Business expense management firm Expensify is in the process of beta testing a unique new feature. Though, it’s more of a perk than a feature. The Expensify Lounge is a chic new space in the entrance to Expensify’s San Francisco office located in the heart of the financial district.
The idea for the Expensify Lounge came about pre-COVID. Much of the company’s workforce was already working remotely, and the Expensify Lounge was slowly becoming a ghost town. To maintain the vibrancy of the office, the team decided to turn the office into “best co-working cafe in the city” by launching the Expensify Lounge, a cafe-like working environment that includes great coffee, great cocktails, and great company. Now that the pandemic is waning in the U.S., the Expensify Lounge is in beta testing this spring.
“We added a ridiculously over-the-top cocktail bar like you’d find tucked away in a Tokyo high rise, and put in an espresso bar even us Portland coffee snobs can respect,” described Expensify CEO David Barrett. “Then we paired it with our integrated chat Concierge to offer to-your-seat delivery, and then turned the overall furnishings of everything else up to 11.”
The newly-renovated space functions like a high-touch version of a co-working space. Expensify customers can work from the space as often as they like, as long as they like, with wifi, complimentary drinks, and snacks. During the beta test period, there’s no membership required. The company is especially encouraging early stage companies and VCs to come in and check it out and kick the tires.
If you’re in the area and interested in visiting the Expensify Lounge during the beta period, go to https://use.expensify.com/lounges and use the password “Finovate” when you arrive. If you’re attending FinovateSpring on May 18 through May 20, you’re in luck. The Expensify Lounge is just a 10 minute walk from the event venue, the Hilton San Francisco Union Square.
The lounge is open Monday through Friday from 8 a.m. to 5p.m. and is located at:
88 Kearny St., 16th Floor
San Francisco, CA 94108
After the beta period, Expensify clients can enjoy lounge access as part of their $9 per month Expensify membership. ” I guarantee it’s better than your office, or any office, and it’s designed to be a better place to work than any cafe in the city, too,” Barrett added.
A public company as of last November, Expensify is part of the fast-growing business financial management segment. The company’s flagship service is expense reporting, but it has since grown to add billpay, a travel concierge, and a corporate payment card.