Expensya, a SaaS for expense management, has raised a little over $4.5 million (€4 million) in its latest funding round, the startup told MENAbytes. The investment came from ISAI, a $175 million fund that invests in early-stage technology startups in France, and one of leading French VC firms Seventure Partners.
Founded in 2014 in Tunis by Karim Jouini and Jihed Othmani, Expensya makes it easy for companies of all sizes to manage their expense reports through its website and mobile apps. The startup had later moved its headquarters to Paris but still has most of their staff working from the Tunis office.
The traditional process of managing expense reports and requesting reimbursements has a lot of friction points. Expensya is digitising this entire process to remove all those frictions.