Everlance Company Research Report

Company Overview

• Name: Everlance

• Mission: Everlance aims to be a modern mileage and expense management partner, providing tools that help businesses and independent workers save time and money.

• Founded: 2015

• Founders: Alex Marlantes and Gabriel Garza

• Key People:

• CEO: Alex Marlantes is one of the co-founders and currently serves as CEO.

• Headquarters: 595 Pacific Ave, 4th Fl, San Francisco, CA 94133, USA

• Number of Employees: Between 51-200 employees

• Revenue: No information is available

• Known For: Everlance is known for its top-rated mileage and expense tracking app, which has garnered over 4 million users.

Products

Mileage and Expense Tracking App

• Description: An app that automatically tracks mileage and logs expenses, designed to maximize tax deductions and reimbursements for users.

• Key Features:

• Automatic Mileage Tracking: Uses GPS to record trips automatically, eliminating manual entry.

• Expense Management: Syncs with bank accounts or credit cards to log expenses automatically.

• Deduction Finder: Scans transactions to find potential tax deductions, optimizing user savings.

• Privacy: Ensures that all data is securely stored in the cloud, giving users full control over what is captured and shared.

• IRS-Compliant Downloads: Users can export mileage and expense reports compliant with IRS regulations at any time.

• Multi-platform Access: Available on both Android and iOS platforms for convenience.

Everlance for Companies

• Description: Provides an end-to-end solution for businesses to manage mileage, expense tracking, and reimbursements efficiently.

• Key Features:

• Real-time GPS Tracking: Offers precise mileage tracking more accurate than traditional methods, saving time and reducing costs.

• Customizable Reporting and Reimbursements: Includes FAVR, CPM, and other reimbursement options tailored to employee needs.

Recent Developments

• Acquisition by Motus: On February 19th, 2025, Everlance was acquired by Motus, which aims to expand its capabilities in vehicle reimbursement and risk mitigation. This strategic move is expected to optimize spend, mitigate risk, and increase productivity for companies of all sizes.

• Partnerships:

• Column Tax Partnership: Everlance announced a partnership with Column Tax to integrate in-app tax filing, simplifying tax processes for users.

• Badger Maps Collaboration: Aimed at optimizing vehicle reimbursement programs and route planning.

• New Features:

• EverPay Platform: Set to launch in 2025, this platform will offer instant (4 seconds versus the traditional 4-business-day period) mileage reimbursement payments.

This report comprehensively covers the key aspects of Everlance, including its current initiatives and product offerings, and highlights recent developments that position the company for future growth and innovation.