Tuesday, February 14, 2017

Fyle Technologies raises $400K from various investors

Expense management startup Fyle Technologies raises $400K from various investors. Few who are participated in the investment are: Pravega Ventures, Venture fund Beenext, redBus co-founder Phanindra Sama, Zivame co-founder Richa Kar, and Qubole co-founder Joydeep Sen Sharma etc.

Also read: BookMyShow acquired 75% in Pune based Townscript

Fyle provides employees a single platform to file expenses through a plugin that automatically extracts and classifies data from bills inside emails and paper receipts. The plugin also creates structured data from PDFs, emails and other documents. Fyle’s algorithm also checks every transaction with company policy across the entire database to ensure there is no fraud or duplicates.

Fyle which was founded by Sivaramakrishnan Narayanan and Yashwanth Madhusudan in February 2016 has more than 25 customers now. 


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