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Tunisian startup Expensya raises an undsiclosed seed round from local & French investors

Milcah Lukhanyu by Milcah Lukhanyu
5 years ago
in Business, Startups, Tech
5 min read
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Tunisian expense management software startup Expensya has raised an undisclosed seed round from a number of local angels as well as Bpifrance, France’s public investment bank to help it bolster its operations, up its systems and technology and hire more skilled staff in Tunisia.

Founded in Tunisia with a French (Europe) focus, Expensya streamlines how to manage professional expense reports to simplify its customers lives. It processes electronic invoices, VAT and mileage expenses through modern recognition technologies and analytics.

According to Karim Jouini, a graduate of INSA Toulouse (France) and University of Western Ontario (Canada) and the founder of Expensya, the app’s main aim is to help users forget the ‘torture’ of Excel, losing receipts, exhaustion from calculating their mileage expenses and wasting time managing their business expenses to a world where expense reports are filled automatically.
Whether one is a freelancer, an employee, a manager, an accountant or a business executive, Expensya promises to offer them an all-in-one solution to manage their business expenses, help them save time and focus on core productivity.
For  employees, Expensya does expense reports are effortlessly, helps them store receipts in the cloud, compute their mileage allowances, vehicle management, and process invoices received by email as well as in-app submitting of your expenses to your manager for approval or reports to your accountant. The app also helps employees to generate excel exports, generate a printable PDF export  and much more.
For managers, Expensya has reports management , enterprise refund flows, approval of employee spending on web and mobile, smart statistics and decisions support , real-time monitoring and management of invitations between co-workers  and much more.
With Expensya, accountants get well filled exports, their spreadsheets are adapted to accounting, get completed Expenses, automatically updated conversion rates  and much more.
Expensya can be accessed via mobile on iOS, Android and Windows Phone apps and on the web. Some of the notable features include ability to take a picture of the receipt and extract all the relevant data, ability to scan receipts via smartphone or scanner, and archiving as well as email invoice processing.

Expensya allows collaboration between employee and accountant to monitor all expenses and validate one’s expense reports, allow them easily manage the mileage costs of your personal vehicle with configurable scales and has the ability to export reports in multi-format to unlimited users with real-time analytics.

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Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

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