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Expensify

expensify.com

Founded Year

2008

Stage

IPO | IPO

Total Raised

$24.7M

Date of IPO

11/10/2021

Market Cap

0.64B

Stock Price

7.73

Revenue

$0000 

About Expensify

Expensify (NASDAQ: EXFY) is a provider in automated expense management. The company's mobile app streamlines the way employees report expenses, the way expenses are approved, and the way information is exported to accounting packages.

Headquarters Location

401 SW 5th Ave

Sacramento, California, 94204,

United States

Expensify's Product Videos

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Research containing Expensify

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Expensify in 3 CB Insights research briefs, most recently on Nov 3, 2022.

Expert Collections containing Expensify

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Expensify is included in 4 Expert Collections, including HR Tech.

H

HR Tech

4,028 items

S

SMB Fintech

1,584 items

F

Fintech

7,941 items

US-based companies

F

Fintech 250

250 items

250 of the top fintech companies transforming financial services

Expensify Patents

Expensify has filed 30 patents.

The 3 most popular patent topics include:

  • Payment systems
  • Credit cards
  • Debit cards
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/25/2017

11/29/2022

Planetary systems, Bing, Information retrieval genres, Desktop search engines, Planetary transit variables

Grant

Application Date

1/25/2017

Grant Date

11/29/2022

Title

Related Topics

Planetary systems, Bing, Information retrieval genres, Desktop search engines, Planetary transit variables

Status

Grant

Latest Expensify News

Out of Home Advertising up 20.7%, Exceeding Revenue Record Set Pre-COVID in 2019

Mar 28, 2023

News provided by Share this article The year's fastest-growing medium, OOH revenue hits $8.6 billion WASHINGTON, March 28, 2023 /PRNewswire/ -- Out of home (OOH) advertising revenue increased 20.7 percent in 2022 compared to the previous year, accounting for $8.6 billion, based on figures released by the Out of Home Advertising Association of America (OAAA). This marks a critical milestone for OOH, with 2022 outpacing the previous record set in 2019. The news aligns with recent research from Magna, which shows that OOH produced greater growth than any other core ad medium in the past year. A key driver for the year, the digital out of home (DOOH) segment jumped 24.2 percent compared to 2021, according to the OAAA data. This is the second consecutive year DOOH grew by over 20 percent. At the same time, OOH overall experienced double-digit growth across all four categories: Billboards, Street Furniture, Transit, and Place-Based. Focusing on the end of 2022, fourth quarter total OOH revenue increased 8.4 percent, while DOOH grew 30.5 percent over the same period in 2021. "Out of home has hit a new revenue high – one we weren't projected to reach until 2025 due to the impact of the pandemic," said Anna Bager, President and CEO, OAAA. "I credit this milestone to brands and media buyers recognizing OOH's power as a creative platform on national, regional, and hyperlocal levels. Built on a strong foundation, the medium has advanced exponentially, letting marketers tap into digital, data-led opportunities that get messages out faster than ever at scale." "After growing advertising sales by approximately more than 18 percent in 2022, the OOH industry has already caught up with its pre-COVID highs. It was part of a global recovery for OOH in 2021–2022, but the U.S. market is one of the few that completed a full recovery in less than two years. OOH media was, by far, the fastest-growing media channel last year, outperforming even digital media formats, such as search and social, in a market that grew by over 7 percent overall," added Vincent Letang, EVP, Director of Global Forecasting for Magna Global. "The perception of OOH as scalable, addressable, and brand-safe will continue to make it an attractive channel in 2023 and beyond." Ranked in order of OOH spending, the top 10 advertisers in 2022 were Apple, McDonald's, Amazon, Panera, Google, American Express, T-Mobile, Disney, Coca-Cola, and Universal Pictures. Apple's move to the top spot was the result of a 27 percent increase over the company's 2021 investment. Other key findings: 88% of the top 100 OOH advertisers increased their OOH spend from 2021 24% of the top 100 OOH advertisers more than doubled their spend, including (ranked in order of percentage increase): VRBO, Stellantis, Novo Nordisk, Pinterest, Univision, Airbnb, Pfizer, IHG, Paramount, Panera, Intel, Expensify, Hermes, Peacock, Capital One, United Airlines, Live Nation, Sony, Southwest Airlines, LVMH, Uber, Samsung, Bank of America, and L'Oreal 26% of the top 100 OOH spenders were technology or direct-to-consumer brands, including: Airbnb, Amazon, Apple, Audible, BetMGM, Carvana, ClickUp, Comcast, DoorDash, Expensify, Facebook, FanDuel, Google, GrubHub, Hulu, Intel, Live Nation, Netflix, Peacock, Pinterest, Samsung, T-Mobile, Uber, Verizon, VRBO, and William Hill OAAA issues full industry pro forma revenue estimates that include, but are not limited to, Miller Kaplan and Vivvix (which is not adjusted to reflect changes in data sources), and member company affidavits. Revenue estimates include digital and static billboard, street furniture, transit, place-based, and cinema advertising. About the OAAA The Out of Home Advertising Association of America (OAAA) is the national trade association for the entire out of home (OOH) advertising industry. OAAA represents over 800 members, including leading media companies, advertisers, agencies, ad-tech providers, and suppliers. OOH media includes billboards, street furniture, transit, place-based media, and digital formats (DOOH) across every sector of the channel. OAAA is the unifying voice for the industry, the authoritative thought leader, and the passionate advocate for advancing OOH advertising in the United States. The legislative unit of OAAA advocates for the responsible growth of OOH with federal, state, and local governments. OAAA-member media companies donate over $500 million annually in public service advertising. Founded in 1891, OAAA is headquartered in Washington, DC, with offices in New York City. SOURCE Out of Home Advertising Association of America ×

Expensify Frequently Asked Questions (FAQ)

  • When was Expensify founded?

    Expensify was founded in 2008.

  • Where is Expensify's headquarters?

    Expensify's headquarters is located at 401 SW 5th Ave, Sacramento.

  • What is Expensify's latest funding round?

    Expensify's latest funding round is IPO.

  • How much did Expensify raise?

    Expensify raised a total of $24.7M.

  • Who are the investors of Expensify?

    Investors of Expensify include Hillsven Capital, Redpoint Ventures, PJC, OpenView Venture Partners, Travis Kalanick and 4 more.

  • Who are Expensify's competitors?

    Competitors of Expensify include Teampay, Sensibill, Airbase, Adaptive, Findity, Itilite, Ramp, Pleo, Brex, Bento for Business and 22 more.

Compare Expensify to Competitors

Ramp Logo
Ramp

Ramp offers credit cards for small and medium-sized businesses (SMBs). The company aims to provide companies with higher card limits, saving opportunities, automated expense management, receipt matching, and accounting integration. It was founded in 2019 and is based in New York, New York.

Brex Logo
Brex

Brex is a B2B financial product provider that offers a corporate credit card for technology companies.

SAP Concur Logo
SAP Concur

SAP Concur is a SaaS company that provides travel, expense, and invoice management solutions. It specializes in the development of SaaS-based products that include Concur Request, Concur Expense, Concur Travel, Concur Invoice, and more. The company caters to consumer products, healthcare, financial services, and manufacturing industries. The company was founded in 1993 and is based in Bellevue, Washington.

Pleo Logo
Pleo

Pleo offers smart payment cards for employees, enabling them to buy the things they need for work and keeping the companies in control of spending. The company pairs the cards with software/mobile apps to automatically match receipts and track all spending company-wide in real-time, with analytics and accounting software integrations to boot.

M
Mesh

Mesh offers a platform for companies to oversee and manage employee expenses, and for employees to better track and manage how and where they spend money. It offers integrations with QuickBooks, Slack, NetSuite, Xero, and G Suite from Google. The company was founded in 2018 and is based in New York, New York.

Spendesk Logo
Spendesk

Spendesk aims to change the way companies manage their payments by offering a full-fledged corporate spending solution. Spendesk provides a central dashboard to track budgets, receipts, and expense approvals for European companies.

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