Bulletins

Expensify has filed to go public

Expensify founder and CEO David Barrett
Expensify founder and CEO David Barrett
Image: Expensify

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.

Benjamin Pimentel

Benjamin Pimentel ( @benpimentel) covers crypto and fintech from San Francisco. He has reported on many of the biggest tech stories over the past 20 years for the San Francisco Chronicle, Dow Jones MarketWatch and Business Insider, from the dot-com crash, the rise of cloud computing, social networking and AI to the impact of the Great Recession and the COVID crisis on Silicon Valley and beyond. He can be reached at bpimentel@protocol.com or via Google Voice at (925) 307-9342.

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