Fyle Acquired
Real-time, AI-powered expense management SaaS platform founded in 2016 by Yashwanth Madhusudan and Sivaramakrishnan Narayanan, offering automated receipt/data extraction, card-agnostic real-time transaction notifications, and integrations with G Suite, Outlook and WhatsApp. Acquired by Sage in July 2025. Note: Inc42 reports Fyle's cumulative funding at $10.36M across 5 rounds, versus $10.2M across the 4 rounds confirmed here — the ~$160K gap…
Fyle: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 3 Oct 2019 | Series A1 | $4.5 Mn | Steadview Capital Freshworks Pravega Ventures Tiger Global Management | source |
| 29 Mar 2019 | Series A | $4.2 Mn | Tiger Global Management BeeNext Freshworks Pravega Ventures | source |
| 20 Apr 2018 | Seed | $1.1 Mn | BeeNext Pravega Ventures Freshworks | source |
| 13 Feb 2017 | Seed | $400K | BeeNext Pravega Ventures Joydeep Sen Sarma Phanindra Sama Richa Kar | source |
Acquisitions
Recent Signals
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28 Jul 2025 · growth-traction
Fyle scales to 150+ employees and 1,600+ direct US customers ahead of Sage acquisition source
News on Fyle
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Who founded Fyle?
Fyle was founded by Yashwanth Madhusudan, Sivaramakrishnan Narayanan in 2016.
How much funding has Fyle raised?
Fyle has raised $10.2 Mn across 4 tracked funding round(s), most recently on 2019-10-03. Figures are compiled from cited public sources.
Who are the investors in Fyle?
Investors in Fyle include Steadview Capital, Freshworks, Pravega Ventures, Tiger Global Management, BeeNext.
What does Fyle do?
Real-time, AI-powered expense management SaaS platform founded in 2016 by Yashwanth Madhusudan and Sivaramakrishnan Narayanan, offering automated receipt/data extraction, card-agnostic real-time transaction notifications, and integrations with G Suite, Outlook and WhatsApp. Acquired by Sage in July 2025. Note: Inc42 reports Fyle's cumulative funding at $10.36M…
Where is Fyle headquartered?
Fyle is headquartered in Bengaluru, Karnataka, India.
What is Fyle's business model?
Fyle's core value proposition centers on One-click expense reporting, AI-powered automated data extraction, Real-time, card-agnostic notifications, Fraud detection and policy compliance.
How does Fyle make money?
Fyle's cited revenue streams include Per-active-user monthly subscription.