The round valued Divvy at USD 1.6 billion. This includes a USD 165 million Series D round in January 2021 that saw Hanaco, PayPal Ventures, Whale Rock Capital Management, and Schonfeld Strategic Advisors participate. Divvy has raised USD 417.5 million in funding, as Crunchbase shows. The boards of both Divvy and have approved the sale, which is expected to close by the end of ’s first fiscal quarter ending on 30 September 2021.įounded in 2016, Divvy provides software that helps businesses combine expense management software and smart corporate cards onto a single platform. The deal calls for to pay USD 625 million in cash plus USD 1.875 billion in stock, a statement said. Question: But what if I already use another corporate credit card that gives me rewards?ĭivvy also provides rewards and talks directly to our spend management software providing you and your accountants real time visibility into your business spend, making month end closing the books faster and more streamlined than ever.US-based fintech has announced it is buying Divvy, an expense reporting start-up, for USD 2.5 billion. And lite integrations through CSV imports with many more systems. Yes! Divvy has robust integrations with QuickBooks Online, Sage Intacct, and Oracle NetSuite. Question: Does Divvy integrate with my accounting software? Divvy provides credit cards to every employee-for free-so that you can track company spend in real time and set up budgets that prevent overspending. By using software that ties directly to your business credit card you can completely eliminate these cumbersome processes, saving you time and money. Old school expense management processes involved a lot of data entry and paper trails. Support Email: Phone: (855) 229-3111 FAQ Question: What’s the benefit of having a credit card tied to your expense management software? Once you become a customer, you have access to a live US-based support team anytime during normal business hours, who usually respond in under a minute. A team of account executives, implementation specialists, and customer success managers are here to learn your business needs and support you for a frictionless experience. QuickBooks Desktop and Xero are coming this year.ĭivvy takes great pride in providing exceptional customer support from application to onboarding and throughout your experience with our software. Automation that starts with the swipe of a card, and ends with a robust automated sync into QuickBooks Online, Sage Intacct, and Oracle NetSuite. Drill down into spend by person, card, budget to see more details. Analyze company spend patterns and trends to improve financial planning. With real-time tracking, Divvy gives you the tools to take control of your budgets. Build a budget with admins and users, divvy out funds, and watch spend come in exactly on target. Start by applying for a credit line through a simple online application. Divvy makes it easy to access the funding you need, no matter the size of your business. Divvy provides expense reporting in just a few clicks, so you can understand and categorize spending in real time, and have a faster month-end.įast and flexible business credit. Key BenefitsĮxpense management software made easy. Make your expense management process easier with unlimited virtual cards, physical cards for all employees, flexible budgets and employee reimbursements. Increase operational efficiency and accuracy with Divvy’s seamless mobile app and desktop solution, available at no cost. Never go over budget again! Divvy puts you in the driver seat of expense management: control spending before it happens and see card swipes in real time to streamline budgeting and simplify month-end close.
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