Fyle

About

Fyle offers real-time expense management software for smbs on credit cards they already have.

Bengaluru,Karnataka,India
101 - 250
https://www.fylehq.com

Highlights

Details

Last Funding Type: Seed
Last Funding Money Raised: $1.10M
Industries: Accounting,Business Information Systems,Business Travel,Finance,FinTech
Founded date: Feb 16, 2016
Number Of Employee: 101 - 250
Operating Status: Active
Legal Name: Fyle Inc
Also Known As: Fyle App

Fyle is a real-time expense management solution that connects to credit cards (corporate credit cards and small business credit cards) that customers already have, instead of switching them to a different card. Fyle enables small businesses to have better control and visibility into employee spend by making it easy for employees to turn in receipts with a single click. Employees who use Fyle get an instant SMS when they make a purchase on the company card, to which they can reply to with the photo of the receipt.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

5

$6M ₹310.40M

Fyle has raised a total of $6M ₹310.40M in funding over 2 rounds. Their latest funding was raised on Oct 3, 2019 from a Series A round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Oct 3, 2019	Series A	$4.50M	4	Steadview Capital	—	Detail
May 24, 2019	Series A	₹10.40M	3	—	—	Detail
Feb 11, 2019	Series A	₹300M	3	Tiger Global Management	—	Detail
Apr 20, 2018	Seed	$1.10M	3	BEENEXT Pravega Ventures	—	Detail
Feb 13, 2017	Seed	$400K	5	BEENEXT Pravega Ventures	—	Detail

Investors

Number of Lead Investors

Number of Investors

6

10

Fyle is funded by 10 investors. Steadview Capital and Freshworks are the most recent investors.

Investor Name	Lead Investor	Funding Round
Steadview Capital	Yes	Series A
Freshworks	—	Series A
Pravega Ventures	—	Series A
Tiger Global Management	—	Series A
Ambrish Tyagi	—	Series A
Bharati Balakrishnan	—	Series A
BEENEXT	—	Series A
Joydeep Sen Sarma	—	Seed
Phanindra Sama	—	Seed
Richa Kar	—	Seed