PayTic raises $2.95 million to help banks, credit unions centralize program management
October 27, 2022
May 4, 2022
Charlottetown-based PayTic has secured $2.95 million in an investment round led by Build Ventures, a venture capital firm located in Nova Scotia that invests in early-stage tech companies across Atlantic Canada.
The financing also saw the participation of Island Capital Partners, Concrete Ventures, and Outlierz Ventures.
Founded in 2020 by CEO Imad Boumahdi, PayTic’s mission is to help banks, credit unions, and other financial institutions increase control, transparency, and auditability of their payment products with less effort and cost