What makes Expensify so easy is that it can pull in your transaction records and automatically categorize them. All you need to do is register your credit cards with the platform, and the site will automatically import E-receipts. You can also take a photo of paper receipts and import it. Once your transactions are in the system, you can tag expenses and then submit the expense report to your business’s bookkeeper for reimbursement.
The new version includes a realtime analytics dashboard to show expenses by category, day, and unreported expenses. Expensify also includes customizable CSV and Excel export. The platform also now supports bulk report operations to better manage employees in large companies.The company has also added performance improvements and a new UI.
Expensify co-founder and CEO David Barrett tells us that growth was flat for the company until late last year when the company exited beta with a new version. Now the bootstrapped startup has around 150,000 users and has spend little to no money on advertising and marketing. And the company recently partnered with PayPal to launch an expense app for PayPay developers.
David Barrett founded Expensify in May 2008; Witold Stankiewicz joined him in August 2008, and together they launched an Alpha product at TechCrunch 50, taking home the “DemoPit 2nd Place” prize. In March 2009, they launched a Beta version and demoed it at FinovateStartup 2009. Expensify’s mission? Help people create expense reports that don’t suck! In May 2009, Expensify raised $1M, hired some additional engineers, and went to Istanbul for a month in order to write the award-winning Salesforce.com...