FinovateFall 2023 / Fyle
Presenter Profile:
How they describe themselves: Fyle is a modern expense management platform with industry first real-time transaction feeds on any credit card. Nestled within everyday apps like text messaging, Gmail, Outlook, Slack, MS Teams, and email, Fyle provides a unique way of submitting and managing expenses.
Fyle’s AI-enabled engine instantly codes and categorizes spend information and seamlessly syncs data with leading ERPs such as Xero, Sage Intacct, QuickBooks Online, and NetSuite.
How they describe their product/innovation: Fyle’s no-code co-branded/white label expense management platform offers modern fintech like experience on bank issued card programs. It provides the following benefits:
- Real-time card integration with instant transaction data and notifications.
- Direct card enrollment (independent of banks and aggregators).
- No code – co-branded platform.
- Zero dependency on bank tech stack.
- Seamless receipt capture via SMS.
- AI powered coding and categorization.
- Powerful accounting integration.
- BIN locked access to specific card program.
Product distribution strategy: Direct to Business (B2B), Through financial institutions, Licensed
Contacts:
Bus. Dev.: Vikram Pothnis (Head of Partnerships & Alliances), vikram.pothnis@fylehq.com
Press: Siddharth Deswal (Senior Director of Marketing), siddharth.deswal@fylehq.com
Website: fylehq.com
LinkedIn: linkedin.com/company/Fyle
Twitter: @FyleHQ
HQ: Newark, DE, USA
Founded: February 2016
Product Demoed: Modern No-code expense management platform
Metrics: Funding: $15M | Headcount: 120+ employees
Presenter: Yashwanth Madhusudan, Co-Founder & CEO
- Key Executives
Yashwanth Madhusudan (Co-Founder & CEO), Sivaramakrishnan Narayanan (Co-Founder & CTO)
Key Stats
- Key Investors
Tiger Global, Steadview Capital, Pravega Ventures, Beenext
- Key Partners
- Partnership with Visa and Mastercard to provide industry first real-time transaction feeds to business card holders from any bank.
- Go to market partnership with several top 100 accounting firms like Aprio, Mueller dot Konnect, Decimal, Sensiba, Whitley Penn, etc.
- Go to market partnership with several value added resellers like Sockeye, Kerr Consulting, Digitek, etc.
- Go to market partnership with Intuit: Fyle has joined the QuickBooks Solution Provider Program to offer real-time expense management and the best of business accounting to customers. This powerful combination is built on Fyle’s bidirectional integration with QuickBooks that helps hundreds of SMBs automate expense reporting, credit card reconciliation, and close books faster.
- Technology partnerships with leading ISVs such as Sage, Netsuite, Xero, Intuit, TravelPerk, etc.