The Expensya startup, which digitizes company expenses, offers companies and accounting firms cloud, web, and mobile software to report expenses, announced a fund raising of nearly one million euros (US$1.1 million) from a dozen of private investors.
According to the startup, this fund-raising will enable the increas Research and Development and support its international expansion. Founded in 2014, the startup is based on e-learning and intelligent processing to manage close to 1 million euros expenses per week from customers such as Viseo, Elior Group, TLD or Tecsidel.
"This capital increase will enable us to continue to invest in digital processing, archiving and processing technologies to make expense reports intelligent," explained Karim Jouini, cofounder of the startup. "We will also intensify the recruitment of new sales forces to best meet the needs of our customers and deploy our strategy internationally," added Jouini.
The startup services are already used in 18 different countries and the startup has offices in Tunis, Berlin and Paris. In 2016, the startup had already completed a first fundraising event in France.
Feature image via Expensya.