Tunisia-based expense reporting startup Expensya has raised an undisclosed amount of funding in order to allow it to improve its technology and expand to new markets.
Launched in 2014, Expensya allows SMEs to more easily report their expenses by capturing them on a phone and hosting them in the cloud, allowing them to manage employee expenses and export the data to several accounting platforms.
The startup now employs almost 20 people selling its services across 23 markets, including the European Union (EU), Australia, the United States (US) and South Africa. France is the company’s biggest market. Its founder Karim Jouini said Expensya has now raised funding from Tunisian and French angel investors, as well as public investment bank Bpifrance.
“These funds will help us sustain our growth, improve our tech, and go to markets where we need higher investment, like Spain,” he said.