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§ Private Profile · Ridgeville Ohio, USA
AI-powered expense management SaaS automates receipt capture, categorization, and reporting for businesses using Google Workspace.
Based in Cleveland, Ohio, ExpenseBot is a software as a service company that provides an artificial intelligence powered expense management platform to automate receipt capture, categorization, and reporting for businesses. The system integrates directly with Google Workspace and Gmail to scan incoming emails, extract relevant data using optical character recognition, and automatically reconcile transactions with corporate credit cards. Users can export their finalized financial data directly into accounting systems like QuickBooks or Google Sheets, which reduces the total time spent on manual expense reports by up to 90 percent. Operating with a dedicated team of seven employees, the platform supports extensive historical data retrieval by scanning up to six years of past email history for missing receipts. ExpenseBot was officially founded in September 2013 by chief executive officer Rob Balahura alongside a technical cofounder who previously launched 60mo.
ExpenseBot has raised $400K across 2 funding rounds.
ExpenseBot has raised $400K in total across 2 funding rounds.
ExpenseBot has raised $400K across 2 funding rounds. Most recently, it raised $180K Seed in September 2014.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2014 | $180K Seed | — | Bodega Partners, Collaborative Seed & Growth Partners, Drummond Road Capital, EonCapital, Founders Co OP, Humba Ventures, Montage Ventures, Pioneer Square Labs, Plug & Play Ventures, Techstars, TNT Venture, XG Ventures, Daniel SHI, James Haft, Matt Shobe | Announced |
| Nov 1, 2013 | $220K Seed | Drummond Road Capital, Techstars | AngelPad, Bodega Partners, Humba Ventures, InterWest, K5 Ventures, Magical Capital, MI Ventures, Montage Ventures, Plug & Play Ventures, Structure Capital, TNT Venture, XG Ventures, Daniel SHI, Joshua Schachter, Richard Chen, Novel | Announced |
ExpenseBot has raised $400K in total across 2 funding rounds.
ExpenseBot's investors include Bodega Partners, Collaborative Seed & Growth Partners, Drummond Road Capital, eonCapital, Founders Co-op, Humba Ventures, Montage Ventures, Pioneer Square Labs, Plug & Play Ventures, Techstars, TNT Venture, XG Ventures.
ExpenseBot is a financial software company providing a fully automated expense management platform powered by AI, designed for freelancers, teams, accountants, individuals, and businesses, including enterprises.[1][3][4] It solves the problem of manual expense tracking by offering features like Gmail auto-capture of receipts, AI-driven data extraction, categorization, compliance checks, credit card reconciliation, and one-click exports to tools like QuickBooks or Xero, streamlining workflows from receipt to reimbursement.[2][4] The platform serves users in over 50 countries, with reported annual revenue of $6 million in 2025 and growth evidenced by its expansion from early funding to enterprise adoption, saving users thousands of hours monthly through automation like OCR receipt scanning and policy violation detection.[1][3]
ExpenseBot was founded in 2013 and is headquartered in North Ridgeville, Ohio, with additional offices in Cleveland, Ohio, and Denver, Colorado.[3] Early traction came from a $250,000 investment by JumpStart, which backed its innovative software to automate expense management and reduce costs for businesses.[5] The company emerged in the fintech space amid rising demand for efficient accounting tools, evolving from a general expense solution to an AI-enhanced platform integrated with Google Workspace, focusing on seamless receipt handling and enterprise-scale automation.[1][3][4]
ExpenseBot stands out in the crowded expense management market through its emphasis on AI automation, intuitive interfaces, and integrations tailored for modern workflows. Key strengths include:
ExpenseBot rides the wave of AI-driven fintech automation, capitalizing on trends like machine learning for financial compliance and no-code integrations amid remote work and gig economy growth.[2][4] Its timing aligns with post-2020 shifts toward digitized expense tracking, fueled by regulatory demands for accuracy and market forces like rising corporate card usage and QuickBooks/Xero dominance among SMBs.[2][3] By influencing the ecosystem through time-saving tools—reducing manual errors for enterprises and freelancers—it contributes to broader efficiency in accounting software, competing with giants like Expensify while carving a niche in Google Workspace-centric environments.[2][3]
ExpenseBot is poised for accelerated growth by deepening AI capabilities, such as enhanced predictive analytics and global compliance features, amid expanding demand for automated fintech in a hybrid work era.[2][4] Trends like AI policy enforcement and multi-tool integrations will shape its path, potentially boosting revenue beyond $6 million through enterprise deals and freelancer adoption.[3] Its influence may evolve by setting standards for intuitive expense AI, solidifying its role as a time-saving leader from startup origins to global platform.