Expensify, traded on NASDAQ under the ticker EXFY, is a software-as-a-service (SaaS) company specializing in automated expense management and reporting. Its flagship platform enables employees to capture receipts via mobile app or email, automatically extract expense details through optical character recognition (OCR) and artificial intelligence, and submit streamlined expense reports. The solution is designed to eliminate manual data entry and reduce approval cycle times, serving a broad range of industries from small businesses to large enterprises.
Founded in 2008 by entrepreneur David Barrett, Expensify has grown from a simple receipt-scanning app into a comprehensive spend management suite. The company went public in 2021 via a direct listing on the Nasdaq exchange, marking a significant milestone in its growth trajectory. Over the years, Expensify has expanded its footprint beyond its San Francisco headquarters, supporting customers in more than 200 countries and territories with multi-currency functionality and compliance tools tailored to local tax regulations.
In addition to its core expense reporting capabilities, Expensify offers the Expensify Card, a corporate credit card that integrates directly with its platform to provide real-time spend visibility, automated reconciliation, and customizable policy enforcement. The company also provides travel booking services, merging itineraries and expenses into a single reporting workflow. Expensify’s open API and prebuilt integrations connect with leading accounting and enterprise resource planning (ERP) systems, including QuickBooks, Xero, NetSuite, and Sage Intacct.
Under the leadership of founder and CEO David Barrett, Expensify continues to innovate in the spend management space, emphasizing user experience, automation, and global compliance. The company’s development team remains focused on refining its machine-learning models and expanding its product ecosystem to address evolving corporate finance challenges.
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