Английская Википедия:Expensify
Шаблон:Short description Шаблон:Infobox company Expensify, Inc. is a software company that develops an expense management system for personal and business use. Expensify also offers a business credit card called the Expensify Card.[1]
History
Expensify was founded in 2008 by current CEO David Barrett.[2] Barrett, a native of Saginaw, Michigan, and a graduate of the University of Michigan, began programming at the age of six.[2] He was involved in numerous tech companies prior to Expensify, including Red Swoosh, for which he developed the file transfer technology. Red Swoosh was later purchased by Akamai Technologies.[3] Barrett has said he founded Expensify because of his "hatred" of expense reports--the company's slogan is "Expense reports that don't suck!"
The company has completed several rounds of venture capital funding, raising $1 million in 2009,[4] $5.7 million in 2010,[4] $3.5 million in 2014,[5] and $17 million in 2015.[6]
Expensify has offices in San Francisco; Portland, Oregon; London, U.K.; Melbourne, Australia; and Ironwood, Michigan, an office opened in a nod to Barrett's Michigan roots.[7] The company, which expanded its operation in Michigan in 2014, partnered with Gogebic Community College to offer scholarships to students in the area.[2] In July 2015, CEO David Barrett addressed United States Congress on behalf of the app industry, speaking to a House, Health, and Technology subcommittee.[8]
In November 2017, the company faced allegations that it had exposed some customers' personal information to contractors manually entering receipts through Amazon's Mechanical Turk service.[9] Expensify acknowledged that a bug allowed fewer than 200 receipts to be visible to certain company contractors using Mechanical Turk to test a new feature under development. The company halted the test.[10]
The company went public on 11 November 2021 under the ticker EXFY.[11] The company's stock has gone down more than 95% since its IPO. [12]
Products
Expensify has developed a reporting expense mobile and web application available in the Apple and Android marketplaces.[3][13] The app tracks and files expenses such as fuel, travel, and meals; once users photograph receipts, artificial intelligence identifies the merchant, date and amount of the transaction, then automatically categorizes and saves the expense.[13][14] It also allows users to create receipts from online purchases that can be submitted for reimbursement.[15][16]
Expensify allows users to download expense reports based on user transactions.[17] It also integrates with other financial applications and can also automatically import expenses incurred with partner companies.[18]
Expensify Ventures
Expensify launched a venture capital arm, Expensify Ventures, as part of a $17 million round of funding the company received in early 2015. Expensify Ventures makes strategic investments in early-stage travel, payments, and finance start-ups.[6]
Political activism
On 22 October 2020, in a highly controversial letter, CEO David Barrett emailed all Expensify customers and non-customers on Expensify's marketing list worldwide, urging them to vote for U.S. presidential candidate Joe Biden.[19][20][21][22]
Awards and recognition
- Tabby Award, 2018[23]
- Readers Choice Award-Expense & Travel Management Solutions, CPA Practice Advisor, 2018[24]
- Forbes Cloud 100, 2016[25]
- World's Top 10 Most Innovative Companies, Fast Company, 2015[26]
- Tabby Award, 2015[27]
- Top 10 Free Mobile Sales App, Inc. Magazine, 2014[28]
Competitors
- ExpenseOnDemand
- Coupa
- Expedia Group's Corporate Travel
- Navan
- Snowfall
References
External links
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- Английская Википедия
- Software companies of the United States
- American companies established in 2008
- Software companies established in 2008
- Companies based in San Francisco
- Expense management
- Software companies based in the San Francisco Bay Area
- 2021 initial public offerings
- Companies listed on the Nasdaq
- 2008 establishments in California
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