Tunisia-founded expense management software company Expensya is to be acquired by Swedish counterpart Medius for an undisclosed sum. Its web, mobile and smart payment-card solutions automate spend management for more than 6,000 customers with 700,000 active users in more than 100 countries. The company said the acquisition of Expensya and its powerful AI-enabled, mobile-first, employee spend management capabilities would complement its own strengths in areas such as autonomous AP, payments, procurement, sourcing, contracts and supplier onboarding. “Expensya has developed a leading employee spend management solution in Europe, with innovative features and AI-powered innovation,” said Jim Lucier, CEO of Medius. “Its founders, Karim and Jihed, and its leadership team share our ambition to transform the spend management category using the power of automation and AI.

Source: The North Africa Journal June 13, 2023 06:01 UTC