Imad Boumahdi (PayTic)
Overview
Imad Boumahdi is a prominent Moroccan entrepreneur and the founder and CEO of PayTic, a fintech company specializing in automating back-office operations for financial institutions. Established in 2020, PayTic addresses operational inefficiencies in payment processing, allowing banks and payment processors to streamline their functions and improve data management. With a mission to enhance scalability and automated decision-making, PayTic has become a valuable player in the financial technology sector, particularly in the automation of reconciliation and chargebacks for card issuers.
Recent Developments
In recent years, Imad Boumahdi and PayTic have achieved significant milestones in the fintech industry:
- July 2024: PayTic won the Accounting Tech of the Year award at the European Fintech Awards, gaining international recognition for its impactful software solutions.
- April 2025: The company secured a $4 million investment to expand its operations across Africa. This funding round, led by AfricInvest with participation from Build Ventures and Mistral, underlines increasing investor confidence in PayTic's innovative solutions.
- 2023: PayTic announced an expansion into London, indicating the company's growing presence beyond its bases in Canada and Morocco. This move accompanies its ongoing efforts to penetrate European and Middle Eastern markets.
The company's growth trajectory is supported by strategic partnerships and continuous technological improvements, enhancing its capacity to automate complex operational processes globally.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Imad-Eddine Boumahdi |
| Born | Not publicly available |
| Nationality | Moroccan |
| Occupation | Entrepreneur, CEO of PayTic |
| Known For | Founding PayTic |
| Net Worth | Not publicly available |
| Education | Master in Computer Science @ ESIG |
Early Life and Education
Imad Boumahdi's journey in the fintech world began in Morocco, where his interest in technology and finance took root. He pursued a Master in Computer Science at ESIG, which provided a solid foundation for his future career. After gaining extensive experience in the payments industry, Boumahdi's career took him from Morocco to Canada, where he further developed his expertise in payment systems and operational efficiency. This international exposure and educational background significantly shaped his career, ultimately leading to the creation of PayTic.
Career and Notable Achievements
Boumahdi's career is marked by progressive roles in the payments sector:
- 2011-2019: Worked in various capacities at Carta Worldwide, gaining invaluable experience in payment system reconciliation and operations management.
- 2020: Founded PayTic amidst the COVID-19 pandemic, focusing on back-office automation for the payments industry.
- Achievements:
- Led PayTic to secure significant investments for expansion and development.
- Gained international accolades for innovative fintech solutions, such as the European Fintech Award.
Current Work and Impact
Today, Boumahdi leads PayTic in pioneering advancements in financial technology, focusing on data-driven automation solutions. The company's impact is particularly profound in Africa and the Middle East, where it supports financial institutions in optimizing their operations and enhancing their technological infrastructures. Through strategic expansions and partnerships, PayTic continues to elevate the standards of payment automation, contributing to economic growth and financial inclusion in various markets.
Conclusion
Imad Boumahdi's work with PayTic stands out for its transformative impact on payment processing and operational efficiency within financial institutions. His leadership has propelled PayTic to international recognition, establishing it as a vital player in the fintech space. With ongoing expansions and technological advancements, PayTic is poised to shape the future of payment automation, driving innovation and efficiency in the global financial services industry.