2024-05-07 07:35:00 ET
Summary
- Expensify is a broken October 2021 IPO. Financially strong and valued at $125 million as a Software-as-a-Service company, it's down 96% from its first week high as an IPO.
- It has a clear road map and focus on dominating the untapped, underserved very small business market.
- The company is rolling out New Expensify and leaning into its core functionality by creating a moat using real-time chat within expense management, document exchange, global payments, and additional functionality around expense reimbursement.
Expensify ( EXFY ) develops and sells Software-as-a-Service (SaaS) solutions designed to simplify expense reporting, receipt tracking, global payments, and company card reconciliation. The platform streamlines the financial expense management workflows. Expensify's features include payment processing, invoicing, chat, document management, global reimbursements, budgeting, and email notifications. Employees can easily report payments and receipts, allowing finance departments to track, analyze, and manage budgets more effectively....
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Expensify: A Busted IPO To An Undervalued SaaS Micro-Cap