Expensify IPO

Expensify helps SMBs automate the entire expense management process. Medium risk; expected return – up to 80% per year.

Expensify automates expense transactions and reimburses employees receipts from business travel, flights, hotels, coffee shops, office supplies and ride shares. The platform has over 10 million members from over 200 countries and regions.

Expensify estimates its total addressable market in the United States, United Kingdom, Canada and Australiaat at $21.5 billion. In addition, in early 2020 it launched Expensify Card which allows it to monitor all expenses without any receipts and estimate the additional market opportunity at approximately $17 billion by 2022.

Expensify plans to raise $234 million through an IPO and sell 9.7 million shares at a price range of $23-25. Market capitalization at IPO is around $2 billion. Given the wide market and strong financial position of the company, we expect its capitalization to reach $3-4 billion in the public market.

Expected return – medium, up to 80%.

Expected allotment – up to 10%.

Medium risk.

You can apply for this investment today until 15:00, UTC+3.