Article · Wikipedia archive · Last revised Jun 26, 2026

Draft:SimplyWise

Last revised
Jun 26, 2026
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Source

SimplyWise
TypePrivate
IndustrySoftware
Founded2020
Headquarters,
United States
Websitesimplywise.com

SimplyWise is an American software company founded in 2020 and headquartered in New York City. The company develops mobile applications for receipt scanning, expense and mileage tracking, and construction cost estimating.1 The Journal of Accountancy has listed SimplyWise's receipts application among digital recordkeeping tools used for tax substantiation, alongside Expensify, QuickBooks, FreshBooks, and Everlance.2

Products

SimplyWise's primary application is a mobile receipt-scanning and expense-tracking tool. It captures paper receipts through a phone camera, categorizes them, and exports them as spreadsheets or expense reports; it can also import receipts from a user's email and Amazon account, and reconcile transactions from linked bank and credit-card accounts.234 The company also publishes a construction cost-estimating application aimed at residential construction business owners, which generates itemized labor and materials estimates from photo input and supports LiDAR room scanning on compatible iPhone models;5 a mileage-tracking application; and an automated phone-answering application currently distributed only on iOS.

Technology

According to a case study published by Deciens Capital, SimplyWise initially used a third-party optical character recognition (OCR) provider, which accounted for an estimated thirty to forty percent of the company's gross revenue at one point. Between mid-2022 and 2023, the company developed an in-house OCR tool built on a large language model, a project the case study describes as costing approximately US$100,000.6

See also

See also

References

References

  1. "The AlleyWatch Startup Daily Funding Report — 10/27/2025". AlleyWatch. 27 October 2025. Retrieved 13 May 2026.
  2. Newkirk, Kaitlin; Webber, Sarah (May 2023). "Digital documentation: Avoiding a business-deduction disallowance". Journal of Accountancy. American Institute of Certified Public Accountants. Retrieved 13 May 2026.
  3. "Simplify filing your taxes with this receipt-scanner app". Audacy / NewsRadio 1080 KRLD. 26 February 2024. Retrieved 13 May 2026.
  4. "Tech that can make tax season easier". WPSD Local 6. 28 February 2024. Retrieved 13 May 2026.
  5. "SimplyWise". Accounting Decoded. January 2026. Retrieved 13 May 2026.
  6. "High Margins Made Higher with In-House AI Tool". Deciens Capital. Retrieved 13 May 2026.
External links

    Category:Companies based in New York City Category:Software companies of the United States Category:American companies established in 2020