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Medius plans to acquire Expensya
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Jun 7, 2023
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Business Expense Management

Business Expense Management

Jun 7, 2023

Medius plans to acquire Expensya

M&A

  • Medius, a payout automation platform, has announced its intent to acquire card and non-card expense management solutions provider Expensya for an undisclosed sum. This acquisition is reportedly one of the largest in the MENA region.

  • Medius will look to leverage the complementary geographic and product strengths it has with Expensya to cross-sell the platforms. Moreover, Medius can benefit from Expensya’s presence in France to take advantage of the French e-invoicing mandate. 

  • Expensya caters to more than 6,000 customers and has over 700,000 active users across 100+ countries. Meanwhile, the company’s recurring revenue has reportedly more than doubled over the past two years. 

  • Analyst QuickTake: Through the acquisition, Medius gets exposure to card and non-card business expense solutions, making it present across all three identified segments in the business expense management industry. Other notable players with such exposure include Expensify , Ramp , and Pleo , among others. 

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