In 2023, co-founders Karim Jouini and Jihed Othmani bought their expense administration startup Expensya to Swedish procurement software program agency Medius in what’s extensively thought of to be one of many largest acquisitions of an African startup. Some sources say the sum was simply over $120 million, though deal phrases weren’t disclosed.
Success achieved, each founders swore off entrepreneurship, by no means desiring to do one other startup once more and Jouini grew to become a CTO position within the merged software program firm, with different acquisitions spanning three continents.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
