# Expensify

Expensify is an expense management and corporate card platform for SMBs and enterprises. Rated 4.4/5 on G2 from 5,700+ reviews. Profile: pricing, funding, and user sentiment.

**Category:** Expense management / corporate cards  
**Vendor:** Expensify, Inc.  
**Founded:** 2008  
**HQ:** San Francisco, California, US (primarily remote)  
**Website:** https://www.expensify.com  


## About

Expensify is a financial management platform primarily known for expense reporting and corporate cards. Founded in 2008 by David Barrett in San Francisco, Expensify went public on the NASDAQ (EXFY) in November 2021. The platform automates expense receipt scanning, approvals, and reimbursement, and in 2020 launched Expensify Card, a corporate card that offers real-time spend visibility and cash back. Expensify processes billions in expenses annually and serves over 15 million members across 200+ countries. The company is known for its unconventional culture and outspoken founder, who has publicly written about employee ownership and political advocacy. In 2022-2023, Expensify went through significant restructuring as growth slowed post-COVID.

## Ratings

| Source | Score | Reviews |
|---|---|---|
| G2 | 4.4/5 | ~5,700 |
| Capterra | 4.3/5 | ~3,800 |

## Funding

Public (NASDAQ: EXFY); pre-IPO raised ~$38M

| Round | Amount | Date | Lead |
|---|---|---|---|
| Series A | $4M | 2009 | Redpoint Ventures |
| Series B | $34M | 2014 | Redpoint Ventures |
| IPO | ~$120M raised | November 2021 | NASDAQ |

## Viability

Public company but has struggled with growth post-IPO. Revenue roughly flat at $130-$140M (2024-2025). Significant headcount reduction in 2023. Still a functional business but strategic direction uncertain.

## Pricing

Expensify charges per active user per month. Collect: $5/user/mo (billed monthly), $10 with Expensify Card. Control: $9/user/mo, $18 with card. Annual billing provides discounts. Only users who submit expenses in a month count as active.

| Plan | Price | Best for |
|---|---|---|
| Collect | $5/user/mo | Basic expense reporting and reimbursement |
| Control | $9/user/mo | Approval workflows, accounting integrations, corporate cards |

## What reviewers say

_~9,500 G2 and Capterra reviews, 2025-2026_

**Praised:**
- SmartScan receipt scanning is genuinely fast and accurate
- Expensify Card cash-back rewards make it financially appealing
- Strong accounting integrations (QuickBooks, NetSuite, Xero)
- Good for remote/travel-heavy teams

**Complaints:**
- Customer support quality has declined; mostly community and email-based
- New Expensify app redesign was polarizing among existing users
- International reimbursement workflows can be complex
- Some users find the pricing model confusing

## Compliance

- **SOC 2:** Yes (Type II)
- **GDPR:** Yes
- **HIPAA:** Partial (BAA available)
- **SSO:** Yes

## Integrations

- QuickBooks Online
- QuickBooks Desktop
- Xero
- NetSuite
- Sage Intacct
- SAP
- Oracle
- Workday
- Gusto
- ADP
- Slack
- Excel/CSV export

## FAQs

### Is Expensify free?

Yes, for individual use with limited features. Business plans start at $5/user/month for Collect. The Expensify Card is free to use for Collect and Control plan members.

### How does Expensify compare to Ramp or Brex?

Ramp and Brex are corporate card-first platforms with expense management as a secondary feature. Expensify was expense-first and added cards later. Ramp and Brex are generally growing faster; Expensify has more mature expense automation.

### What happened to Expensify's stock?

EXFY IPO'd at $27 in November 2021 and fell significantly after. As of 2026, the stock trades significantly below IPO price. The company reduced headcount and shifted strategy in 2023.


## Sources

- [Expensify website](https://www.expensify.com): Product and pricing
- [G2 Expensify reviews](https://www.g2.com/products/expensify/reviews): ~5,700 user reviews
- [Expensify investor relations](https://ir.expensify.com): Financial disclosures