Expensify, which makes cloud software that helps businesses manage their expenses, filed for an initial public offering on Friday.
Expensify, which was founded in 2008, said it plans to list on the Nasdaq Global Market under the ticker symbol "EXFY."
The Portland-based company reported a loss of $1.7 million, on revenue of $88 million in 2020, compared to a profit of $1.2 million on revenue of $80.5 million in 2019. Expensify reported sales of $65 million in the first six months of 2021, up from $40.6 million in the year-ago period.