Expensify Strengths, Domain Expertise, and Key Differentiators
Expensify's strengths lie in its extensive product portfolio and commitment to automation. The Expensify Card, introduced in 2019, exemplifies their drive for innovation, providing a seamless expense entry process with every swipe. Expensify is a widely-used receipt tracking and expense management app.
Expensify Recent Developments
In a landmark move, Expensify went public in November 2021, listing on the Nasdaq under the ticker “EXFY”. The company, recognized as a payments superapp, simplifies global money management across expenses, corporate cards, and bills. A testament to its continuous innovation, Expensify announced a powerful integration with Booking.com for Business on December 12, 2023, further solidifying its position in the market.
Expensify Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Expensify applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Expensify and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Expensify customers.
Expensify Overview
401 SW 5th Ave
Portland, OR, 97204, United States
1 971-365-3939
https://www.expensify.com/
Ownership: - NASDAQ: EXFY
Number of Employees: 138
Functional Markets: ERP Financial,
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Expensify Key Enterprise and Cloud Applications
Expensify
Expensify Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Expensify Revenue Breakdown By Type, $M:
Expensify Enterprise Applications Revenues By Functional Markets, $M:
Expensify Enterprise Applications Revenues By Verticals, $M:
Expensify Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Expensify Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Expensify Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Expensify Customers
No. of Expensify Customers: 50000
No. of Expensify Enterprise Applications Customers: 50000
No. of Expensify Cloud Customers: 50000
No. of Expensify Cloud Subscribers: 12 million
With an impressive customer base that includes Anaplan, Atlassian Philippines Inc, Deliveroo, Denihan Hospitality Group, EF Education First, Lyft, Inc., and others, Expensify has successfully catered to diverse industries and regions.
Expensify Market Opportunities, M&A and Geo Expansions
Expensify has identified market opportunities with the launch of its Free Plan for small businesses in October 2021. This plan offers a range of features, including customizable Expensify Cards, cashback incentives, and next-day ACH reimbursements, catering to the evolving needs of small businesses. The opening of a new office in London further signifies the company's strategic move towards global expansion.
Expensify Risks and Challenges
Despite its successes, Expensify faces challenges related to accountability and scrutiny as a public company. Additionally, competition with SAP’s Concur in the expense management space adds a layer of competition.
Expensify Ecosystem, Partners, Resellers and SI
Expensify's ecosystem revolves around strategic partnerships and integrations. Recognized as NetSuite’s Innovation Partner of the Year, Expensify has integrated with startups like TripActions, HR platform Gusto, and VAT recovery providers Global VaTax and Taxback International. Notable partnerships with major companies worldwide, including Blackberry, IDEO, WWF, and Canva, showcase Expensify's strong position in the market.
Expensify Cloud Infrastructure Insights
Subscribe to read more about:
- Expensify Public Cloud and Infrastructure (IaaS)
- Expensify Platform (PaaS)
- Expensify Application Delivery
- Expensify Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
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