Corporate travel and expense management software provider Expensify is expanding its reach in Southeast Asia through a new collaboration with the region’s leading ridesharing company, Grab.
A press release Tuesday (April 23) said Expensify is integrating its solution into Grab, enabling joint customers to automatically submit expenses related to Grab trips when using Grab’s corporate travel platform, Grab Business.
Expensify noted the integration mirrors those recently launched for Uber and Lyft in other markets.
“Business travel has become one of Grab’s priority segments, with more users discovering and using Grab Business Profiles every day,” said Grab for Business Regional Head of Business Development Shawn Heng in a statement. “Partnering with Expensify, a great app for anyone who needs to keep track of receipts and expenses, is an exciting next step to make business travel even smoother for all of Grab’s customers.”
Expensify pointed to its recent Spend Trends report that found Grab experienced a 200 percent growth rate last year — the highest in the ridesharing category — with much of that growth a result of its investment in business travel.
Earlier this month, Grab Managing Director and Head of Financial Services Ankur Mehrotra spoke with PYMNTS about the company’s continued growth and the focus on its digital wallet, which has now been downloaded by 144 million users in Southeast Asia. The company is also focused on the drivers themselves, partnering with companies like Toyota and smaller service providers to address the needs of both users and drivers, he told PYMNTS’ Karen Webster.
Expensify, meanwhile, is focused on growth through product development, having recently launched new software to support freelance workers and self-employed professionals in need of more efficient ways of tracking business expanses and filing taxes. The company’s solution was featured in PYMNTS’ February Workforce Spend Management Tracker.™