Yash Madhusudan – Fyle – Fintech Meetup 2023

At Fintech Meetup 2023, the FF News team sat down for a conversation with Yash Madhusudan the Co-Founder and CEO of Fyle. Fyle is a new-age expense management software that aims to allow its clients to work anywhere. Fyle nests its solution inside everyday apps and simplifies expense reporting and tracking.

“What we’ve done is we’ve partnered with card networks like Visa and MasterCard and democratized access to the transaction data that they are able to get in real-time. They are able to get notified and act on that. A simple example is when an employee that uses fyle makes a purchase on their business credit card, they receive an instant text message saying hey you purchased $15 worth of coffee at Starbucks, please reply with a photo of the receipt.”

“They just reply to that text message, and that’s it their work is done. Fyle extracts data from the transaction network that we get, we extract data from the receipt and make that ready for an accounting entry. So, the entire manual work associated with managing expenses completely goes away.”