- Expensify (EXFY, Financial) introduces a simplified $5 pricing plan tailored for small and medium-sized businesses (SMBs).
- The new Collect plan offers a comprehensive suite of tools including expense tracking and travel booking.
- International pricing is set at local currency equivalents in the UK, Australia, and New Zealand.
Expensify, Inc. (EXFY), a leading financial management application, has announced a major pricing update aimed at better serving small and medium-sized businesses (SMBs). The new Collect plan is offered at a straightforward flat rate of $5 per member per month, streamlining financial management for businesses with transparent and affordable pricing.
The Collect plan grants businesses access to a full range of features, including expense tracking, corporate cards, travel booking, and team chat, eliminating any hidden conditions or complex calculations. This change signifies Expensify's commitment to making financial tools more accessible to a traditionally underserved market segment within the financial tech industry.
In addition to the U.S. pricing, Expensify has tailored its international pricing: £5 GBP for the UK, $8 AUD for Australia, and $9 NZD for New Zealand. This strategic move is expected to enhance the adoption rate of Expensify’s app within SMBs and accelerate growth in a competitive market landscape.
Jason Mills, Chief Product Officer at Expensify, stated, "The SMB market has long been overlooked by competitors focused on enterprise sales. Our model empowers small teams to get started easily, and now, with simplified, predictable pricing, we’re making it even easier for SMBs to manage their finances without breaking the bank."
Businesses interested in leveraging Expensify’s new Collect plan can learn more and get started by visiting Expensify's pricing page today.
