Tunis Startup EYST Raises Funding to Scale Instant Claims Platform

STARTUP VENTURE CAPITALMay 22, 2026 at 12:55 PM UTC

TLDR

EYST Technology secures six-figure investment from 216 Capital to enhance claims-settlement platform and expand globally.
EYST's software facilitates instant claim settlement through virtual bank cards, empowering policyholders to pay covered expenses without delay.
Funding to drive product roadmap acceleration, including cashback features, enhanced insurer integration, and data intelligence tools for improved customer experience and fraud prevention.

Tunisia-based insurtech startup EYST Technology raised a six-figure investment from 216 Capital to expand its claims-settlement platform and support international growth.

Founded in 2022 by Marwen Amamou, Antoine Vanoverberghe and Arnaud Brodzki, EYST develops software that allows insurers to settle claims through virtual bank cards. The cards are issued and credited with the reimbursement amount, allowing policyholders to pay for covered expenses without waiting for a later refund.

The company said the funding will help accelerate its product roadmap, including cashback, stronger integration with insurers’ systems and data intelligence tools. EYST also plans to expand its sales and data teams as it prepares to enter markets in Europe, the US, South America, the Middle East and Asia.

EYST’s platform can be accessed through insurers’ mobile apps or web portals. Beyond faster payments, the company says its system helps insurers control how funds are used, limit spending to approved categories or beneficiaries, improve transaction tracking and detect suspicious behavior using real-time data.

216 Capital said EYST is addressing a structural problem in insurance by combining instant payment, risk management and data use. EYST already has an engineering team in Tunisia supporting product development as the company seeks to sell its technology to insurance firms outside its home market.

Key Takeaways

EYST’s funding shows how insurance technology is moving closer to payments infrastructure. Claims settlement is one of the most important parts of the insurance customer experience because it is the moment when policyholders judge whether coverage works. In many markets, reimbursement is still slow, manual and hard to track. EYST’s model changes that by turning the claim payout into a controlled payment card. That can help customers avoid paying upfront, while giving insurers more control over how claims money is spent. The data layer may be just as important as the payment layer. If insurers can see where, when and how reimbursements are used, they can improve fraud detection, pricing and claims management. The opportunity is large, but selling to insurers can take time because insurance companies often have legacy systems, strict compliance rules and slow procurement cycles. EYST’s next test will be proving that its platform can integrate with insurers across several markets while meeting data, payment and regulatory requirements.

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