216 Capital invests in Startup EYST, the InsurTech accelerating instant claims settlement in insurance
In an insurance sector undergoing full digital transformation, where customer experience, reimbursement speed, and fraud prevention are becoming major strategic challenges, EYST Technology, co-founded by Tunisian entrepreneur Marwen Amamou, is redefining the standards of claims settlement. In this context, 216 Capital announces its entry into the capital of EYST Technology through a six-figure investment to support the startup's technological acceleration and international expansion.
A technological breakthrough at the heart of the insured's journey
Founded in 2022, EYST Technology develops a SaaS platform enabling insurers to modernize claims settlement through the issuance of virtual bank cards instantly credited with the reimbursement amount.
This technology 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 Technology's solution places user experience at the heart of the insurance journey while delivering greater speed, simplicity, and transparency.
A fundraising round to accelerate the product roadmap and international expansion
With this funding, EYST Technology plans to:
- Accelerate its product roadmap around new strategic features such as cashback, enhanced integration with insurers' information systems, and data intelligence
- Strengthen its teams, particularly in the Sales and Data divisions
- Prepare its international expansion into Europe, the United States, South America, the Middle East, and Asia.
“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 utilization, and risk management constitutes a strong competitive advantage in a rapidly evolving market," states Dhekra Khelifi, Partner at 216 Capital.
EYST already has a multidisciplinary team of engineers based in Tunisia, actively contributing to the platform's technological development. This local presence reflects the startup's commitment to leveraging Tunisian talent to support its international growth.
A platform combining payment, data, and risk management
Beyond instant reimbursements, EYST Technology differentiates itself through its technology-driven approach centered on data control and monetization.
The virtual payment cards issued by the platform notably allow:
- Restricting usage to specific spending categories or beneficiaries
- Enhancing transaction traceability
- More effectively detecting suspicious behavior through real-time data analysis
« The arrival of 216 Capital marks an important milestone for EYST. Beyond the funding, we share a common ambition: to modernize the claims settlement experience through a technology that combines instant payment, risk management, and intelligent data utilization,» states Marwen Amamou, Co-founder and CTO at EYST Technology.