Blog Post

Expensify Raises $1 Million For New Hires, Mobile App Development

Expensify, an online expense report management startup, has raised roughly $1 million in its first round of funding, per an SEC filing. The new money came from Hillsven Capital, Baseline Capital Ventures and Red Swoosh and Scour investor Travis Kalanick; CEO David Barrett said Expensify will use the investment for new hires and tech development, including the launch of mobile apps for the iPhone, BlackBerry, Android and Palm (NSDQ: PALM) Pre.

S.F.-based Expensify debuted at the TechCrunch 50 in 2008; it launched a public beta of its business expense tracking and reimbursement platform this March (via TechCrunch). The company also offers a branded MasterCard that links to a user’s existing credit account, so that employees can keep their business and personal expenses separate (and trackable).