Redefining Insurance: EYST’s Approach to Instant Claims Reimbursement

EYST Technology, a Tunisian insurtech startup founded in 2022 by Marwen Amamou, has announced a six-figure funding round led by 216 Capital. This investment signals growing confidence in Africa’s insurtech sector and EYST’s innovative approach to claims settlement.

The core of EYST’s solution is its SaaS platform that enables insurers to issue virtual bank cards loaded with reimbursement amounts directly to policyholders. This bypasses the traditional delayed payment process, allowing customers to pay expenses immediately without first covering them out-of-pocket.

Why Claims Payment Matters

The claims settlement experience often defines a customer’s perception of an insurance provider. Delays and paperwork create friction that can overshadow even successful policy outcomes. EYST addresses this by moving reimbursement into the payment flow itself, issuing virtual cards accessible through mobile apps or websites.

This isn’t just about speed; it’s about control. The platform allows insurers to set spending limits, designate beneficiaries, and track transactions in real-time—all while providing a seamless consumer experience.

Beyond Automation: A Claims Operating Layer

What distinguishes EYST from simple claims automation tools is its comprehensive approach. By combining instant payments with robust data tracking and risk controls, the platform functions as a “claims operating layer” that connects insurers, customers, and merchants in a secure ecosystem.

216 Capital highlighted this holistic design as addressing a structural problem in insurance—combining payment immediacy, data utilization, and risk management into a single solution. This positions EYST to potentially reshape how claims are handled across the industry.

With its engineering base in Tunisia, EYST is poised to expand internationally while maintaining competitive advantages in software development talent. The company’s focus on improving the customer experience at a critical touchpoint could drive wider adoption and establish instant reimbursement as an essential feature for modern insurance platforms.