EYST Technology Redefines Insurance Standards with Innovative Technology
In a rapidly evolving insurance sector where customer experience, speedy reimbursement, and fraud prevention have become major strategic challenges, startup EYST Technology, co-founded by Tunisian entrepreneur Marwen Amamou, is redefining the standards of compensation. In this context, 216 Capital announces its entry into EYST Technology's capital through a six-figure investment to support the acceleration of technological innovation and international expansion of the startup.
A Technological Breakthrough at the Heart of the Insurance Journey
Founded in 2022, EYST Technology has developed a SaaS platform that enables insurers to modernize claims compensation through the issuance of virtual bank cards credited instantly with the reimbursement amount. This technology allows policyholders to pay their expenses immediately, without having to advance the costs, thereby transforming a traditionally deferred reimbursement model into an immediate, fluid, and integrated payment experience. Accessible directly from insurers' mobile applications or web interfaces, EYST Technology's solution places the user experience at the heart of the insurance journey while providing more speed, simplicity, and transparency.
Fundraising to Accelerate Product Roadmap and International Expansion
Thanks to 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 Sales and Data,
- Prepare for international expansion in Europe, the United States, South America, the Middle East, and Asia. This new stage is expected to enable EYST Technology to consolidate its position in the digital insurance market while accelerating the deployment of its technology among international insurance players.
"EYST Technology addresses a structural challenge in the insurance sector with a technological solution capable of deeply transforming the compensation experience. Their ability to combine instant payment, data exploitation, and risk management constitutes a strong competitive advantage in a rapidly evolving market," says Dhekra Khelifi, Partner at 216 Capital.
