Eyst Technology

Name

Eyst Technology

Legal name

EYST TECHNOLOGY

Website

https://eyst.io

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Insurance Claims Management Software

NAICS

Claims Adjusting (524291)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Claims Management & Digital FNOL Platforms (FSAGAGAC)

akta.pro secondary industries

Identity, Fraud & Insurance-Specific RegTech Platforms (FSAGAGAJ), Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE)

Keywords

• Insurance claims software
• Virtual payment cards
• Insurtech SaaS platform
• Real-time fraud detection
• Instant claims settlement

Headquarters

HQ city

Puteaux

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS Platform Licensing: Provides insurers with a SaaS platform for instant claims settlement. Revenue generated through licensing fees paid by insurance companies for access to the virtual card issuance and fraud detection technology.
2. Technical Services: Eyst acts as technical provider to EDENRED CORPORATE PAYMENT for virtual card issuance services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Eyst Technology provides a white-label SaaS platform for insurance companies and mutual insurers that enables instant claims settlement through virtual payment cards credited in real-time. The platform integrates into the insurer's existing app and website via API and issues virtual payment cards compatible with Apple Pay and Google Pay, allowing policyholders to settle claims without advancing funds. It incorporates a real-time fraud detection algorithm that analyzes payment data, generates fraud alerts, and enables insurers to track transactions and control payment recipients.

Product overview

Eyst Technology offers a unified SaaS platform for insurance claim settlement, centered on instant virtual payment card issuance. The core Eyst Technology SaaS Platform integrates into insurers' ecosystems and enables four key modules: Instant Compensation for real-time fund transfers, Fraud Control for AI-powered fraud detection, Scoring Tool for risk assessment, and Guided Payments for payment recipient control. An Apple Pay integration allows policyholders to use virtual cards via Apple Wallet. Together, these components enable insurers to settle claims instantly without policyholder upfront payment while maintaining fraud prevention through transaction traceability.

Differentiator

Problem solved

Functional benefit

Products and services

• Eyst Technology SaaS Platform A white-label SaaS solution for insurance companies and mutual insurers that enables instant claim settlement through virtual payment cards credited in real-time. The platform integrates into the insurer's existing app and/or website via a single-call API deployable within 5 days, supports Apple Pay and Google Pay digital wallets, and provides real-time transaction tracking, fraud alerts, and payment recipient controls to combat post-compensation fraud.
• Eyst Apple Pay Integration A digital wallet integration offered as a standalone add-on to the Eyst SaaS Platform that enables insurance policyholders to tokenize their virtual payment cards into Apple Wallet and make contactless payments in stores, apps, and on websites using Apple devices.

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability2 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• EDENRED CORPORATE PAYMENTcoreTechnology or IntegrationPayment services company that issues virtual bank cards for Eyst Technology's insurance claims solution. Eyst acts as technical provider to EDENRED CORPORATE PAYMENT, which operates as the payment service provider agent.
• Apple PaycoreTechnology or IntegrationDigital wallet integration allowing policyholders to add their virtual payment card to Apple Wallet and make contactless payments using iPhone, Apple Watch, iPad, and Mac devices.
• Google PaycoreTechnology or IntegrationDigital wallet compatibility enabling policyholders to use virtual payment cards with Google Pay for contactless payments at merchants.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Lemonade: Digital-first insurance carrier using AI and instant claims settlement as core product. Comparable on the "instant payout to policyholder" value proposition Eyst pitches to incumbents, though Lemonade is itself a carrier rather than a B2B SaaS vendor.
• Stripe Issuing: API-driven virtual and physical card issuance from Stripe, used by many fintechs to power disbursement flows. Comparable as the underlying payment-rail alternative to Eyst's Edenred integration and a potential substitute or complement.

Direct peers

• Shift Technology: Paris-based AI insurtech providing fraud detection and claims automation for global insurance carriers. Direct overlap with Eyst's fraud-detection and claims-settlement proposition, and a fellow French ecosystem player targeting the same European insurance buyer.
• Tractable: AI-driven visual claims automation for property and auto insurance. Comparable as an AI claims-adjacent insurtech selling instant/accelerated settlement outcomes to carriers, though focused on computer vision rather than virtual-card payment rails.
• FRISS: Provider of fraud, risk, and compliance SaaS specifically built for P&C and health insurers. Competes head-to-head with Eyst on real-time fraud detection at the claims stage and shares the same carrier buyer persona.
• Zelros: AI platform for insurance distribution and underwriting/claims personalization. Comparable as a France-based AI insurtech selling to carriers and mutuals with similar fraud/risk and customer-experience use cases.
• Snapsheet: Cloud-based claims management and appraisal platform for auto and property insurers. Direct competitor in digitalizing and accelerating claims workflows for carriers, overlapping with Eyst's claims-settlement value proposition.
• Bdeo: Visual intelligence insurtech for claims automation across motor and home insurance in Europe and LatAm. Similar SaaS-to-carrier GTM and a focus on accelerating the claims cycle, comparable on buyer persona and digital-claims mission.
• Akur8: Paris-based AI pricing platform for insurance carriers. Comparable as a fellow French insurtech SaaS selling AI capabilities into carrier pricing/underwriting workflows with similar buyer profile and ecosystem positioning.

Emerging players

• Marqeta: Modern card-issuing platform enabling virtual and tokenized card programs via API. Comparable on the virtual-card payment-rail layer that powers Eyst's claims disbursement, though operating at the infrastructure level rather than as a verticalized insurance solution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eyst

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds3 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eyst Technology