TechCrunch
•86% Informative
Expensya, an expense management startup based in Tunis and Paris , was acquired last June by the private equity firm Medius for a sum slightly over $100 million .
The acquisition underscores the potential of Africa -founded products to serve global markets and subsequently get bought by larger companies.
The economies of the continent’s most prominent tech markets are currently grappling with currency devaluation issues.
Tunis-born but Paris -headquartered Expensya was perceived as just another SaaS company among many in Europe .
However, its employees and early investors believed they contributed to something unique in Africa and maintained a bullish outlook on its potential.
Last year , the company was acquired by Medius , a Swedish conglomerate backed by prominent European private equity firms.
For enterprise products like Expensya, growing locally can be more challenging than expanding internationally due to less market maturity and slower decision-making.
Jouini and Ribica urge founders to prioritize talent and simultaneously hire for the present and the future while sharing equity along the way and making them feel part of a journey.
VR Score
89
Informative language
89
Neutral language
62
Article tone
informal
Language
English
Language complexity
66
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
3
Source diversity
3
Affiliate links
no affiliate links