Company profile: MileIQ
1.1 - Company Overview
Company description
- Provider of automatic mileage tracking apps and business solutions for individuals and companies. Offers the MileIQ app, which uses device location to log drives and categorize them as business or personal, and MileIQ for Teams to simplify employee mileage reimbursement with automatic tracking and reporting. Supports mileage deductions and expense management. Microsoft-owned.
Products and services
- Automatic Mileage Tracking: An automatic service that tracks and logs drives to calculate mileage for deductions and expenses for self-employed workers and large companies
- MileIQ for Teams: A business-class mileage tracking product that simplifies employee reimbursement through automatic tracking and reporting features for companies needing manageable mileage expense reports
- MileIQ App: A location-services-based mobile app that automatically tracks mileage, logs trips, and lets users categorize drives as business or personal with a swipe.
Key contacts
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Financial details
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1.2 - Competitors and similar companies to MileIQ
AnchorPoint
HQ: United States
Website
- Description: Provider of business support systems (BSS) for comprehensive telecommunication management and customer care & billing (CC&B) solutions, as well as TEM solutions worldwide.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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View full AnchorPoint company profile →
Centreviews
HQ: United States
Website
- Description: Provider of cloud-based robotic process automation for back-office finance, including accounts payable and receivable automation with 3-way PO matching, automated payment methods, billing, collections, and cash management, plus intelligent data management for secure document storage, instant access, and controlled permissions to streamline invoice processing, approval workflows, and data extraction.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
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Hubdoc
HQ: Canada
Website
- Description: Provider of a cloud platform that uses machine learning to automate capture, extraction, organization, and processing of financial documents (bills, receipts, invoices). Integrates with Xero, QuickBooks Online, and Bill.com; supports collaboration, cloud backup via Box, and mobile apps for iOS and Android, helping accountants and bookkeepers serve small businesses.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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PowerPlan
HQ: United States
Website
- Description: Provider of integrated accounting, tax, budgeting, and analytics software for asset-intensive businesses, delivering financial insight into complex rules and regulations. Offerings include income & property tax automation; project, asset & lease accounting; rate case support; planning & budgeting; enabling technologies for data access, analysis, integration, and automation across on-premise and cloud; and implementation services.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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ContaSimple
HQ: Spain
Website
- Description: Provider of a web-based tool for freelancers and small businesses to track and manage accounts, bills, and tax filings; maintain budgets; generate accurate reports; and manage customers and suppliers, offering a comprehensive view of their finances. Launched in 2009 and based in Barcelona, Spain.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full ContaSimple company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for MileIQ
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to MileIQ
2.2 - Growth funds investing in similar companies to MileIQ
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4 - Top valuation comps for MileIQ
4.2 - Public trading comparable groups for MileIQ
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