Franco-Tunisian start-up Expensya raises $4.5m to expand operations

The start-up ecosystem in Northern Africa is strengthening with Egypt at the forefront. However, the other countries in the region are gearing up and bolstering their ecosystem as well, as evidenced by the recent funding round raised by the Franco-Tunisian start-up Expensya. Expensya develops web and mobile based expense management systems for other businesses. Its Series A funding round was for $4.5 million, and was led by the French fund ISAI with participation from Seventure Partners and so-called angel investors.

The money will be used to bolster the start-up’s research and development capacity, as it is already active in 60 markets worldwide – including several partnerships with European companies. Learn more about the funding, including the investors and the purpose of the funds, here.