MASHINIi

Expensify, Inc..

EXFY.US | Computer programming activities

Expensify, Inc. provides a cloud-based expense management software platform. Its platform automates the expense reporting process by capturing expenses from various sources, including credit cards, receipts, and mileage tracking. The software then categorizes, codes, and submits these expenses for a...Show More

Ethical Profile

Mixed.

Expensify demonstrates strong commitment to employee welfare, reporting a 7:1 CEO-to-median employee pay ratio in FY2024, with median pay at $316,222. Employees are paid San Francisco rates regardless of location and receive generous benefits. The company became carbon neutral in 2021, offsetting 10,281 tCO₂e in 2022, and aims for net-zero by 2030. It also protects 500,000 acres in the Peruvian Amazon. Expensify introduced a mental wellness program in 2024, and Expensify.org supports initiatives for housing equity, food security, and climate justice. However, specific data on pay equity and safety is limited, and reports suggest past hiring practices may have had biases.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect30
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-20
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-40
-100100

Better Health for All

0

Expensify's core business of expense management software has no direct positive or negative health impact, nor does it generate revenue from products with negative health outcomes.

1
The company's products do not carry health risks requiring disclosure, nor do its operations directly involve health-related R&D, workforce support, preventative measures, or health data management.
2
The business model does not involve serving vulnerable populations with health needs or responding to global health crises.
3
However, Expensify introduced a mental wellness program in 2024,
4
indicating basic recognition of mental health but with limited practical support and minimal resources allocated.

Fair Money & Economic Opportunity

0

The company, Expensify, Inc. (EXFY.US), operates a cloud-based expense management software platform. The provided articles detail its financial performance, share buyback activities, and the philanthropic efforts of Expensify.org. The rubric for 'Fair Money & Economic Opportunity' is designed for financial institutions offering lending, deposit, or insurance services to consumers, with specific quantitative thresholds for APRs, loan books, and customer demographics. As Expensify's core business is software, and not direct consumer financial services, there is no explicit evidence in the articles that directly addresses the quantitative metrics required by the rubric's KPIs, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives (loan/insurance book), wealth-building outcomes, debt burden ratio, geographic inclusion, or product simplicity. While Expensify.org engages in community support,

1
this is distinct from EXFY.US's core business operations and its impact on its own customers through financial products. Therefore, no KPIs can be scored based on the provided evidence.

Fair Pay & Worker Respect

30

Expensify's CEO-to-median employee pay ratio for fiscal year 2024 was 7:1.

1
As of December 31, 2023, none of the company's 133 full-time employees are represented by a labor union or covered by collective bargaining agreements.
2
The company's voluntary employee turnover rate is low, with 62% of employees having been with the company for more than four years, 46% for more than six years, and 16% for over eight years.
3
Expensify has had zero fines or violations in the past two years. The company does not use temporary, zero-hour, or gig contracts for its core workforce, engaging third-party vendors for on-demand workers as needed.
4
Expensify provides comprehensive healthcare options, including an annual family planning benefit of $20,000, three months of fully paid medical leave for psychological/psychiatric treatment, three months of fully paid parental leave, and six months for birthing parents.
5
The company has a Glassdoor employee rating of 4.4 out of 5 stars, with 86% recommending the company to a friend and 90% CEO approval.
6

Fair Trade & Ethical Sourcing

0

No evidence was found in the provided articles to assess Expensify, Inc. against any of the KPIs for Fair Trade & Ethical Sourcing. The company operates a cloud-based software platform.

1
The rubric's KPIs are primarily designed for companies with physical supply chains and material sourcing. Furthermore, explicitly states that no quantitative data on fair trade, ethical sourcing, audits, forced labor, traceability, remediation, ethical clauses, materials risk, or supplier diversity is provided.
2

Honest & Fair Business

0

No evidence available to assess Expensify, Inc. on Honest & Fair Business.

Kind to Animals

0

Expensify, Inc. is a service-oriented software company, and as such, many animal-related KPIs are not applicable to its operations. The company does not have animal-derived products, animal testing operations, animal husbandry, or animal agriculture. Expensify is listed as a company that does not exploit animals.

1
The company has supported nitrous oxide destruction projects to offset its carbon footprint from 2019 to 2022.
2
Additionally, Expensify supported Brazil Nut Concessions, which prevents deforestation and protects biodiversity on 500,000 acres in the Peruvian Amazon, by offsetting its 2019 carbon footprint.
3

No War, No Weapons

0

The provided articles do not contain specific, concrete data points or explicit information regarding Expensify, Inc.'s association with arms manufacturing, military contracts, conflict facilitation, or any related initiatives.

1
Therefore, no KPIs can be scored against the 'No War, No Weapons' value based solely on the evidence provided.

Planet-Friendly Business

-20

Expensify has a net-zero target year of 2030.

1
The company aimed to manage and report on climate-related risks and opportunities, and set targets and metrics in accordance with TCFD recommendations, starting in 2022.
2
Expensify protects 500,000 acres in the Peruvian Amazon through Brazil Nut Concessions.
3

Respect for Cultures & Communities

0

The provided article focuses on Expensify.org, a separate entity, and its model for supporting social justice campaigns.

1
It explicitly states that it does not contain any data relevant to EXFY.US's internal policies, practices, or metrics related to community engagement, cultural sensitivity, or similar topics.
2
Therefore, no specific evidence was found to assess EXFY.US against the 'Respect for Cultures & Communities' value for any of the defined KPIs.
3

Safe & Smart Tech

0

No evidence available to assess Expensify, Inc. on Safe & Smart Tech.

Zero Waste & Sustainable Products

-40

Expensify has no specific waste reduction targets or metrics mentioned in the provided articles.

1
The company's sustainability focus is primarily on carbon neutrality and offsetting.
2
There are no reported waste disposal violations, regulatory actions, fines, or compliance issues related to waste or sustainability.
3

Own Expensify, Inc.?

Upload your portfolio and see how all your holdings score across 11 ethical dimensions.

Audit My Portfolio

AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.