Tunisian insurtech startup EYST Technology has secured a six-figure investment from 216 Capital. The funding is set to accelerate the development of its SaaS platform, which offers instant insurance claim settlements through virtual payment cards.
Quick Facts
- Funding: Six-figure investment
- Investor: 216 Capital
- Founder: Marwen Amamou (2022)
- Mission: Modernize insurance claims settlement
A Digital Fix for Insurance Payouts
Founded in 2022 by Marwen Amamou, EYST Technology provides a platform for insurers to issue instantly funded virtual payment cards for claims. This model allows policyholders to immediately cover expenses without paying out-of-pocket or waiting through long reimbursement processes.
The solution integrates directly into insurers’ mobile apps and web interfaces, aiming to make the claims process faster and more transparent for the end user.
Fueling a Global Rollout
EYST will use the new capital to enhance its product, introducing features like cashback services, deeper integration with insurance systems, and improved data analytics for risk management.
The company is also planning a significant international expansion, targeting markets in Europe, the United States, South America, the Middle East, and Asia. To support this growth, EYST intends to build out its sales and data teams.
Integrating Payments, Data, and Risk
EYST’s platform combines digital payments with data intelligence and fraud prevention tools. The virtual cards allow insurers to restrict spending to approved categories or merchants, increasing transaction traceability. Real-time data analysis helps detect and flag suspicious activity.
Dhekra Khelifi noted that EYST is tackling a structural industry challenge with a technology-first approach. She stated that the startup’s blend of instant payments, data analytics, and risk management gives it a strong competitive edge in a rapidly changing market.
The startup operates with a multidisciplinary engineering team based in Tunisia, leveraging local talent to drive its global ambitions.
Marwen Amamou said the investment from 216 Capital marks an important milestone in the company’s growth.
He added that both parties share a common vision focused on transforming the insurance claims experience through solutions that combine instant payments, risk management, and intelligent data utilization.
About EYST Technology
EYST Technology is a Tunisian startup that develops a SaaS platform for the insurance industry. The company enables insurers to modernize claims settlement by issuing instantly funded virtual payment cards, allowing policyholders to cover expenses immediately without upfront payments or lengthy reimbursement procedures.
Source: 216 Capital invests in EYST Technology to power instant insurance claims settlement
