Expensify
American expense management company From Wikipedia, the free encyclopedia
Expensify, Inc. is a software company that develops an expense management system for personal and business use. Expensify also offers a business credit card called the Expensify Card.[3]
 | This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. (March 2025) |
  | |
.jpg) Expensify's headquarters, the former First National Bank Building, in Portland, Oregon | |
| Company type | Public |
|---|---|
| Nasdaq: EXFY | |
| ISIN | US30219Q1067 |
| Industry | Expense management software |
| Founded | 2008 |
| Founder | David Barrett |
| Headquarters | , U.S. |
Key people | |
| Revenue | US$169 million (2022) |
| US$ā15 million (2022) | |
| US$ā27 million (2022) | |
| Total assets | US$210 million (2022) |
| Total equity | US$97 million (2022) |
Number of employees | 138 (December 2022) |
| Subsidiaries | Expensify Ventures |
| Website | expensify |
| Footnotes / references [2] | |
History
Summarize
Perspective
Expensify was founded in 2008 by current CEO David Barrett.[4] Barrett, a native of Saginaw, Michigan, and a graduate of the University of Michigan, began programming at the age of six.[4] He was involved in numerous tech companies prior to Expensify, including Red Swoosh.[5]
The company has completed several rounds of venture capital funding, raising $1 million in 2009,[6] $5.7 million in 2010,[6] $3.5 million in 2014,[7] and $17 million in 2015.[8]
The company, which expanded its operation in Michigan in 2014, partnered with Gogebic Community College to offer scholarships to students in the area.[4] In July 2015, CEO David Barrett addressed the United States Congress on behalf of the app industry, speaking to a House, Health, and Technology subcommittee.[9]
In November 2017, the company faced allegations of exposing some customers' personal information to contractors manually entering receipts through Amazon's Mechanical Turk service.[10] Expensify acknowledged that a bug allowed fewer than 200 receipts to be visible to certain company contractors using Mechanical Turk to test a new feature under development. The company halted the test.[11]
The company went public on 11 November 2021 under the ticker EXFY.[12] The company's stock has decreased more than 95% since its IPO. [13]
In 2023, Expensify funded an update and renovation of Portland's oldest food cart pod, located next to their Portland headquarters. It was renamed the Midtown Beer Garden.[14]
Products
Expensify has developed a reporting expense mobile and web application that is available in the Apple and Android marketplaces.[5]
Expensify allows users to download expense reports based on user transactions.[15]
Expensify Ventures
Expensify launched a venture capital arm, Expensify Ventures, as part of a $17 million round of funding the company received in early 2015. Expensify Ventures makes strategic investments in early-stage travel, payments, and finance start-ups.[8]
Political activism
On 22 October 2020, in a highly controversial letter, CEO David Barrett emailed all Expensify customers and non-customers on Expensify's marketing list worldwide, urging them to vote for U.S. presidential candidate Joe Biden.[16][17]
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.