Expensify

Assessment

Expensify is used by more than 15 million members, from freelancers to finance teams at mid-sized companies. Employees snap or forward a receipt and the app scans it, then creates and submits the expense report, routes it for approval, and syncs to accounting. The Expensify Visa Commercial Card earns cash back on US purchases and lowers the company’s Expensify bill, and virtual cards are free with it. Companies can also bring the corporate cards they already have, with more than 10,000 banks supported, and reimburse staff or contractors in local currency. Its main competitors are Rydoo, Spendesk, Pleo, and SAP Concur.

The company was founded in 2008 by David Barrett, who earlier led engineering at Red Swoosh. Expensify reported 2025 revenue of $142.1 million, up 2% from $139.2 million, with 117 full-time employees at year end. Interchange from the Expensify Card grew to $21.3 million from $9.2 million. It connects to more than 45 systems, including QuickBooks, NetSuite, Sage Intacct, Xero, Workday, and Gusto, and added travel booking and a Concierge AI assistant.

It fits a lean team that wants a quick start and the lowest bill from using the card. It is a weaker fit for a company that wants procurement and supplier invoice workflows, or one outside the markets where the card is issued.

Rating by criterion

We score each of the eight criteria out of 100.

Sector criteria

Vendor criteria

Against its peers

These are the other companies in business banking and treasury, with their ratings.

User comments

These buyer-oriented points draw on Expensify’s product pages and its 2025 annual report.

• Upside

  “Snapping a photo of a receipt creates the whole expense, so people submit on the day they spend.”

• Upside

  “Using the card lowered our monthly bill, which made the case for switching easy to explain to finance.”

• Downside

  “There is no procurement or supplier invoice workflow, so we kept a separate tool for purchase orders.”

Where customer reviews couldn't be found, our analysts attempted to give a voice to buyer sentiment, drawing on real information from review sites, forums and product documentation. We omit sites where vendors pay to be featured or pay for a review, plus any review the site flags as incentivized.

Based on: Expensify home page; Expensify 2025 annual report; Expensify 2025 earnings release.

Fact file

Competitive landscape

Expense management platforms a small or mid-sized business would compare with Expensify.

• Expensify78
• Pleo79
• Rydoo76
• Weel76
• Spendesk74
• SAP ConcurNot reviewed

Comparisons

• Expensify vs Rydoo: Features, Coverage and Pricing Compared (2026)

Key leadership

• David Barrett

David Barrett founded Expensify in 2008 and is chief executive. He earlier led engineering at Red Swoosh, which Akamai bought in 2007.

How this review was created

This profile gives our own assessment of Expensify to companies selecting a Business banking & treasury provider. The Fintech Index receives nothing for featuring a firm, for sponsorship, or for advertising, and Expensify gave us no payment for the profile.

The rating equals the average of eight criteria, with every criterion running from 0 to 100. Four address buyer needs in this sector, and four address the company together with its commercial terms.

Ratings are our editorial judgment, made from public information: pricing and legal pages, product documentation, compliance disclosures, public reviews and filings. Fact-checking took place on November 11, 2026.