Talaty has announced a strategic investment from Witamax in collaboration with Renew Capital.
The startup is a Moroccan fintech company that supports SME financing using artificial intelligence.
This collaboration between both parties reflects the growing interest in using technology to address the challenges of financial inclusion in Morocco and Francophone Africa.
Talaty was founded in 2022 by Suleiman Al-Harshi, Simo Bernoussi, Elias Oudghari, and Zakaria A.
It offers a cutting-edge platform that combines advanced AI technologies with insights from behavioral finance to simplify credit assessment processes.
The platform aims to reduce operational costs, reduce costs for financial institutions, reduce default rates up to 90%, and promote financial inclusion by addressing systemic barriers that limit the growth of SMEs.
Talaty’s innovative solutions provide financial institutions with the ability to provide instant loans, enabling small and medium-sized businesses that are not served by traditional banking systems.
Talaty’s Strategic Vision for Growth
The investment by Witamax and Renew Capital reflects their shared commitment to empowering local businesses and promoting sustainable economic growth.
Hiba Marani Al-Alawi, Managing Partner at Witamax, said: “This investment represents an important step towards expanding AI-powered financing solutions in Morocco and Francophone Africa.
“We are delighted to partner with Talaty and support its journey to improve access to credit for underserved populations.”
SMEs are the backbone of economies in Morocco and Francophone Africa, but limited access to credit is a major barrier to their growth.
Talaty sets a new standard for similar initiatives in the region’s fintech sector by reducing inefficiencies and improving creditworthiness assessment processes.
With the support of Witamax and Renew Capital, Talaty plans to do the following:
- Strengthen its presence in the Moroccan market to consolidate its position locally.
- Expand into neighbouring markets and explore new opportunities in Francophone Africa.
- Improve technology and impact by developing AI solutions to maximize efficiency and scale.
Talaty is a role model for African fintech startups seeking to solve chronic economic problems using advanced technology. As the company expands, it aims to create a more inclusive financial system and achieve sustainable growth in Morocco and beyond.
This partnership positions Talaty as a leader in AI-powered financing solutions, paving the way for a radical transformation in SME financing in Francophone Africa.
