Tunisia : Swiver raises about TND500,000 for its development

Swiver, a Tunisian cloud accounting service provider, raised about TND 500,000 from Compagnie d’Assurance et de Réassurance Tuniso-Européenne (Carte).

These funds will help the company extend its services to other countries in Africa. “These funds will strengthen our business capabilities. We will offer new online services, like monthly tax returns, to our clients. Our company is planning to conquer new markets outside Tunisia”, Azzam Soualmia, the man who founded Swiver in 2016, said.

In 2017, Tunisian startups raised $10.5 million. The most important funds were allocated to companies operating in big data, agriculture and creative industry sectors.

Azzam Soualmia , the founder of SWIVER startup, which has developed a business management solution, has announced the successful closing of its first fundraising of nearly half a million dinars by opening its capital to the Group MAP.

Flexible and intuitive, the SWIVER solution is for micro-enterprises by allowing them to publish in one click their invoices, quotes, purchase orders and so on… and to have indicators in real time on their financial health and this, for less than 1 dinar a day.

As a true virtual assistant, SWIVER allows executives to go beyond inappropriate management tools such as Word and Excel and to focus on tasks with higher added value in consulting and financial analysis.

Commenting on the deal, Azzam Soualmia told media, “This move will enable us to strengthen our trading capabilities and offer new features to our users such as one-click publishing of withholding tax certificates and monthly tax returns from the platform. SWIVER also plans to expand into new markets outside of Tunisia. ”

In turn, Mehdi Doghri, Deputy General Manager of the CARTE Group said being “convinced of the potential of young Tunisian entrepreneurs, the CARTE Group aims to support innovative projects with high growth potential. It is within this framework that we have decided to support the SWIVER project which, beyond its innovative aspect, helps Tunisian  SMEs, pillars of our national economy to be better developed. ”


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