Expensify ends 2017 on an all-time high
Travel and expense management company Expensify released figures for 2017 showing it ended the year with the highest growth rate in its ten-year history, reports Julie Muhn at Finovate (FinTech Futures’ sister company).
Here are the highlights:
- Surpassed $100 billion processed;
- Exceeded 660 million expenses created (more than 180 million expenses were created in 2017 alone);
- Ended the year with more than 50,000 customers and five million end users across 170 countries;
- Doubled the number of companies in its partner programme.
The San Francisco-based firm also enhanced its expense reporting product by adding new features. Expensify improved its report approval workflow and has added the ability to automatically export approved reports in real time. Additionally, at the start of 2018, it introduced a new user interface.
David Barrett, founder and CEO of Expensify, says it wants to “make life easier for everyone out there who has better things to do than keep track of receipts”.
In November of last year, the company arranged a data sharing agreement with Wells Fargo.
