We’re thrilled to announce our investment to support the team at Expensify, a fast-growing provider of expense management software for small and medium businesses (SMBs). Expensify announced 100,000 users on extremely fast growth this past week.

The Redpoint team has been actively pursuing our themes of consumerization of IT and the low friction, high velocity sales models. Expensify’s platform has proven core to the operation of many of their customers and has a naturally viral product, resulting in tremendous growth.