Expensya
by Expensya
by Expensya
Profile Information Last updated on: 11 August 2024
Profile Information Last updated on: 11 August 2024
We help make selecting a software for your business effortless, economical and efficient.
by Expensya
by Expensya
Profile Information Last updated on: 11 August 2024
Profile Information Last updated on: 11 August 2024
Expensya is a fintech company specializing in automated expense management solutions. Founded in 2014, it has grown to serve over 6,000 businesses across 100 countries, with a user base of approximately 700,000 active individuals. Expensya provides comprehensive tools for managing business expenses, including expense tracking, reporting, and payment solutions, aiming to simplify financial processes for companies of all sizes
Expensya was founded by Karim Jouini and Jihed Othmani in 2014. The company originated from the founders' experiences with the cumbersome manual expense management processes they encountered in their previous roles. Initially launched in France, Expensya quickly gained traction and expanded internationally, with a significant presence in Europe. Its headquarters is now located in Paris, France, although much of its operations continue from Tunis, Tunisia.
Expensya has raised a total of $25.61 million over several funding rounds. Notable investors include MAIF Avenir, Silicon Badia, ISAI, and Seventure Partners. The company was acquired by Medius in June 2023, marking one of the largest acquisitions in the MENA region.
Expensya offers a web and mobile solution that automates expense report management. Key features include:
Expense Tracking and Reporting: Automates the process from receipt capture to archiving.
Payment Solutions: Provides virtual and physical payment cards for real-time spending.
Integration Capabilities: Integrates with ERP systems like SAP, Oracle, and Microsoft Dynamics to streamline financial processes.
The acquisition by Medius is a strategic move to enhance Expensya's capabilities in spend management. This partnership aims to integrate Expensya's employee spend management solutions with Medius's accounts payable automation platform, creating a comprehensive spend management solution for businesses.
Expensya continuously evolves its offerings to meet market demands. Recent developments include the rollout of virtual payment cards, enhancing the efficiency of business spend management. This feature allows employees to make real-time payments while adhering to company policies.
Expensya emphasizes a culture of innovation, integrity, customer-centricity, collaboration, and empowerment. The company fosters a diverse and inclusive workforce, aiming to create a positive and impactful work environment. These core values guide Expensya's operations and interactions with customers and partners.
Expensya serves a diverse range of clients, from startups to large corporations, primarily in Europe. The company has established a strong community of users who benefit from its streamlined expense management solutions. Expensya's customer stories highlight significant time savings and improved efficiency in managing expenses, underscoring the platform's value to its users.
By Expensya