Expensify
Software company that develops a travel and expense web and mobile application for personal and business use.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | $27.0m Valuation: $2.2b 15.3x EV/Revenue -431.3x EV/EBITDA | IPO |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 62 % | 19 % | (11 %) | (8 %) | 3 % | 2 % | 2 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (4 %) | (6 %) | (19 %) | 4 % | 18 % | 28 % | 31 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (9 %) | (16 %) | (28 %) | (7 %) | (9 %) | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 8 % | 8 % | 16 % | 18 % | - | - | - |
Source: Company filings or news article, Equity research estimates
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Expensify's story begins in 2008, when David Barrett, a seasoned programmer, founded the company in San Francisco. Barrett, who had a knack for simplifying complex processes, saw an opportunity to streamline the cumbersome task of expense reporting. His vision was to create a user-friendly platform that would automate the process of tracking and managing expenses for businesses and individuals alike.
Under Barrett's leadership, Expensify quickly gained traction. The platform's intuitive design and powerful features attracted a growing user base, and the company expanded its offerings to include features like receipt scanning and real-time expense reporting. This innovation set Expensify apart in the competitive fintech landscape.
In 2021, Expensify reached a significant milestone by going public. The company's Initial Public Offering (IPO) was a testament to its growth and success in the financial technology sector. The IPO not only provided Expensify with additional capital to fuel its expansion but also solidified its position as a leader in expense management solutions.
Today, Expensify continues to evolve, driven by its mission to simplify expense management for businesses of all sizes. With a commitment to innovation and customer satisfaction, Expensify remains at the forefront of the industry, helping millions of users worldwide manage their expenses with ease.