About Expensify
Expensify is a company based in San Francisco (United States) founded in 2008.. Expensify has raised $27.75 million across 4 funding rounds from investors including Barracuda, OpenView and Coyote Ridge Ventures. The company has 115 employees as of December 31, 2024. Expensify operates in a competitive market with competitors including Ramp, Brex, Navan, Wright Express and Concur, among others.
- Headquarter San Francisco, United States
- Employees 115 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyTravel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Expensify, Inc.
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Annual Revenue
$139.24 M-7.6as on Dec 31, 2024
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Net Profit
$-10.05 M75.75as on Dec 31, 2024
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EBITDA
$6.54 M123.89as on Dec 31, 2024
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Total Equity Funding
$27.75 M (USD)
in 4 rounds
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Latest Funding Round
$17.5 M (USD), Series B
Jul 27, 2015
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Investors
Barracuda
& 8 more
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Employee Count
115
as on Dec 31, 2024
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IPO & Listings of Expensify
Expensify is a publicly listed company on the NASDAQ with ticker symbol EXFY in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Expensify
Expensify has successfully raised a total of $27.75M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $17.5 million completed in July 2015. 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 4
- Last Round Series B — $17.5M
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First Round
First Round
(01 May 2009)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2015 | Amount | Series B - Expensify | Valuation | OpenView |
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| Sep, 2014 | Amount | Series B - Expensify | Valuation | Barracuda | |
| Sep, 2010 | Amount | Series A - Expensify | Valuation | Redpoint Ventures |
| 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 Expensify
Expensify has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Barracuda, OpenView and Coyote Ridge Ventures. 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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US expansion-stage companies are invested in by OpenView.
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Founded Year | Domain | Location | |
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Micro venture capital investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Seed and early-stage investments in US tech sectors are made.
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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 Expensify
| 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 |
Financial Statements - Expensify
| 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 |
Expensify Comparisons
Competitors of Expensify
Expensify 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 Ramp, Brex, Navan, Wright Express and Concur, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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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 |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
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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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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 Expensify
Frequently Asked Questions about Expensify
When was Expensify founded?
Expensify was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Expensify located?
Expensify is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Expensify a funded company?
Expensify is a funded company, having raised a total of $27.75M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5.75M, raised on May 01, 2009.
How many employees does Expensify have?
As of Dec 31, 2024, the latest employee count at Expensify is 115.
What is the annual revenue of Expensify?
Annual revenue of Expensify is $139.24M as on Dec 31, 2024.
What does Expensify do?
Expensify was founded in 2008 and is headquartered in San Francisco, United States. Operations focus on the fintech sector, providing cloud-driven tools for expense management. Services encompass expense approval processes, invoice scanning, bill payments, travel reimbursements, and the creation of business cards and expense reports. These solutions support business travelers in handling financial tasks efficiently.
Is Expensify publicly traded?
Yes, Expensify is publicly traded on NASDAQ under the ticker symbol EXFY.
Who are Expensify's investors?
Expensify has 9 investors. Key investors include Barracuda, OpenView, Coyote Ridge Ventures, PJC, and Baseline Ventures.
What is Expensify's ticker symbol?
The ticker symbol of Expensify is EXFY on NASDAQ.
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