Expensya Raises $20 Million in Series B Funding

Expensya Raises $20 Million in Series B Funding
Source: Le Monde Informatique

Expensya, an automated payment management solution for businesses, has concluded its Series B funding round of $20 million. Two new funds, MAIF Avenir and Silicon Badia, have invested in the development of the Fintech platform, joining ISAI and Seventure, the two other funds that were raised in the previous round.

Karim Jouini and Jihed Othmani founded Expensya, the Franco-Tunisian Fintech in 2014. The startup offers a cutting-edge solution designed to support companies of all sizes in the automation of their professional expenses. By instilling new generation technologies into the business travel management process, the co-founders created the 100% mobile, zero data entry, and zero paper expense report.”

Karim Jouini, CEO of the Franco-Tunisian startup is committed to developing a responsible business model that creates value over the long term, first and foremost for its employees “This fundraising is a testament to Expensya’s performance and reflects its ambition to be THE leader in 360° expense management.”

Namek Zu’bi, Managing Partner of Silicon Badia mentioned “After evaluating several opportunities in the general space, we were very excited to find a company that has the foresight to understand what the market needs and where the industry is heading globally in terms of moving from pure expense management 1.0 tools into next generation spend management and payments solutions. Karim, Jihed and the team at Expensya have done an amazing job building an API-first collaborative platform and are in a great position to scale moving forward.”

Expensya’s goal is to accelerate its international expansion and its deployment across mainland Europe and ultimately become the leader for business expense management solutions.

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