Expensya raised $20 million from MAIF Avenir and Silicon badia.

France United States 30 April 2021

Expensya, a Paris, France-based SAAS developer of an automated spend management solution for businesses, announced closing a funding round of $20 million.

The money was raised from investors including MAIF Avenir, Silicon Badia, ISAI and Seventure.

The money will be used for hiring more people as the company is growing the business.

Expensya, founded in 2014 in Tunisia by Karim Jouini and Jihed Othmani, developed an expense management solution available both as a web-based tool or from a mobile app. The tool provides access to features including expense reports, general expenses, online purchases, daily commute, and employee benefits services.

Expensya says it has about 5,000 companies in approximately 100 countries.

Total investments received (USD): 25.6M