Expensify Strengths, Domain Expertise, and Key Differentiators
Expensify is a widely-used receipt tracking and expense management app. Whether you’re working for yourself, managing a team, or closing the books for your clients, Expensify helps you ditch the spreadsheet so you have more time to focus on what really matters.
Expensify Recent Developments
In November 2021, Expensify went public, listing on the Nasdaq under the ticker “EXFY".
In 2019, Expensify launched Expensify Card, a free corporate card for companies that use the app. The card, though physical, is a form of extra automation, as any card swipe automatically generates an expense entry.
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.
Ownership: - EXFY
Number of Employees: 140
Functional Markets: ERP Financial,
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
Expensify Key Enterprise and Cloud Applications
Expensify Revenues, $M:
|Type/Year||2019||2020||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:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Expensify Enterprise Applications Revenues By Functional Markets, $M:
Expensify Enterprise Applications Revenues By Verticals, $M:
Expensify Revenues By Region, $M
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 Enterprise Applications Revenues, $M||2020 Cloud Applications Revenues, $M|
Expensify Direct vs Indirect sales
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Expensify Customers - Breakdown by Geo, Size, Vertical and Product
No. of Expensify Customers: 50000
No. of Expensify Enterprise Applications Customers: 50000
No. of Expensify Cloud Customers: 50000
No. of Expensify Cloud Subscribers: 10 million
Expensify has over 50000 customers worldwide. Among customers are Anaplan, Atlassian Philippines Inc, Deliveroo, Denihan Hospitality Group, EF Education First, Lyft, Inc., and others.
Expensify Market Opportunities, M&A and Geo Expansions
In October 2021, Expensify launched its Free Plan for small businesses today. The plan offers free, unlimited use of the following features: Expensify Cards in both physical and digital versions, with customizable spend limits, automatic Karma Points donations to Expensify.org, and more; Up to 2% cashback on all Expensify Card purchases through 2021, and up to 1% thereafter Next-day ACH reimbursements for cash expenses; SmartScan for an unlimited number of receipts; Invoicing and bill processing with online bank transfer and credit card collections; Chat-based corporate travel booking for flights, hotels, and rental cars. In addition to the new Free Plan, Expensify also announced that members on paid plans can earn up to 4% cashback on all Expensify Card purchases through 2021, and up to 2% thereafter.
Expensify opened a new office in London. To celebrate the opening of its UK office in London, the first in Europe, Expensify is offering new European customers its cloud-based expense reporting solution free.
Expensify Risks and Challenges
Accountability and scrutiny can become a challenge for Expensify. Public companies are public property. Expensify competes with SAP’s Concur.
Expensify Ecosystem, Partners, Resellers and SI
From a partnerships perspective, Expensify won top honors as NetSuite’s Innovation Partner of the Year and announced integrations with corporate travel management startup TripActions, HR platform Gusto, and VAT recovery providers Global VaTax and Taxback International. Expensify also became the official expense management platform of major companies around the world such as Blackberry, IDEO, WWF, Away, Bill.com, Namely, the Portland Timbers, The Greater Boston Food Bank, Monzo, Lubbock Fine, LJ Hooker, and Canva.
Expensify partnered with The Parking Spot, ParkWhiz, Pana, TRAVO, and Jettly to launch a full lineup of new travel integrations on its automation-first ReceiptBurner platform. The five new direct integrations allow certain business expenses – including corporate travel bookings, on-demand parking reservations, and even private jet airfare – to flow seamlessly into Expensify.
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
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).
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