In 2023, co -founders Karim Juin and Jicenne They sold the starting expense management management to the Swedish Medius Software Company in what is widely regarded as one of the largest acquisitions of an African start. Some sources say the The amount was just over 120 million $although the terms of agreement were not disclosed.
Success was achieved, and the two founders swore by entrepreneurship, never intend to make another start again, and Jouini became the role of CTO in the merged software company, with other acquisitions covering three continents.
But the attraction of a new technological wave – genetic AI – and the thought that they may be able to build something even larger with them have been pulling them back.
The two have now linked Thunder codeA genetic software test platform powered by AI, which has already secured $ 9 million funding, they told TechCrunch.
“It’s very crazy because we promised not to do another company because Expensya was very tough,” Jouini said. “But I think it’s like when people have two kids, they forget how hard the first one was. This new business is less than six months and already extremely intense, but we are dismissed.
Jouini says his transition to the head of technology at Medius brought back a spark that he lost after years as a frontman of Expensya. As he supervised the incorporation of six companies into three continents, he saw firsthand how genetic AI could reshape the software industry. The test was a universal problem, regardless of the product, a realization that tightened the idea of the Thunder code.
The Thunder Code faces slow, manual tests with “agents” operating with AI mimicry of human testers. These factors simulate QA processes, fishing the subtle problems UI and UX and learn from feedback.
Determined to avoid the first errors of expensya, Jouini prioritized speed. “We have sent our first MVP a week six, and now the product is much more stable six months than expensya was in the fourth year,” he said. This reflects a widespread belief in the launch of the Earth that fast feedback sinning perfectly plans.
The Thunder Code is already gaining attraction by paying customers and pilot programs in all the US, Canada, France and Tunisia. The company works with delivery managers, QA stores and developer groups wishing to try and carry faster. Its current focus is to control web applications, with plans to expand on mobile, desktop computers and API tests by the end of 2025.
In addition to speed, Jouini’s second Rodeo also applies other hard earned lessons from expensya, such as focusing on the basic features and acquiring the best talent as soon as possible. It is unexpected for early dilution as it is related to the investment in top talents. “Many African entrepreneurs are afraid to dilute capital because they want to keep 100%. We believe that if we create a unicorn while diluting ourselves, this is a good value,” he noted.
Jouini believes, however, that AI will let the Thunder code produce value 10 times with fewer people, reflecting the broader displacement of emotion to the weakest groups powered by AI.
However, Jouini admits that the jump from managing expenses to software programmer tools was a jump despite the pain points that feel familiar. However, he considers the software test as a larger, more complex market, is projected to exceed $ 100 billion by 2027dominated by platforms based on inheritance codes such as Tricentis and Browsserserstack, which may be too late to adapt. He believes that the rapid execution of the Thunder code with AI gives him an advantage even with similar new products.
The Thunder Code, based in Paris with an office in Tunis, unites an ever -talked -about newly established business market trying to do the same with participants ranging from Uipath to newly established businesses such as Jeti, Nova AI.
It helps its co -founder, Othmani, brings deep know -how to genetic AI, making internal AI tools in Expensya years before chatgpt. Their complementary skills and the $ 9 million increased in six months set the Thunder code to move quickly and record market share, Jouini said.
The funding tour includes well -known faces from the expensya table, such as Silicon Badia and Janngo Capital, along with the Titan seed fund and strategic angels such as Roxanne Varza (director of F) and Karim Beguir, Managing Director of Instadeep, the largest AI. Former and current experts of expensya who have redeemed during the acquisition have also invested. “Some of our investors are actually expensya employees and I am glad that it worked in this way,” Jouini said.
