Talaty, a fintech company based in Rabat, Morocco, has secured an undisclosed investment from Casablanca-based venture capital firm Witamax and Africa-focused impact investment firm Renew Capital. The funding aims 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 utilizing artificial intelligence (AI). The platform integrates technologies such as computer vision, text analysis, and behavioral finance to reduce costs and default rates, enabling faster, more efficient credit decisions for SMEs.
“Securing financing is a significant hurdle for small and medium businesses, with many facing bankruptcy due to payment defaults,” said Slimane Lahriche, CEO of Talaty. “Our AI-driven platform simplifies the process, allowing our partners to offer timely and effective financial support to these businesses.”
Nihal GRII, Investment Ecosystem Development Manager at Renew Capital, praised Talaty’s impact, stating, “Talaty is providing a much-needed solution for Morocco’s financial institutions facing SMB financing challenges. This initiative represents a true step toward financial inclusion by equipping institutions with the tools needed to serve a broader range of SMBs, thereby improving access to essential financial services for a larger segment of the business community.”
