About
Fyle is an AI-powered expense management platform. Founded 2016. Raised $15.4M from Tiger Global, Steadview, Pravega. Acquired by Sage (July 2025) for undisclosed amount. 150+ employees, 1,600+ direct US customers. Conversational AI for receipt submission via text. Now branded as Sage Expense Management.
Key Facts
- [1]Funding: Total funding: $15M. Last round: Jul 2025. Stage: Growth.
- [2]Employees: Employee count: 51-200.
- [3]Acquisition: Acquired by Sage.
- [4]Company Type: Acquired company.
- [5]Website: Official website: fylehq.com.
- [6]AI Technology: Core AI/ML technologies: Predictive ML.
- [7]Region: Region: Americas (United States).
Founders
Yashwanth Madhusudan
Co-founder & CEO
Sivaramakrishnan Narayanan
Co-founder & CTO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Fyle (Sage)?
Fyle is an AI-powered expense management platform. Founded 2016. Raised $15.4M from Tiger Global, Steadview, Pravega. Acquired by Sage (July 2025) for undisclosed amount. 150+ employees, 1,600+ direct US customers. Conversational AI for receipt submission via text. Now branded as Sage Expense Management. Fyle (Sage) is classified in the Enterprise Finance segment at the Applications layer of the financial AI stack.
Who founded Fyle (Sage)?
Fyle (Sage) was founded by Yashwanth Madhusudan (Co-founder & CEO) and Sivaramakrishnan Narayanan (Co-founder & CTO). The company was acquired by Sage.
How much funding has Fyle (Sage) raised?
Fyle (Sage) has raised $15M in total funding, placing the company at the Growth stage. The most recent round closed in Jul 2025. Among 79 funded Enterprise Finance companies, Fyle (Sage) ranks #66 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Fyle (Sage) use?
Fyle (Sage) primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Enterprise Finance segment, 58 companies use this technology.
What market segment does Fyle (Sage) operate in?
Fyle (Sage) operates in the Enterprise Finance market segment. AI enterprise finance companies are automating and enhancing the financial operations of businesses — from accounting and treasury management to financial planning, analysis, and corporate finance.
Where is Fyle (Sage) headquartered?
Fyle (Sage) is headquartered in San Jose, United States. The company operates in the Americas region. The team consists of 51-200 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Fyle (Sage)'s competitors?
Companies similar to Fyle (Sage) in the Enterprise Finance space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Ramp ($2.3B raised), Brex ($1.5B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does Fyle (Sage) offer?
Fyle (Sage) builds applications-layer solutions for the financial services industry. The company's core offering: AI-powered expense management and GST compliance. The platform is powered by Predictive ML technology.
Is Fyle (Sage) publicly traded?
Fyle (Sage) is no longer independently traded. The company was acquired by Sage. Prior to the acquisition, Fyle (Sage) had raised $15M in venture funding.