About Everlance
Everlance is a company based in San Francisco (United States) founded in 2015 was acquired by Motus in February 2025. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Everlance has raised $250 thousand across 1 funding round from investors including Motus and Financial Solutions Lab. Everlance has completed 1 acquisition, including TrackMyDrive. Everlance offers products and services including Mileage Tracking, Expense Tracking, FAVR Program, and Everlance Payments. Everlance operates in a competitive market with competitors including Brex, Ramp, Navan, Pleo and Airbase, among others.
- Headquarter San Francisco, United States
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Sectors
TechnologyTravel & Hospitality
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Phone
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Website
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Social
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- Legal Name Everlance
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Products & Services of Everlance
Everlance offers a comprehensive portfolio of products and services, including Mileage Tracking, Expense Tracking, FAVR Program, and Everlance Payments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automatic mileage logs are created for tax purposes.
Expenses are tracked automatically for easy tax filing.
Reimbursement design is managed for fixed variable rates.
Hands-free mileage payments are facilitated for users easily.
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Funding Insights of Everlance
Everlance has successfully raised a total of $250K through 1 strategic funding round. The most recent funding activity was a Seed round of $250 thousand completed in June 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $250,000
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First Round
First Round
(17 Jun 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2016 | Amount | Seed - Everlance | Valuation | Financial Solutions Lab |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Everlance
Everlance has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Motus and Financial Solutions Lab. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Fintech startups are accelerated through focused programs in Chicago.
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Technology solutions for fleet, asset, and workforce management are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Everlance
Everlance has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TrackMyDrive. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Business mileage is tracked through a smartphone application.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Everlance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Everlance Comparisons
Competitors of Everlance
Everlance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Brex, Ramp, Navan, Pleo and Airbase, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
SaaS expense management solutions for business travel are provided.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Everlance
Frequently Asked Questions about Everlance
When was Everlance founded?
Everlance was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Everlance located?
Everlance is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Everlance a funded company?
Everlance is a funded company, having raised a total of $250K across 1 funding round to date. The company's 1st funding round was a Seed of $250K, raised on Jun 17, 2016.
What does Everlance do?
Everlance is focused on providing mileage and expense tracking solutions for businesses, freelancers, and self-employed individuals. Services are offered in the financial software sector, targeting tax deduction maximization and reimbursement management. Automated tools for mileage logs, expense categorization, and IRS-compliant reporting are developed to simplify administrative tasks. Solutions are tailored for both corporate and individual use, ensuring accurate tracking and easy integration with HR systems.
What products or services does Everlance offer?
Everlance offers Mileage Tracking, Expense Tracking, FAVR Program, and Everlance Payments.
How many acquisitions has Everlance made?
Everlance has made 1 acquisition, including TrackMyDrive.
Who are Everlance's investors?
Everlance has 2 investors. Key investors include Motus, and Financial Solutions Lab.
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