Talaty founders
Witamax has joined hands with Renew Capital to invest in Talaty, a Moroccan fintech company renowned for its use of artificial intelligence in transforming financing for small and medium-sized businesses (SMBs). This partnership indicates a growing interest In deploying technology-driven solutions aimed at addressing financial inclusion challenges in Morocco and the broader Francophone Africa region. Moreover, the investment by Witamax and Renew Capital indicates a shared vision of empowering local businesses and promoting sustainable economic development.
Talaty was founded in 2022 by Soulaimane Lahrech, Simon Bernoussi, Ilyas Oudghiri and Zakaria E. The company employs its cutting edge platform to provide timely solutions to financial institutions. It deploys advanced AI technologies in conjunction with behavioral finance insights to streamline credit assessments, reducing operational costs and default rates by up to 90%.
The platform has developed into a game-changer for SMBs, especially those underserved by traditional banking systems, due to its efficiency and reliability. This innovative approach enhances access to credit and fosters financial inclusion by addressing obstacles to limited SMB growth in the region.
“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,” says Hiba Mrani Alaoui, managing partner at Witamax.
Securing financing is a significant hurdle for SMBs with many bankruptcies among these businesses stemming from payment defaults. Our AI-driven platform streamlines the process, enabling our partners to deliver timely and effective financial support to these businesses.” stated Soulaimane Lahrech, CEO of Talaty.
“Talaty is providing a much-needed solution to Morocco’s financial institutions regarding SMB financing challenges. This initiative represents a genuine stride toward financial inclusion, as it equips institutions with the necessary tools to broaden the scope of SMBs they can serve, enhancing access to essential financial services for a larger segment of the business community.”
said Nihal GRII, investment ecosystem development manager at Renew Capital.
SMBs comprises a significant portion of the Morocco and Francophone Africa. However, access to credit remains a critical bottleneck for growth. Talaty’s platform addresses these challenges by offering scalable solutions that meet the needs of both financial institutions and SMBs.
The collaboration also reflects a growing trend of investments in African fintechs that utilize advanced technologies to tackle long-standing economic issues. By focusing on reducing operational inefficiencies and improving creditworthiness assessments, Talaty’s model could serve as a blueprint for similar initiatives across the region.
As Talaty scales its operations, the company plans to deepen its footprint in Morocco while exploring opportunities to expand into neighboring markets. The backing of Witamax and Renew Capital is expected to accelerate this growth, providing the resources and expertise needed to refine its technology and broaden its impact.
