Franco-Tunisian fintech company Expensya, a provider of B2B expenses management solution, has raised $20M (approx €16.5M) in a fresh round of funding. The round saw investment from two new funds, MAIF Avenir and Silicon Badia. In addition, existing investors ISAI and Seventure, also participated in this round.
Namek Zu’bi, Managing Partner of Silicon Badia, says, “We were very excited to find a company that has the foresight to understand what the market needs and where the industry is heading globally in terms of moving from pure expense management 1.0 tools into next-generation spend management and payments solutions. The company has built an API-first collaborative platform and are in a great position to scale moving forward.”