art platform that provides instant lending solutions to financial institutions. The platform leverages advanced artificial intelligence technologies combined with behavioral finance insights to streamline credit assessments. This approach significantly reduces operational costs and default rates by up to 90 percent, making it a game-changer in the financial sector.
The recent funding round saw investments from Witamax and Renew Capital. Talaty plans to utilize these funds to strengthen its presence in Morocco while also exploring opportunities to expand into neighboring markets.
Hiba Mrani Alaoui, managing partner at Witamax commented;
This investment marks a significant step in our shared mission to scale AI-driven financing solutions across Morocco and Francophone Africa, empowering local businesses and driving financial inclusion. We’re thrilled to partner with Talaty and their captains, Soulaimane Lahrech and Simo Bernoussi, to support their journey as they expand and enhance access to credit for the underserved.
With this new financial backing, Talaty is poised to make a substantial impact on the financial landscape, providing much-needed support to SMBs and fostering economic growth in the region.
