#DIVVY CRUNCHBASE SOFTWARE#

Served as financial advisor to Fenwick & West acted as legal counsel. Our expanded platform will provide more automation and real-time information to SMBs, enabling them to make more informed decisions,” saidīill.com CEO and founder, in the statement.

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 midsize businesses. News of the deal caused ’s stock to gain nearly 14% in aftermarket trading to $148.50. By buying Divvy, will be able to offer expense management and budgeting software, along with smart corporate cards, to its more than 115,000 customers and its 2.5 million network members.

#DIVVY CRUNCHBASE SOFTWARE#

The much bigger, which employs roughly 800 people and has a $10.7 billion market capitalization, offers cloud-based software that helps small and midsize businesses automate their back-office financial operations. “We are excited to be joining forces with to help SMBs grow and thrive by modernizing and transforming their financial operations,” Blake Murray, Divvy CEO and co-founder, said in a statement. Divvy has about 440 employees, according to an investor deck about the deal. This includes a $165 million Series D round in January that saw Hanaco, PayPal Ventures, Whale Rock Capital Management, and Schonfeld Strategic Advisors participate. Divvy has raised $417.5 million in funding, Crunchbase said. By integrating real-time tracking for every business transaction, Divvy provides organizations with instant insight into their spend. Founded in 2016, Divvy provides software that helps businesses combine expense management software and smart corporate cards onto a single platform. Divvy is a secure financial platform for businesses to manage payments and subscriptions, build strategic budgets. Spend Smarter Divvy, a company, is a publicly traded company and a secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and eliminate expense reports.

Divvy crunchbase