Tunisian expense management startup, Expensya has raised US$1.1 million from undisclosed private investors for Research and Development (R&D) and international expansion.
Launched in 2014, Expensya’s cutting edge technology and apps, both mobile and web, make expense reporting management easy, secure, fast and smart.
The apps save employees, managers and accountants a huge amount of time and effort by helping to create, and manage, excellent reports from receipts taken via smartphone cameras.
The startup has offices in Paris, Berlin and Tunis, and operates in 22 countries including France and South Africa. Its clients include Viseo, Elior Group, Facebook, Sage, Microsoft, Orange and BpiFrance.
Last year, it raised an undisclosed amount of funds to improve its tech and expand into new markets. It will use this fresh funds for international expansion and R&D.
“This capital increase will enable us to continue to invest in digital processing, archiving and processing technologies to make expense reports intelligent,” said Karim Jouini, Expensya co-founder.
He added, “We will also intensify the recruitment of new sales forces to best meet the needs of our customers and deploy our strategy internationally.”