Moroccan fintech startup Talaty raised funding to further expansion plans

Talaty, a Moroccan fintech startup that says its cutting-edge AI-driven solutions are revolutionizing financing for SMBs, has raised an undisclosed sum of money to grow both domestically and internationally.

Talaty, a state-of-the-art platform created in 2022 by Soulaimane Lahrech, Simo Bernoussi, Ilyas Oudghiri, and Zakaria E., offers financial institutions immediate lending solutions.

The company hopes to reduce operational costs and default rates by up to 90% by streamlining credit assessments through the integration of cutting-edge AI technologies with behavioral finance insights.

Now that Witamax and Renew Capital have provided funding, it will use it to expand into nearby markets and strengthen its presence in Morocco.

“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 Simo Bernoussi to support their journey as they expand and enhance access to credit for the underserved,” said Hiba Mrani Alaoui, managing partner at Witamax.