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Tunisian expense management company Expensya to be acquired by Swedish firm

Tunisian expense management company Expensya to be acquired by Swedish firm

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Tunisia-founded expense management software company Expensya is to be acquired by Swedish counterpart Medius for an undisclosed sum.

Swedish software company Medius is set to acquire Tunisian expense management software firm Expensya for an undisclosed amount. Expensya, founded in 2014, provides a software-as-a-solution (SaaS) platform that helps businesses manage their expenses. It serves over 6,000 customers with 700,000 active users in more than 100 countries. Medius specializes in AI-driven invoice capture, processing, and payments for mid-market and enterprise accounts payable teams. The acquisition will combine Expensya's mobile-first, AI-enabled spend management capabilities with Medius' strengths in autonomous accounts payable and other areas. The companies believe their complementary geographic and product strengths will fuel growth and cross-selling opportunities in the competitive business applications market.


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