Expensify logo
Founded 2008

Expensify

2020 Revenue

$100.0M

YOY

66.67%

Funding

$28.2M

Overview

About Expensify

Expensify is a software company that develops a travel and expense web and mobile application for personal and business use.

Monthly Revenue

$8.3M

+ $3.3M (66.67%)
Total Expenses

$6.3M

=
Net Income

$2.0M

Ebidta Margin

24.00%

+
YOY Growth

66.67%

=
Rule of 40

91


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Expensify CEO David Barrett on 12/01/2020

Watch the podcast


Headquarters

88 Kearny Street San FranciscoCaliforniaUnited States

Expensify Revenue vs Funding

$Funding$Revenue

Revenue

In 2020, Expensify revenue run rate hit $100.0M in revenue.

67.00%▲$60.0M$100.0M

Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?

Expensify has raised $28.2M.

Funding DateRoundTotalValuation
07/27/2015$17.0M$147.0M
09/30/2014$3.5M$44.0M
07/09/2010$5.7M
05/26/2009$1.0M
01/05/2009$1.0M

Customers

Expensify has 50K customers.

Lifetime Months

×
Monthly ARPU

$360.0

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$4.3K

$0$4.3K024681012

Churn

Expensify has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

100.00%

Team

Employees

Expensify has 159 employees. They have 17 sales reps that carry a quota, an engineering team of 32 and a marketing team of 10.

201420152017201820192020323.00%▲100.00%▲33.00%▲9.00%▲
DistributionQty

Total Team Size

159

Engineers

32 (20%)

Sales

17 (11%)

Marketing

10 (6%)

CEO/Founder

David Barrett

David Barrett is the founder of Expensify, the lead engineer of Red Swoosh (acquired by Akamai, from which he was dramatically fired), and all around alpha geek. David started programming when he was 6 and it has been his primary activity ever since, with a brief hiatus for world travel, technical writing, project management, and now running Expensify. David is married to an opera singer, and has without question the cutest beagle known to man. http://twitter.com/expensify http://twitter.com/quinthar **UDPATE** - I'm desperate to hire good folk: check out http://we.are.expensify.com/ for more info.


CEO Q&A

What's your age?

42

Favorite online tool?

Google Docs

Favorite book?

Good to great

Favorite CEO?

Elon Musk

Advice for 20 year old self

Its possible toe veryone eles around you to be wrong


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Frequently Asked Questions about Expensify

When was Expensify founded?

Expensify was founded in 2008.


Who is the CEO of Expensify?

The CEO of Expensify is David Barrett


How many employees does Expensify have?

Expensify has 159 employees.

How much revenue does Expensify generate?

Expensify generates $100.0M in revenue.


How much funding does Expensify have?

Expensify has raised $28.2M.


Where is Expensify headquarters?

Expensify is headquartered at 88 Kearny Street San FranciscoCaliforniaUnited States

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