Tunisian smart business management solutions startup Expensya has raised EUR1 million (US$1.1 million) from private investors to allow it to step up its research and development activities, expand its sales teams and boost its international expansion.
Expensya, which processes tens of thousands of business travel and expense reports for clients worldwide and also has offices in Paris and Berlin, markets its smart business expense solution in 22 countries.
“This increase in capital will enable us to continue to invest in digital transformation, archiving and processing technologies to offer customers smart expense management,” said co-founder Karim Jouini.
“We’ll also be stepping up recruiting to expand our sales forces to best meet the needs of our customers and grow our business internationally.”
Expensya, which was founded 2014 and raised a smaller funding round last year, aims to meet the needs of today’s on-the-go professionals for a streamlined, easy-to-use business travel and expense tracking solution.
The platform leverages machine learning coupled with smart scanning, archiving and processing technology. The startup currently processes expense reports totaling over EUR1 million on a weekly basis.