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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Fintech»Moroccan fintech startup Talaty secures funding to expand domestically and internationally

    Moroccan fintech startup Talaty secures funding to expand domestically and internationally

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    By Tapiwa Matthew Mutisi on December 26, 2024 Fintech, Funding, Investments, Small Businesses, SMEs, Startups

    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.

    Moroccan B2B retail-tech startup Z secures US$1.05 million in seed funding to fuel further growth

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    Africa AI artificial intelligence (AI) Business Expansion financial services fintech Investments Operations SMBs Talaty Technology
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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