Start up Profile

Fyle is an expense management platform for employees to submit their expense claims in a quick and paperless manner, and for companies to easily manage these claims. Fyle uses machine learning to extract data from any receipt automatically. It allows expense tracking, automated reports and compliance solutions. Fyle has a Software-as-a-Service (SaaS) model. Fees from companies is charged at $4 to $8 per use per month, with volume discounts being given.

Founded in 2016, the company has received $5.7 Million funding until August 2019, from Pravega Ventures, Freshworks, Beenext, Recruit. It serves markets in India, US, Netherlands and Singapore.

Fintech asses ML to extract data from receipts to automate the entire expense claims process by employees in large companies and generates intelligence for company reports.