David Barrett founded Expensify in 2008 because he hated doing expense reports. Like many, David dreaded the process of wrangling receipts and hand-keying spreadsheets, but he really hated the fact that manual expense reports just weren’t fair. Employees spent their own money on company expenses, then waited weeks – sometimes months – to get reimbursed, wasting a ton of time emailing the accounting department along the way.
Over the next couple of years, David and the growing team rolled out the first receipt-scanning technology in the industry. SmartScan revolutionized the receipt tracking experience by allowing people to take a photo of any receipt for automatic transcription. Soon, Expensify started to spread like wildfire, growing solely through word-of-mouth. This led to the next chapter – realtime expense reports – in which Expensify began to automate the entire receipt journey, from the initial scan all the way through expense approval and reimbursement.
Initially, we focused on small and mid-sized businesses, but we also made a commitment to never let our customers outgrow us. When a few early customers grew at lightspeed, we grew with them, building out more robust features along the way. Because of this, Expensify is one of the only apps that’s equally as useful for individuals as it is for companies with thousands of employees.
Today, we're a profitable company with offices around the globe, and remote teammates on four continents. Despite how far we've come, we're still just getting started!