![]() ![]() For more information, please see our Privacy Policy Page. Our affiliate compensation allows us to maintain an ad-free website and provide a free service to our readers. This can affect which services appear on our site and where we rank them. While we strive to keep our reviews as unbiased as possible, we do receive affiliate compensation through some of our links. SAN JOSE, Calif.- (BUSINESS WIRE)- (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 completed its acquisition of Divvy, a leader in spend management, for approximately 2.5 billion i. Our mission is to help consumers make informed purchase decisions. Clarify all fees and contract details before signing a contract or finalizing your purchase. Divvy customers on average build up 8,200 in savings while living in a house acquired by the startup. For the most accurate information, please ask your customer service representative. This structure drove the company to a 2.5 billion-dollar acquisition by. Pricing will vary based on various factors, including, but not limited to, the customer’s location, package chosen, added features and equipment, the purchaser’s credit score, etc. Divvys CRO, Sterling Snow, created a structure aligning these two teams with. ![]() So yes, Divvy Credit gives you the spending power of a business credit card―but thanks to software integrations and other features, it does way more than just that.ĭisclaimer: The information featured in this article is based on our best estimates of pricing, package details, contract stipulations, and service available at the time of writing. Its software can notify you when employees spend money on their cards, categorize transactions, reimburse expenses, create expense reports, and more―all while integrating with popular business accounting software.Īnd don’t forget that Divvy also lets you make unlimited virtual cards (great for fraud prevention) and earn rewards on your business spending. You can also drill down to create budgets for departments, teams, and even specific projects.īeyond budgeting, Divvy also offers simple expense management. You can also see how your business’s actual budget looks―who’s doing the spending, where they’re spending, and so on. With Divvy, you can set budgets for employee cards―so no one ever spends more than you want them to. The total purchase price of around 2.5 billion is. But Divvy makes it easy to keep corporate spending under control. As expected, is buying Divvy, the Utah-based corporate spend management startup that competes with Brex, Ramp and Airbase. See, Divvy lets you have as many employee cards as you want. can offer expense management and budgeting software combined with smart corporate cards to its more-than 115,000 customer base and its network of 2.Divvy offers more insight into and control over business spending than your average business credit card. ![]() ![]() The combination will expand the market opportunity for both companies.is a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs).Divvy modernizes finance for business by combining expense management software and smart corporate cards into a single platform.will acquire Divvy for $625 million in cash and approximately $1.875 billion of Common Stock, subject to customary adjustments for transactions of this nature.On May 6, 2021, (NYSE:BILL) announced it has entered into a definitive agreement to acquire Divvy in a stock and cash transaction valued at approximately $2.5 billion Today, were proud to announce that Divvy has officially teamed up with. ![]()
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