Moroccan fintech startup Talaty, which claims to redefine financing for small and medium-sized enterprises (SMEs) with its innovative AI-based solutions, has secured an undisclosed amount of funding to expand in the country and abroad.
Founded in 2022 by Soulaimane Lahrech, Simo Bernoussi, Ilyas Oudghiri and Zakaria E., Talati offers a cutting-edge platform designed to provide instant lending solutions to financial institutions.
By integrating advanced AI technologies with behavioral finance insights, the company aims to streamline credit assessments, reducing operational costs and default rates by up to 90%.
It has now secured funding from Witamax and Renew Capital, which it will use to deepen its presence in Morocco while exploring opportunities to expand into neighboring markets.
“This investment marks an important milestone in our shared mission to deploy AI-based financing solutions in Morocco and French-speaking Africa, thereby strengthening the autonomy of local businesses and promoting financial inclusion. We are excited to partner with Talaty and their captains Soulaimane Lahrech Simo Bernoussi to support their journey as they expand and improve access to credit for the underserved,” said Hiba Mrani Alaoui, Managing Partner at Witamax.