Get Updates Now

Ushering a New Era of AI-Driven Spend Management Solutions.

Paris, 7th June 2023 - GP Bullhound acted as exclusive financial advisor to Expensya, one of the leading providers of expense management software, on its acquisition by Medius.

Paris, 7th June 2023 – GP Bullhound acted as exclusive financial advisor to Expensya, one of the leading providers of expense management software, on its acquisition by Medius.

Founded in Tunisia, in 2014 by former Microsoft software engineers Karim Jouini and Jihed Othmani, Expensya’s web, mobile and smart payment-card solutions automate spend management for more than 6,000 customers with 700,000 active users in more than 100 countries.

Medius’s software platform uses artificial intelligence to link and automate invoice capture, processing and payments for mid-market and enterprise AP teams. The acquisition of Expensya and its powerful AI-enabled, mobile-first, employee spend management capabilities will complement Medius’s strengths in areas such as autonomous AP, payments, procurement, sourcing, contracts, and supplier onboarding and will expand coverage to new markets across EMEA.

Jim Lucier, CEO of Medius comments: “Expensya, with its AI-driven spend management solution tailored for the mid-market, aligns with our vision of transforming this category using the power of automation and AI. We’re excited to welcome co-founders Karim, Jihed, their leadership team, and the entire staff to the Medius family.”

The acquisition comes after a period of impressive revenue growth for Expensya. In the past two years the company more than doubled its recurring revenue and grew its headcount to more than 200 employees based mainly in Tunisia, France and Germany. The company raised $20M in a Series B funding round in May 2021.

Karim Jouini, CEO of Expensya comments: “Organizations and their CFOs are clearly looking for one common platform to efficiently manage all their spend. By combining our employee spend management solution and payment cards, with Medius’s AP automation platform, we now cover the whole indirect spend of companies and can apply the power of AI to help finance teams to optimize cost and processes across the board. GP Bullhound has played an instrumental role throughout the process to help us secure the best possible transaction for Expensya, their shareholders and the long-term success of the combined business. We look forward to writing the next chapter of our story with Jim and the rest of the Medius team.”

Joy Sioufi, Partner at GP Bullhound commented: “We are thrilled to have assisted Expensya’s founders and shareholders in finding the ideal partner for their next phase of development. Medius and Expensya are poised to create industry-leading software for CFOs.”

This transaction is further testament to GP Bullhound’s expertise in software and FinTech, having recently advised Unblu on its acquisition by Swiss Post, Doctrine on a majority growth buyout from Summit Partners and Peugeot Invest, the investment in Ecovadis led by Astorg, General Atlantic, and Blackrock, among many others.

For enquiries, please contact:
Joy Sioufi, Partner, at
Joffrey Ezerzer, Vice President, at

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe, the US and Asia. For more information, please visit

Related Articles