Description
Expensify 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.
History
Expensify was founded in 2008 by current CEO David Barrett. Barrett, a native of Saginaw, Michigan, and a graduate of the University of Michigan, began programming at the age of six. 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. 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,[citation needed] $5.7 million in 2010, $3.5 million in 2014, and $17 million in 2015.
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. The company, which expanded its operation in Michigan in 2014 and is considered one of the largest employers in the Upper Peninsula, partnered with Gogebic Community College to offer scholarships to students in the area. In July 2015, CEO David Barrett addressed United States Congress on behalf of the app industry, speaking to a House, Health, and Technology subcommittee.
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. 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.
The company went public on 11 November 2021 under the ticker EXFY.
