Fyle
Valuation
$27M
2019 Revenue
$9M
Customers
300
Funding
$10.2M
Avg ACV
$30K
Team
181
Founded
2016
How Fyle CEO Sivaramakrishnan Narayanan grew to $9M revenue and 300 customers in 2019.
Fyle is a cloud-based expense management platform that provides businesses with an easy and efficient way to manage their expenses. The company was founded in 2016 and is headquartered in Newark, Delaware. Fyle's platform uses advanced technology, including machine learning and artificial intelligence (AI), to automate the expense management process, from expense reporting to reimbursement. The platform allows employees to capture their expenses using various sources, such as emails, receipts, and credit card statements, and automatically extracts the relevant information. Fyle's platform integrates with various accounting software, making it easy for businesses to manage their expenses and maintain accurate financial records. The platform is designed to provide businesses with real-time insights into their spending patterns, enabling them to make informed decisions about their expenses. Fyle serves businesses of all sizes across multiple industries, including healthcare, finance, and retail. The company has received recognition for its innovative expense management solutions and is considered a leader in the expense management market.
Last updated
Fyle Revenue
In 2019, Fyle's revenue reached $9M. Since its launch in 2016, Fyle has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2019 | Fyle Hit $9m revenue in October 2019 | |
| 2016 | Launched with $0 revenue |
Fyle Valuation, Funding Rounds
Fyle's most recent disclosed valuation is $27M.
Fyle has raised $10.2M in total funding across 5 rounds, most recently a $4.5M Series A round in 2019.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2019 | Series A | $4.5M | - | - | |
| 2019 | Series A | $140.3K | - | - | |
| 2019 | Series A | $4M | - | - | |
| 2018 | Seed Round | $1.1M | - | - | |
| 2017 | Seed Round | $400K | - | - |
Founder / CEO
Sivaramakrishnan Narayanan
Sivaramakrishnan Narayanan is listed as Founder / CEO at Fyle.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Fyle serves 300 customers.
Fyle Employees & Team Size
Fyle employs approximately 181 people as of 2026, up from 132 in 2023, including 11 sales reps that carry a quota. It serves 300 customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 181 employees (December 2024) |
| 2024 | Reached 132 employees (October 2024) |
| 2023 | Reached 132 employees (September 2023) |
| 2023 | Reached 117 employees (July 2023) |
| 2023 | Reached 119 employees (January 2023) |
| 2022 | Reached 107 employees (January 2022) |
| 2021 | Reached 93 employees (August 2021) |
| 2019 | Reached 96 employees (October 2019) |
Frequently Asked Questions about Fyle
What is Fyle's revenue?
Fyle generates $9M in revenue.
Who is the CEO of Fyle?
The CEO of Fyle is Sivaramakrishnan Narayanan.
How much funding does Fyle have?
Fyle raised $10.2M.
How many employees does Fyle have?
Fyle has 181 employees.
Where is Fyle headquarters?
Fyle is headquartered in Newark, Delaware, United States.
Compare Fyle to the industry
Fyle operates across multiple industries. Browse revenue, funding, and growth data for Fyle in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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