# Sage Expense Management

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sage-expense-management

- Industry: Software
- Headquarters: Newark, US
- Website: www.fylehq.com
- Total disclosed funding: $10M
- Latest round: Series A (Nov 29, 2019)
- Investors on record: 6

## About

Sage Expense Management, formerly known as Fyle Inc., provides AI-driven expense management software that automates the tracking and reconciliation of business expenses for finance teams and employees, enhancing operational efficiency.Founded in 2016 and headquartered in Delaware, US, Sage Expense Management, formerly known as Fyle Inc., specializes in expense management solutions aimed at organizations across various sectors. The company was established by Sivaramakrishnan Narayanan and Yashwanth M, who have experience in technology and finance. In July 2025, Sage Schweiz AG, a portfolio company of Infoniqa Holding GmbH, acquired Fyle Technologies Private Limited from Tiger Global Management, Steadview Capital Management, Pravega Ventures, Freshworks Inc., ABG Capital and BEENEXT. Fyle offers an AI-powered expense management software that streamlines the tracking and reconciliation of business expenses. The platform facilitates real-time receipt submissions by allowing users to send receipts via text, email, or integrated applications like Gmail and Outlook. Core features include automatic data extraction from receipts, expense coding according to General Ledger (GL) accounts, and integration with leading accounting software such as QuickBooks, NetSuite, and Xero. Fyle’s services cater predominantly to the United States market, encompassing various industries like construction, healthcare, non-profits, and technology, with functionalities designed to enhance compliance tracking and automate expense approvals.Sage Expense Management operates on a subscription-based model which cost USD 11.99 per active user/month, billed annually minimum billing: 5 users for growth and USD 14.99 per active user/month, billed annually minimum billing: 10 users for business.

## Funding rounds

- Series A, Nov 29, 2019, $4.3M — Tiger Global Management, Freshworks Inc., Steadview Capital Management, ABG Capital, Pravega Ventures
- Series A, Feb 6, 2019, $4.3M — Tiger Global Management, BEENEXT, Pravega Ventures
- Seed, Mar 23, 2018, $1.1M — Freshworks Inc., BEENEXT, Pravega Ventures
- Seed, Jun 29, 2016, $0.4M — BEENEXT, Pravega Ventures

## Investors

- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed, Series A
- Pravega Ventures (https://capitalatlas.ai/funds/pravega-ventures) — Seed, Series A
- Freshworks Inc. — Seed, Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A
- Steadview Capital Management (https://capitalatlas.ai/funds/steadview-capital-management) — Series A
- ABG Capital — Series A