Expensify

Expensify offers an app that provides a diverse range of expense and payment solutions and insights for individuals and enterprises. It offers business expense cards and reimbursement platforms with automated receipt scanning and approval workflows. Expensify also provides bill payment solutions with automated tracking, approval, and payment. 

Its corporate cards also offer benefits to users in the form of discounts when using several B2B platforms such as Stripe, AWS, Quickbooks, and Stack Overflow. Expensify can also be integrated with several third-party HR, tax, accounting, and travel platforms software.

The company follows a freemium pricing model. For business expense cards, users are charged a monthly fee per card. Non-card reimbursement and business payout management platforms are subscription-based.

In October 2023 , Expensify added a feature to its app that allows users to send and receive money, split expenses within individuals or groups, and use chat functionality, signaling the company's entry into personal finance.

Key customers and partnerships

As of October 2021, the platform had over 10 million end users, across several enterprises including La Trobe University, Swatch Group, Pinterest, and Atlassian. Moreover, Expensify reportedly had around 719,000 paid members as of November 2023. 

Funding and financials

The company’s revenue amounted to USD 150.7 million in 2023, with an adjusted EBITDA margin of 13.2%.

The company’s revenue amounted to USD 169.5 million in 2022, with an adjusted EBITDA margin of 25.1%.

The company was listed on the Nasdaq in November 2021, where it raised around USD 70 million at a USD 2.2 billion valuation.