Tunisian insurtech startup EYST has raised an undisclosed amount of funding from 216 Capital to support its product development and international expansion.
Founded in 2022, EYST has developed a SaaS platform enabling insurers to modernise claims settlement through the issuance of virtual bank cards instantly credited with the reimbursement amount.
This allows policyholders to immediately cover their expenses without having to pay upfront, transforming a model traditionally based on deferred reimbursement into an immediate, seamless, and integrated payment experience.
Accessible directly from insurers’ mobile applications or web interfaces, EYST’s solution places user experience at the heart of the insurance journey while delivering greater speed, simplicity, and transparency.
“The arrival of 216 Capital marks an important milestone for EYST. Beyond the funding, we share a common ambition: to modernise the claims settlement experience through a technology that combines instant payment, risk management, and intelligent data utilisation” said Marwen Amamou, co-founder and CTO at EYST Technology.
The undisclosed amount of funding by 216 Capital will support the startup’s technological acceleration and international expansion.
“EYST Technology addresses a structural challenge in the insurance sector with a technological solution capable of profoundly transforming the claims settlement experience. Their ability to combine payment instantaneity, data utilisation, and risk management constitutes a strong competitive advantage in a rapidly evolving market,” said Dhekra Khelifi, partner at 216 Capital.
