About Expensify
Expensify is a financial services company that provides an online expense management service for businesses.
Headquarters
Expensify, San Francisco
Founded
2008-05-01
Industry
Accounting, Enterprise Applications, Enterprise Software, Financial Services, FinTech
Last Funding Type
Debt Financing
Valuation
2
Total Funding
$138.20 million dollars
IPO Status
Public
Financial
Expensify, Inc. is focused on enhancing online expense management through various technological advancements. They are developing systems for aggregating and presenting financial information by transforming electronic purchase data into visual formats. Additionally, they are improving transaction record processing by extracting information from images and executing transactions based on message content. Expensify is also innovating in location-based services, verifying user locations for transaction services and enabling map content generation. Furthermore, they are advancing chat management systems by identifying word patterns for plugin matching and implementing secondary authorizations for prepaid transactions.
Expensify is set to introduce travel booking and management features to its financial management platform. The company has also partnered with Spotana to launch Expensify Travel, a business travel booking platform. Additionally, Expensify reported a revenue of $33.5 million for Q1 2024, a 16% decrease year-over-year, and recorded a net loss of $3.8 million.
Expensify is set to introduce travel booking and management features to its financial management platform. The company has also partnered with Spotana to launch Expensify Travel, a business travel booking platform. Additionally, Expensify reported a revenue of $33.5 million for Q1 2024, a 16% decrease year-over-year, and recorded a net loss of $3.8 million.
Funding Rounds
9
Number of Lead Investors
5
Total Funding Amount
$138.20 million dollars
Number of Investors
15