In 2023, co-founders Karim Jouini and Jihed Othmani sold their expense management startup Expensya to Swedish procurement software firm Medius in what is widely considered to be one of the largest acquisitions of an African startup. Some sources say the sum was just over $120 million, although deal terms were not disclosed.
Success achieved, both founders swore off entrepreneurship, never intending to do another startup again and Jouini became a CTO role in the merged software company,…
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https://techcrunch.com/2025/06/03/one-of-africas-most-successful-founders-is-back-with-a-new-ai-startup-and-already-raised-9m/
