About Fyle
Fyle is a company based in Bengaluru (India) founded in 2016 by Yashwanth Madhusudan and Sivaramakrishnan Narayanan was acquired by Sage Group in August 2025. Fyle has raised $15.36 million across 6 funding rounds from investors including Freshworks, Sage Group and Pravega Ventures. The company has 104 employees as of April 01, 2024. Fyle offers products and services including Expense Automation, Receipt Tracking, Expense Workflows, and Card Reconciliation. Fyle operates in a competitive market with competitors including Brex, Ramp, Navan, Airbase and Emburse, among others.
- Headquarter Bengaluru, India
- Employees 104 as on 01 Apr, 2024
- Founders Yashwanth Madhusudan, Sivaramakrishnan Narayanan
- Stage Minicorn
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Sectors
Travel & HospitalityTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Fyle Technologies Private Limited
- Date of Incorporation 16 Feb, 2016
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.81 M (USD)57.56as on Mar 31, 2023
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Net Profit
-$1.61 M (USD)-8.84as on Mar 31, 2023
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EBITDA
-$1.43 M (USD)-5.71as on Mar 31, 2023
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Total Equity Funding
$15.36 M (USD)
in 6 rounds
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Latest Funding Round
$4.5 M (USD), Series A
Oct 21, 2022
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Investors
Freshworks
& 23 more
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Employee Count
104
as on Apr 01, 2024
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Acquired by
Sage Group
(Aug 04, 2025)
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Products & Services of Fyle
Fyle offers a comprehensive portfolio of products and services, including Expense Automation, Receipt Tracking, Expense Workflows, and Card Reconciliation.
Automates data extraction from receipts for efficient expense processing.
Monitors expenses from apps like Gmail and Slack for easy management.
Handles approvals and reimbursements to streamline financial operations.
Matches receipts with credit card transactions for accurate accounting.
People of Fyle
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Funding Insights of Fyle
Fyle has successfully raised a total of $15.36M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $4.5 million completed in October 2022. 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.
Investors in Fyle
Fyle has secured backing from 24 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Freshworks, Sage Group and Pravega Ventures.
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Venture and private equity investments are managed with global diversification.
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Financial services, strategic advisory, and partnerships in investments.
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Early-stage venture capital fund
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Investor details for Fyle
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Investments & Acquisitions by Fyle
Investment portfolio details for Fyle
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Financial Statements - Fyle
Detailed financials for Fyle
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Fyle Comparisons
Peer comparison for Fyle
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Competitors of Fyle
Fyle 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, Airbase and Emburse, among others.
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SaaS-driven credit card and spend management solutions platform for businesses
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Spend management and accounts payable solutions are delivered to businesses.
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Corporate travel and expense management are facilitated through SaaS platform.
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Procure-to-pay management software is offered for business operations.
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Corporate cards and expense management are offered to businesses.
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SaaS expense management solutions for business travel are provided.
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Detailed competitors of Fyle
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Latest news on Fyle
Complete news archive for Fyle
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Frequently Asked Questions about Fyle
Fyle was founded in 2016.
Fyle is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Yashwanth Madhusudan is the current CEO of Fyle. They have also founded this company.
Fyle is a funded company, having raised a total of $15.36M across 6 funding rounds to date.
As of Apr 01, 2024, the latest employee count at Fyle is 104.
Annual revenue of Fyle is $1.81M as on Mar 31, 2023.
Fyle was founded in 2016 in Bengaluru, India, within the SaaS sector focused on financial tools. Cloud-driven solutions are offered for tracking employee expenses, ensuring automated compliance, and delivering analytics for operational insights. Mail plugins are integrated to extract data from inboxes, and a mobile application is utilized for scanning paper receipts alongside travel expense monitoring. AI is applied for receipt categorization and secure cloud storage.
Fyle offers Expense Automation, Receipt Tracking, Expense Workflows, and Card Reconciliation.
Fyle has 24 investors. Key investors include Freshworks, Sage Group, Pravega Ventures, Startup Karnataka, and Tiger Global.
The valuation of Fyle is $71.02M as of Oct 2022.