Expensify, Inc. has announced that the Expensify Card is now available in the United Kingdom and select European markets, with the card officially launching in Spain, Ireland, Poland, and the Netherlands.
Powered by Visa Commercial Card, the offering provides finance teams with real-time transaction visibility, automated receipt matching, and built-in spending controls. Transactions appear instantly on the Expensify platform, eliminating month-end reconciliation delays.
Key features include automated categorization via Concierge AI and spending limits designed to prevent unauthorized purchases. Virtual cards are available for single-use or time-restricted transactions. Businesses can settle balances on a daily or monthly basis and link any GBP, EUR, or US business bank account, with no minimum requirements, security deposits, personal guarantees, or credit checks needed.
The product integrates seamlessly with major accounting platforms such as QuickBooks, Xero, NetSuite, and Sage Intacct. To meet UK and EU regulatory requirements, the card includes VAT tracking and advanced statement reporting. Users can utilize the card globally with zero foreign transaction fees.
Meanwhile, Expensify’s financial performance continues to show positive momentum. Shares have climbed 32% over the past six months and recorded a 21% increase year-to-date. The company maintains a robust balance sheet with a current ratio of 3.49 and a cash position that exceeds its debt, providing ample financial flexibility for its international expansion initiatives. According to InvestingPro analysis, the stock is trading below its Fair Value, positioning it among undervalued opportunities within the fintech sector.
Expensify Founder and CEO David Barrett commented: “The Expensify Card works quietly in the background to keep business spending controlled, compliant, and ready for accounting. It serves as a pre-accounting assistant that eliminates the tedious tasks of reconciling transactions, collecting receipts, and reimbursing employees.”
