A Swedish procurement software firm that acquired Expensya, expanding its portfolio in the tech industry.
Karim Jouini Returns to Tech Scene with Thunder Code, a Revolutionary AI-Powered Software Testing Platform
Karim Jouini and Jihed Othmani have launched Thunder Code, a generative AI-driven software testing platform. The startup has secured $9 million in seed funding.
One of Africa’s most successful founders is back with a new AI startup and already raised $9M
Karim Jouini and Jihed Othmani sold Expensya to Medius in a notable acquisition for over $120 million. The founders vowed to avoid future startups but were drawn back by the potential of generative AI.
From InstaDeep to Paystack: Here are Africa’s biggest startup exits and how much they raised
Decline in venture investment within startup ecosystem linked to lack of exit volume and value. Number of M&A exits in Africa dropped in 2022, alongside a decrease in venture capital investment.
US HR firm Deel acquires PaySpace, a 20-year-old SA payroll provider
Deel is acquiring PaySpace, an Africa-based provider of payroll and HR software. This is the largest acquisition made by Deel and solidifies its presence in Africa.
African product, global market: Expensya employees cashed out $10M from 2023 acquisition
Expensya, an expense management startup based in Tunis and Paris, was acquired by the private equity firm Medius for over $100 million. Only a few African or Africa-focused tech companies have been acquired for more than $100 million.
