Sage Expense Management

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Sage Expense Management - overview

Established

2016

Location

Newark, DE, US

Primary Industry

Software

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.


Current Investors

BEENEXT, Pravega Ventures, Freshworks Inc.

Primary Industry

Software

Sub Industries

e-Financial, Web Applications, Accounting/Finance Software, Analytics & Performance Software, Application Integration Software

Website

www.fylehq.com

Verticals

Artificial Intelligence, Artificial Intelligence, Cloud Computing, FinTech, Mobile Apps

Company Stage

Series A

Total Amount Raised

Subscriber access only

Sage Expense Management - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedSage Expense Management-

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