It was announced this Thursday that the popular Tunisiansp-French SaaS startup Expensya has brought $20M up in new assets from Paris-based MAIF Avenir and Amman-based Silicon Badia. This particular Series B round takes Expensya’s absolute raise to date to more than $25M. And it makes it the best-subsidized Tunisian startup and extraordinary compared to other supported SaaS new businesses in the MENA region right now which is more than good news for the region.
The platform was founded by Karim Jouini and Jihed Othmani back in 2014. Expensya’s online programming helps organizations to efficiently organize their expenses and that’s not all. Its web, mobile, and API-based tools make it simple for organizations, all things considered, to deal with the whole spend without investing their energy in manual assignments that are repetitive and redundant.
The app Expensya’s launched has features like allowing workers of any business to record cost reports by transferring their plans and calculations to the database. However, that is only one of the numerous highlights offered by the Tunisian startup and there are more to be expected from this amazing startup. Expensya names itself as a start to finish spend the executives programming which is very convenient. Notwithstanding an incredible arrangement of highlights, it additionally offers combinations with all the main ERP programming applications including SAP, Oracle, and Microsoft Dynamics but that’s not all it can be said about it. It also adds things like movement, banking, and diverse other business applications which is very convenient for both sides.
And along with the features, Expensya at present serves more than 5k clients in more than 100 nations which is pretty impressive for a platform like this. They also include bigger enterprises, mid-covers, independent companies, and even freelancers. In an explanation, the organization said that it has grown 100% during the pandemic, without sharing further subtleties which leads to pretty much no conclusion. It presently plans to fix things up the furthest down the line assets to speed up its current projects on product advancement and worldwide development. Expensya said that it expects to turn into the pioneer for the cost of doing business the board arrangements.
“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 optimized experience,” said the co-founder and CEO of Expnsya, Karim Jouini.
Another amazing part of the startup is that it as of now has more than 140 representatives in workplaces across four nations. Settled in Paris, the majority of Expensya’s staff works from its office in Tunis, where it was brought into the world around seven years prior, and that’s not all. With this round of financing, Expensya presently plans to add another 100 workers to its headcount in the following three years to help various capacities and reach their potential to the max which has always been their plan.
“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,” said the Managing Partner of Silicon Badia, Namek Zu’bi.