According to published reports, Expense management startup Expensify has raised $3.5M from Coyote Ridge Ventures, Point Judith Capital, and Barracuda Networks.

Expensify does 'expense reports that don't suck!' If you're sick of the painful expense reporting process, Expensify is the fastest and easiest way to manage your business expenses. Now you can get rid of those envelopes full of receipts. Just snap a quick picture of the receipt with our App and you're done! Our SmartScan technology will read your receipt and input all the information for you. We can also automatically import expenses directly from your bank and credit card and generate an IRS guaranteed e-Receipt.