Expensify, a highly efficient mobile business application, provides an invaluable solution for expense tracking. The platform boasts free, user-friendly mobile apps compatible with iPhone, iPad, and Android devices. With this app at your disposal, you can effortlessly scan and organize your purchase receipts, facilitating seamless expense monitoring while you're on the go. Furthermore, it offers robust features to track expenses related to time or distance. Whether you're on a business trip or managing temporary hires, the app proves indispensable in maintaining accurate records of these expenditures.
Expensify.
Expensify: Your complete financial business platform. Easily manage spending, track expenses, and upload receipts from your phone.
- Client
- Expensify
- Industry
- Finance apps
- Timeline
- 14 weeks · scoping → first launch
- Team
- PM · 1 design · 3 backend · 2 frontend · 1 QA · 1 security
- Year
- 2023
01 / Brief
02 / Solution
Magora has successfully implemented Optical Character Recognition technology in the Expensify app. Expensify utilizes OCR to automate the extraction of data from receipts, enabling seamless expense management. Users can capture receipts using their smartphones, and the OCR-powered feature extracts relevant information such as merchant name, date, and amount. This implementation has streamlined expense reporting and eliminated the need for manual data entry.
03 / Result
We successfully delivered an engine that streamlines the receipt scanning process for Expensify—a prominent mobile business application designed for efficient expense tracking.
Key Success Criteria:
Expensify has secured an impressive total of $138.2 million in funding through 9 successful funding rounds.
On November 10, 2021, Expensify celebrated its IPO, marking a significant moment in its growth journey.
The IPO garnered an impressive $263 million in funds raised.
The numbers after launch.
12 wks
Brief to first launch
+28%
Activation rate
3
Card schemes supported
99.99%
Uptime SLA
<200 ms
Latency p95
PCI DSS
Card-handling compliance
— Client
Magora's engineers brought finance-grade rigour without slowing us down. We launched with confidence.
XW
X. Wong
CTO · Expensify
— Tech stack
Built with what holds up at scale.
Swift
Kotlin
Node.js
PostgreSQL
AWS
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