• Tunisia-based insurtech startup EYST Technology raised a six-figure investment from 216 Capital to support its technological expansion and international growth.
• Founded in 2022 by Marwen Amamou, Antoine Vanoverberghe and Arnaud Brodzki, EYST develops a SaaS platform that enables insurers to settle claims instantly using virtual bank cards.
• EYST plans to use the funding to expand product features, strengthen sales and data teams, and enter markets across Europe, the US, the Middle East, South America, and Asia.

Press release:

In an insurance sector undergoing full digital transformation, where customer experience, reimbursement speed, and fraud prevention are becoming major strategic challenges, EYST Technology, co-founded by Tunisian entrepreneur Marwen Amamou, is redefining the standards of claims settlement.

In this context, 216 Capital announces its entry into the capital of EYST Technology through a six-figure investment to support the startup's technological acceleration and international expansion.

A technological breakthrough at the heart of the insured's journey

Founded in 2022, EYST Technology develops a SaaS platform that enables insurers to modernise claims settlement through the issuance of virtual bank cards instantly credited with the reimbursement amount.

This technology allows policyholders to immediately cover their expenses without having to pay upfront, transforming a model traditionally based on deferred reimbursement into an immediate, seamless, and integrated payment experience.

Accessible directly from insurers' mobile applications or web interfaces, EYST Technology's solution places user experience at the heart of the insurance journey while delivering greater speed, simplicity, and transparency.

A fundraising round to accelerate the product roadmap and international expansion

With this funding, EYST Technology plans to:

• Accelerate its product roadmap around new strategic features such as cashback, enhanced integration with insurers' information systems, and data intelligence.
• Strengthen its teams, particularly in the Sales and Data divisions.
• Prepare its international expansion into Europe, the United States, South America, the Middle East, and Asia.

This new milestone will enable EYST Technology to consolidate its position in the digital insurance market while accelerating the deployment of its technology among international insurance players.

“EYST Technology addresses a structural challenge in the insurance sector with a technological solution capable of profoundly transforming the claims-settlement experience. Their ability to combine payment instantaneity, data utilisation, and risk management constitutes a strong competitive advantage in a rapidly evolving market," states Dhekra Khelifi, Partner at 216 Capital.

EYST already has a multidisciplinary team of engineers based in Tunisia, actively contributing to the platform's technological development. This local presence reflects the startup's commitment to leveraging Tunisian talent to support its international growth.

A platform combining payment, data, and risk management

Beyond instant reimbursements, EYST Technology differentiates itself through its technology-driven approach centred on data control and monetisation.

The virtual payment cards issued by the platform notably allow:

• Restricting usage to specific spending categories or beneficiaries,
• Enhancing transaction traceability,
• More effectively detecting suspicious behaviour through real-time data analysis.

This approach gives insurers access to a new layer of transactional and behavioural data to improve reimbursement tracking, fraud detection, and decision-making.

By combining payment, data intelligence, and customer experience, EYST Technology positions itself as an innovative player at the intersection of InsurTech and payment technologies.

«The arrival of 216 Capital marks an important milestone for EYST. Beyond the funding, we share a common ambition: to modernise the claims settlement experience through a technology that combines instant payment, risk management, and intelligent data utilisation», states Marwen Amamou, Co-founder and CTO at EYST Technology.