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Expensify Reports More than 1 Million New Users and Double the Partnerships in 2017

Travel and expense management company Expensify released strong growth figures this week, summarizing a successful 2017. So successful, in fact, the company ended the year with the highest growth rate in its 10-year history.

Here are the highlights:

  • Surpassed $100 billion processed
  • Exceeded 660 million expenses created (more than 180 million expenses were created in 2017 alone)
  • Ended the year with more than 50,000 customers and five million end users across 170 countries
  • Doubled the number of companies in its partner program
  • Received Xero’s App Partner of the Year Award

The San Francisco-based company also enhanced its expense reporting product by adding new features. Expensify improved its report approval workflow and has added the ability to automatically export approved reports in real time. Additionally, at the start of 2018, the company introduced a new user interface and a friendlier user experience.

“The past year has been full of tremendous progress and learnings, and we’re deeply grateful to our customers old and new for their enthusiasm along the way,” said David Barrett, founder and CEO of Expensify. “We have ambitious dreams for 2018 and will continue doing everything we can to make life easier for everyone out there who has better things to do than keep track of receipts.”

At FinDEVr Silicon Valley 2016, Expensify presented Bedrock, an open sourced relational database management system. The company last demoed at FinovateSpring 2013, where the company showed off its integrated invoicing technology. Last month, CB Insights featured Expensify in its list of four apps every executive should download now. In November of last year, the company arranged a data sharing agreement with Wells Fargo.