Charlottetown-based Paytic has acquired GUPPY-AI for an undisclosed price, a move that has led to the launch of a new product suite called PayTic Intelligent Components.

The companies announced the development Wednesday in LinkedIn posts, with Paytic describing the launch as a milestone for the financial payments industry.

“Paytic Intelligent Components marks a defining milestone — shaped by the strategic acquisition of GUPPY-AI and driven by bold decisions,” the company said. It added that the new offering is intended to deliver “smarter, faster, more intelligent infrastructure” for payment operations.

CEO Imad Boumahdi founded PayTic in 2020 on the premise that most fintech solutions address the way end-users interact with financial companies. What he set out to do was to improve the efficiency of these companies in processing payments at the back end. Now his state-of-the-art payments operation system is being paired with London-based GUPPY-AI’s agentic AI capabilities.

“GUPPY is entering a new phase of growth, bringing together Paytic’s best-in-class data operating system with Guppy’s agentic AI core, combined with the deep domain expertise of both teams,” said the British company in its post.

Paytic said the new platform represents more than a rebrand, positioning it as a broader shift in how payment operations are managed. According to the company, the system is designed to support the full lifecycle of payment operations, from system development to execution and large-scale operational management.

In April 2025, Paytic announced it had closed a US$4 million extension of its seed round. The financing was backed by investors including Build Ventures, Concrete Ventures and Island Capital Partners, and was led by AfricInvest through its Cathay AfricInvest Innovation Fund. Additional participants included Axian Group and Mistral. The round followed an earlier $2.95 million raise in 2022.

The company has said its platform automates and modernizes daily payment operations, helping financial institutions scale while reducing reliance on manual processes. It has also highlighted payment reconciliation as a key area of focus, aiming to simplify the process of matching transaction records across systems.