One of Africa’s most successful founders is back with a new AI startup and already raised $9M

One of Africa’s most successful founders is back with a new AI startup and already raised $9M

In 2023, co-founders Karim Jouini and Jihed Othmani sold their expense management startup Expensya to Swedish procurement software firm Medius in what is

After $120m Exit, Expensya Duo Launch Thunder Code and Raise $9m for AI-Powered Testing - Innovation Village | Technology, Product Reviews, Business

Just 18 months ago, Karim Jouini and Jihed Othmani had crossed the finish line of the startup marathon. Their fintech company, Expensya—an expense management platform born in Tunisia—had been acquired by Swedish software giant Medius in a deal reportedly worth over $120 million. With the sale widely regarded as one of Africa’s largest tech exits, the duo seemingly had every reason to step away from startup life. But startup life, as it turns out…

Tunisian Founders Who Sold For USD 120 M Raise USD 9 M To Do It Again—With AI

Eighteen months ago, Karim Jouini and Jihed Othmani were ready to retire from startup life, fresh off a nine-figure exit. Their expense management platform, Expensya, had just been acquired by Swedish fintech Medius in a deal reportedly worth over USD 120 M—one of Africa’s largest tech acquisitions made in Tunisia. But the pull of generative AI and a nagging sense that they had unfinished business has drawn them back into the ring. Their new sta…