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How Expensify Grew Bottom Up to About 45,000 Paying Companies: Profitable and Running No Ads in December 2017 (Interview with David Barrett)

David Barrett (Founder of Expensify) spoke to Nathan Latka in December 2017.

Expensify figures from the interview

Paying Companies (2017)
45,000
Paid Advertising Spend (2017)
$0
Total Funding Raised
$27M
Team Size (2017)
110
“So Expensify is pretty straightforward. It's a mobile app for business travelers. You take a picture of your receipts. We read all the information off the receipt automatically, so there's no typing involved, and then we'll submit to your company for reimbursement. And so we get you paid the very next day for the Starbucks purchase you made today.”
“I would say our entire business model, and I would say the way that we differentiate is by acquiring the individual first. And then so that's why the product has to be so good for the end users, because the end users are champion. They're the person who pulls us into the organization and then promotes us to the top of the organization.”
“We're profitable. So we just, we're off that whole bandwagon.”

Read the interview →Watch the recording →

Bio

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.

Company

Expensify

San Francisco, United States · Founded 2008

Revenue
$142.1M
Funding
$27.2M
Team size
117
Customers
39.7K

Company profile →CEO interview →