Transaction

216 Capital's Investment in EYST Technology's Operations in Tunisia

Announced

16 May 2026

Target

EYST Technology

Value

Undisclosed

Asset class

Venture Capital

Type

Investment

Instrument

Ordinary Shares (Equity)

Lead investors

216 Capital Ventures

Investors

216 Capital Ventures

Sector

Financial services / Payments Infrastructure, FinTech Platforms (Other)

Markets

Tunisia

About the target

EYST Technology SAS (EYST) is a France-incorporated insurtech company providing a Software as a Service (SaaS) platform that enables insurers and mutual insurers to settle claims and health benefits through instantly issued virtual payment cards. Founded in 2022, with engineering operations in Tunisia, the company serves its policyholder clients through a white-label integration embedded into insurers' existing mobile applications or web interfaces. The platform transfers approved reimbursement funds onto a virtual card compatible with Google Pay and Apple Pay, allowing policyholders to pay claims directly without upfront cash outlays. The system also incorporates real-time transaction monitoring, spending category restrictions, and fraud detection capabilities. As of May 2026, EYST states it serves five major insurer accounts in France, including Generali, and is preparing international expansion into Europe, the United States, South America, the Middle East, and Asia.