Tunisian Insurtech EYST Raises Six-Figure Investment

EYST Technology has secured a six-figure investment from 216 Capital to scale its insurtech platform that replaces delayed reimbursements with instant virtual payment cards issued at the moment a claim is approved.

Filing an insurance claim has always been one of the most frustrating experiences in financial services. The damage happens, the stress is immediate, and then begins the wait: forms, assessments, approvals, and eventually a bank transfer that arrives days or weeks after the moment it was actually needed. EYST Technology, a Tunisian insurtech founded in 2022 by Marwen Amamou, Antoine Vanoverberghe, and Arnaud Brodzki, was built around the conviction that this gap between the moment of claim and the moment of payment is not a regulatory inevitability. It is an engineering problem, and it has a solution. The company has now secured a six-figure investment from 216 Capital to scale that solution internationally.

The platform EYST has built operates as a SaaS layer that sits within an insurer's existing mobile application or web interface. When a claim is approved, instead of initiating a delayed bank transfer, the system instantly issues a virtual payment card loaded with the reimbursement amount. The policyholder can use that card immediately, including through Google Pay and other digital wallet rails, to cover the expense at the point of need rather than covering it out of pocket and waiting to be made whole later. For medical emergencies, vehicle repairs, or any time-sensitive expense, the difference between instant access and a week-long wait is not a minor improvement in user experience. It is the entire value proposition.

What separates EYST from a simple payment layer is what the platform does with the transaction data it generates. The virtual cards can be restricted to specific spending categories or approved beneficiaries, which limits fraud at the point of issuance. Real-time transaction monitoring then layers on top of that, detecting suspicious patterns and flagging anomalies as they occur rather than after the fact. The combination of instant payout, category-level spending controls, and live fraud detection turns EYST into something closer to a claims operating system than a payment tool. Insurers get faster settlement, better fraud controls, and a richer layer of transactional data to improve underwriting and decision-making. Policyholders get immediate access to funds. Both sides of the relationship benefit from the same underlying technology.

Dhekra Khelifi, partner at 216 Capital, described EYST as addressing a structural challenge within the insurance sector, with the ability to combine payment speed, data utilization, and risk management constituting a meaningful competitive advantage in a market that is changing faster than most incumbents can adapt. Amamou framed the 216 Capital investment as a shared vision, not just a financing event, one centered on transforming the claims experience by integrating instant payment, intelligent data use, and modern risk tools into a single platform.

The capital will go toward accelerating the product roadmap, including cashback services and deeper integration with insurers' core systems, expanding the sales and data teams, and preparing for international market entry across Europe, the United States, South America, the Middle East, and Asia. The engineering team is based in Tunisia, and that local talent base is an explicit strategic asset rather than a constraint. EYST is following a model that several successful North African startups have pioneered: build deep technical capability at home, price for global markets, and scale abroad without sacrificing engineering quality.

For the MENA region, EYST's expansion plans carry direct relevance. The GCC insurance market has been growing rapidly, driven by mandatory health and motor insurance requirements, rising expatriate populations, and increasing digital adoption among policyholders. The UAE and Saudi Arabia in particular are markets where digital insurance products have gained significant traction, and where insurer competition on customer experience is intensifying. A platform that can demonstrably shorten the claims settlement window from days to seconds, while simultaneously strengthening fraud controls, addresses precisely the performance dimension where regional insurers are most actively seeking differentiation.