In this episode of Case Studies with the Biz Doc he takes a look at Expensify. On Case Studies with the BizDoc, Tom Ellsworth follows this companies timeline and the milestones they reached along the way. Subscribe to the channel and share this video.
– How Former PayPal Founder is Disrupting Payments with Affirm: https://youtu.be/dFoOLfzT52M
Expensify is a software company that develops an expense management system for personal and business use. Expensify also operates a venture capital arm known as Expensify Ventures.
Expensify was founded in 2008 by current CEO David Barrett. Barrett, a native of Saginaw, Michigan, and a graduate of the University of Michigan, began programming at the age of six. He was involved in numerous tech companies prior to Expensify, including Red Swoosh, for which he developed the file transfer technology. Red Swoosh was later purchased by Akamai Technologies. Barrett has said he founded Expensify because of his “hatred” of expense reports–the company’s slogan is “Expense reports that don’t suck!” The company has completed several rounds of venture capital funding, raising $1 million in 2009, $5.7 million in 2010, $3.5 million in 2014,and $17 million in 2015.
THOMAS N. ELLSWORTH, is an experienced CEO / COO and veteran entrepreneur. He has been disrupting industries and driving consumer shifts through Venture-backed companies in technology, software development, publishing and mobile that have generated exits totaling over $1B. He’s also the host of Case Studies with the Biz Doc on the Valuetainment Economics Channel.
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