EYST Technology

Instant claims payments via virtual payment cards for insurers

Claims Technology Startup Seed

Overview

EYST Technology is a claims payment SaaS platform for insurers and mutual insurance companies, enabling instant claim settlements through the issuance of virtual prepaid payment cards. The company is headquartered in Puteaux, France with an engineering team based in Tunisia, and primarily targets European P&C and health carriers.

The platform integrates into insurers' existing mobile applications and web portals via API, generating a personalized virtual payment card within seconds of claim approval. The card is delivered to policyholders by SMS and can be used immediately through Google Pay or Apple Pay. Cards are configurable by merchant category, payment recipient, and spending limits, providing insurers with full transaction traceability and real-time fraud monitoring -- without requiring policyholders to advance funds.

Founded in 2022, EYST has reached production with five major French insurance accounts, including two international groups, and is supporting one major group's rollout at European scale as of 2025. The company raised a EUR 1.4M seed round in October 2025 from Paris Business Angels, InsurAngels, and other investors, followed by a six-figure investment from 216 Capital in May 2026 to support global expansion.

Products & Services

Instant Claims Payment Platform

A white-label SaaS platform that enables insurers to settle claims instantly by issuing virtual prepaid payment cards to policyholders at the moment a claim is approved. The card is delivered by SMS and activated in a single step, allowing immediate payment through Google Pay or Apple Pay.

Key Features

Instant virtual card issuance credited with the approved reimbursement amount
Delivery by SMS with single-step activation
Merchant category restrictions to limit card use to claim-relevant spending types
Payment recipient and spending amount controls to prevent misuse
Real-time transaction visibility for insurers as spending occurs
Real-time alerts for suspicious or out-of-scope transactions
Full payment traceability across the claims lifecycle
White-label integration into insurer mobile apps and web portals via API

Target Users: Insurers, mutual insurance companies

Fraud Detection Analytics

An embedded analytics layer that provides insurers with transactional and behavioral data on how claim payments are used. By restricting card usage to approved merchant categories and monitoring spending in real time, the platform delivers stronger anti-fraud controls than traditional cash reimbursement.