Expensify

company

About

Expensify is a financial services company that provides an online expense management service for businesses.

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$11M
Industries
Accounting,Enterprise Applications,Enterprise Software,Financial Services,FinTech
Founded date
May 1, 2008
Number Of Employee
101 - 250
Operating Status
Active
Stock Symbol
nasdaq:EXFY
Legal Name
Expensify, Inc.

Expensify is a financial services startup that provides an online expense management service for businesses. It is a great solution for solopreneurs, startups, SMBs, mid-market companies, and enterprises. The company's expense management service does expense reports by importing expenses and receipts from credit cards and emails in conjunction with the Expensify mobile app to take pictures of receipts. Expense reimbursement can be done in-product through ACH Direct Deposit or by exporting reports to a payroll solution. Expensify's patented SmartScan technology reads receipts and automatically creates expenses or matches them to transactions imported from a credit card.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
10
$401.20M
Expensify has raised a total of $401.20M in funding over 2 rounds. Their latest funding was raised on Nov 10, 2021 from a IPO round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 10, 2021 IPO $263M Detail
Oct 31, 2021 Debt Financing $100M 1 CIBC Innovation Banking Detail
Apr 14, 2021 Secondary Market 1 Detail
Jun 11, 2018 Debt Financing $11M 1 CIBC Detail
Jul 27, 2015 Series C $17M 4 OpenView Detail

Investors

Number of Lead Investors
Number of Investors
5
14
Expensify is funded by 14 investors. CIBC Innovation Banking and CIBC are the most recent investors.
Investor Name Lead Investor Funding Round
CIBC Innovation Banking Yes Debt Financing
CIBC Yes Debt Financing
OpenView Yes Series C
Greyrock Investments Secondary Market
Hillsven Capital Series C
PJC Series C
Redpoint Series C
Barracuda Networks Series B
Coyote Ridge Ventures Series B
NOMO Ventures Series B

Employee Profiles

Number of Employee Profiles
16
Expensify has 16 current employee profiles, including Advisor Travis Kalanick
Advisor
Employee
Board member
Board member
Board observer