Summary:

On 7 June 2023, Sweden-based accounts-payable software provider Medius announced plans to acquire Paris-based, Tunisian-founded expense management software as a service (SaaS) provider Expensya.  The sale price was not disclosed but was rumored to be in the hundreds of millions of dollars.

Expensya was founded in 2014 by Tunisians Karim Jouini and Jihed Othmani. While the firm was founded in Tunisia, it was eventually moved to France, with much of its 200 staff continuing to work out of an office in Tunis.

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