North African tech startup secures $20-million 

Tunisia-French tech startup Expensya, an automated spend management solution for businesses has raised $20-million in its most recent fundraising campaign secured from MAIF Avenir, Silicon Badi along with ISAI and Seventure.

 Expensya concludes funding round and secures $20-million

According to reports from the tech startup, the funding secured will enable the company to accelerate its international growth and expansion. In addition, the funding will assist the fintech in achieving its goals of providing the most comprehensive payment and expense management tool involving employees from expense reports, general expenses, online purchases to the daily commute and employee benefits. 

Karim Jouini, CEO and Co-Founder of Expensya comments on the funding raised.

“This fundraising is a testament to Expensya’s performance and reflects its ambition to be THE leader in 360° expense management. It is a powerful accelerator for the business expense  

automation market, offering the most comprehensive solution coupled with an optimised experience.”

Expensya

Founded in 2014 and based in Paris, Expensya is a web and mobile solution that automates expense reports management for professionals, offering a complete service to its clients to manage all their business expenses. 

The fintech’s innovative software solution allows companies to free themselves from low value-added tasks, making them more agile and resilient. Expensya intends to capitalize on its strengths and demonstrate its ability to meet new business practices through its technological expertise. 

Milène Gréhan, head of the MAIF Avenir fund attributes their investment into the fintech to its commitment to an effective business model and offering for clients.

“We are very pleased and proud to be supporting the growth of Expensya, whose solution accompanies the transformation of the professional environment and strengthens organizations to make them more sustainable. We have been impressed by the company’s progress and performance since its founding and share the vision of its leader who is committed to corporate citizenship.” 

Read more: Kenyan edtech Kidato secures $1.4-million
Read more: SA legal tech startups receive funding 

Featured image: Expensya team (Supplied)

Ishani Chetty: Editor
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