“At Divvy, our customers are our true north, and they always have been. “We are excited to be joining forces with to help SMBs grow and thrive by modernizing and transforming their financial operations,” added Divvy CEO and co-founder Blake Murray also in a statement. With Divvy, employers can give employees direct access to funds, effectively eliminating expense reports and retroactive reimbursements. It’s fused with a smart corporate credit card to provide instant visibility and control of company-wide spending.
#BILL.COM DIVVY BARRONONLINE SOFTWARE#
Divvy makes spend management solutions that combine expense management software and smart corporate cards into a single platform. where you can trade fund shares without triggering a tax bill. has agreed to buy Divvy in a deal valued at 2.5 billion. I held that F for 2 decades, thru the divvy suspension and right to today. Our expanded platform will provide more automation and real-time information to SMBs, enabling them to make more informed decisions.”īill.com will acquire Divvy for approximately $625 million in cash and $1.875 billion of stock, subject to adjustments. Divvy is a leading spend and expense management platform for business. Suppose you divvy up your stock portfolio so that you have, say, 25 in a large-company. yet my focus on income that will eventually pay my bills, is way ahead of. “Customers have been asking us to help them with their spend management, and I am excited that together with Divvy, we can deliver on that ask, furthering our vision to transform SMB financial operations. “Since founding, I have been driven by the desire to build solutions that make a real difference for small and midsized businesses,” said CEO and founder René Lacerte in a statement. Divvy will be able to offer automated payable, receivable and workflow capabilities to the more than 7,500 monthly active SMBs that it serves. The cloud-based software provider for small and medium-sized businesses (SMBs) acquired accounting fintech Divvy for 2.5 billion in a stock and cash transaction, per a press release. will offer expense management and budgeting software, combined with smart corporate cards, to its more than 115,000 customers and its network of 2.5 million members. (NYSE: BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs), announced today it has entered into a definitive agreement to acquire Divvy in a stock and cash transaction valued at approximately 2.5 billion.
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