Tunisia-based insurtech startup EYST Technology has raised a six-figure investment from 216 Capital to accelerate its technological development and support international expansion.
Founded in 2022 by Marwen Amamou, Antoine Vanoverberghe, and Arnaud Brodzki, EYST Technology develops a SaaS platform that enables insurers to modernise claims settlement through instantly issued virtual bank cards loaded with reimbursement amounts.
The platform allows policyholders to immediately pay for expenses without waiting for traditional reimbursement cycles, helping insurers improve customer experience, speed, and transparency. The solution is integrated directly into insurers’ mobile applications and web platforms.
The new funding will be used to accelerate EYST Technology’s product roadmap, including the rollout of new features such as cashback services, deeper integration with insurers’ information systems, and enhanced data intelligence capabilities. The company also plans to strengthen its sales and data teams while preparing for expansion into Europe, the United States, the Middle East, South America, and Asia.
According to the company, the platform also enhances fraud prevention and transaction monitoring through real-time data analysis. Its virtual payment cards can restrict spending categories and approved beneficiaries, enabling insurers to gain better visibility into claims-related transactions and customer behaviour.
“EYST Technology addresses a structural challenge in the insurance sector with a technological solution capable of profoundly transforming the claims-settlement experience,” said Dhekra Khelifi, Partner at 216 Capital.
She added that the startup’s ability to combine instant payments, data utilisation, and risk management creates a strong competitive advantage in the rapidly evolving insurance market.
EYST Technology currently operates with a multidisciplinary engineering team based in Tunisia, supporting the platform’s ongoing development and innovation efforts.
Commenting on the investment, Marwen Amamou, Co-founder and CTO of EYST Technology, said the partnership with 216 Capital represents a significant milestone for the company.
“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,” he said.
By combining payments infrastructure, data intelligence, and insurance technology, EYST Technology is positioning itself at the intersection of InsurTech and embedded payment solutions as it scales internationally.
