Expensify Reimbursed for $5.7M

9/9/10

San Francisco-based Expensify, which has developed a Web-based system for submitting business expense reports, said yesterday that it has raised $5.7 million in a Series A venture round. The round was led by new investor Redpoint Ventures, and included returning seed-stage investors Hillsven Capital, Baseline Capital, and Travis Kalanick. The company also announced that it has exceeded the 100,000-user mark.

Wade Roush is a contributing editor at Xconomy. Follow @

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