Expensya provides a cloud‑based expense management platform that automates receipt capture with OCR/AI, real‑time categorization, and multi‑currency conversion, while corporate physical and virtual cards enforce spend policies at point of purchase. The solution integrates with ERP, accounting, HR and travel systems via native connectors and APIs, and offers audit‑ready cloud archiving and analytics dashboards for finance teams.
Funding
$20M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MASBFounders
Product
Problem
Companies often rely on manual expense reporting, paper receipts, and fragmented payment processes, leading to compliance risks, delayed reimbursements, and limited visibility into employee spending across multiple currencies and locations.
Solution
Expensya delivers a cloud‑based expense management platform that automates receipt capture via a mobile app, extracts data with OCR and AI, and categorizes expenses in real time. Corporate physical and virtual payment cards enforce predefined budgets, categories, and usage limits, ensuring spend compliance at the point of purchase. The system automatically converts foreign‑currency transactions and consolidates them into a single ledger. Integrated policy engine and AI‑driven fraud detection alert approvers to non‑conforming or suspicious claims. Seamless native integrations and open APIs connect Expensya to ERP, accounting, HR, and travel systems, eliminating manual data entry. All documents are stored in a legally compliant, encrypted cloud archive, providing audit‑ready records. Interactive dashboards and Power BI analytics give finance teams instant insight into spend patterns, cash‑flow forecasts, and policy effectiveness.
Target Audience
Primary users are finance leaders, expense managers, and CFOs in mid‑size to large enterprises, as well as travel and HR teams that need to control and streamline employee spending across borders.
Features
- Mobile app (iOS/Android) with OCR+ engine that captures receipts, extracts amounts, dates, tax, vendor, and currency in over 70 languages with >93 % accuracy
- Corporate payment cards (physical & virtual) with real‑time spend controls: limits, categories, time windows, and automatic reconciliation
- Multi‑currency support and automatic exchange‑rate conversion aligned to corporate accounting rules
- AI‑powered policy enforcement and fraud detection that flags out‑of‑policy or AI‑generated receipts for reviewer approval
- Pre‑built integrations and RESTful APIs for ERP, accounting, payroll, HR, travel booking platforms (e.g., SAP, Oracle, Sage, Cegid, Amex GBT, TravelPerk) plus FTP bulk import/export
- Legal‑grade cloud archiving compliant with NF Z 42‑013 and local tax regulations, with unlimited storage for the subscription period
- Interactive analytics suite with customizable dashboards, Power BI visualizations, and real‑time spend monitoring across departments, regions, and projects
- Self‑service configuration and sandbox environment enabling rapid deployment and policy updates without IT overhead