OverviewSuggest Edit

Divvy is a financial technology company focused on payment processes and expense management. It provides a payment platform for business that automates the expense report process and delegates the payment process. The company also offers a virtual card - a unique 16-digit card number that’s digitally-generated and tied to a client's account. The client can use a virtual card for online payments.

TypePrivate
Founded2016
HQRiverton, UT, US
Websitegetdivvy.com
Overall CultureA

Latest Updates

Employees (est.) (Jun 2021)468(+7%)
Revenue (Y, 2019)$8 M
Cybersecurity ratingAMore

Key People/Management at Divvy

Blake Murray

Blake Murray

Founder and CEO
Alex Bean

Alex Bean

Co-Founder and CBO
Woody Klemetson

Woody Klemetson

Vice President of Sales
Pieter van Ispelen

Pieter van Ispelen

VP, Data Science
Gregory Larson

Gregory Larson

SVP Engineering
Lyndsay Anderson

Lyndsay Anderson

Head of Compliance and Risk Operations
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Divvy Office Locations

Divvy has an office in Riverton
Riverton, UT, US (HQ)
13707 S 200 W #100
Show all (1)

Divvy Financials and Metrics

Summary Metrics

Founding Date

2016

Divvy total Funding

$417.5 m

Divvy latest funding size

$165 m

Time since last funding

5 months ago

Divvy investors

Divvy's latest funding round in January 2021 was reported to be $165 m. In total, Divvy has raised $417.5 m. Divvy's latest valuation is reported to be $1.7 b.
View all funding rounds

Divvy Revenue

Divvy's revenue was reported to be $8 m in Y, 2019
USD

Revenue (Y, 2019)

8.0m

Market valuation

1.7b
USDY, 2019E

Revenue

8.0m
USDY, 2019

Revenue/Employee

47.8k
Show all financial metrics

Divvy Operating Metrics

Divvy's Enterprise Customers was reported to be 3 k in Apr, 2019.
Jul, 2018Apr, 2019

Enterprise Customers

7003 k
Show all operating metrics

Divvy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Divvy Online and Social Media Presence

Embed Graph

Divvy Company Culture

  • Overall Culture

    A

    89/100

  • CEO Rating

    A+

    95/100

  • Compensation

    B+

    82/100

  • Diversity

    A+

    96/100

Learn more on Comparably

Divvy News and Updates

Bill.com makes major acquisition play with $2.5 billion purchase of Divvy

Summary List PlacementThe 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. The deal is expected to close by the end of September and is subject to regulatory approvals a…

In $2.5B fintech deal, Bill.com to acquire corporate credit card startup Divvy

Corporate finance software provider Bill.com LLC has signed a $2.5 billion deal to acquire DivvyPay Inc., better known as Divvy, whose cloud service enables companies to issue business credit cards to their employees. Publicly traded Bill.com said on Thursday that it’s financing the transaction wit…

Bill.com acquires expense management software provider Divvy

Bill.com, 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 appro…

Brex, Ramp tout their view of the future as Divvy is said to consider a sale to Bill.com

Earlier today recent dog-parent Alex Konrad and fellow Forbes staffer Eliza Haverstock broke the news that Divvy, a Utah-based corporate spend unicorn, is considering selling itself to Bill.com for a price that could top $2 billion. For the fintech sector, it’s big news. Corporate spend startups inc…

Bill.com Is Set To Acquire Utah Billion-Dollar Software Startup Divvy

Scoop: Bill.com is set to acquire Utah unicorn software startup Divvy. The deal could be worth more than $2 billion.
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Divvy Blogs

3 ways you’re letting fear sabotage your accountant marketing

The post 3 ways you’re letting fear sabotage your accountant marketing appeared first on Divvy.

How to create an IT budget

The post How to create an IT budget appeared first on Divvy.

Xero accounting review

The post Xero accounting review appeared first on Divvy.

Becoming the one-stop shop for business finances

The post Becoming the one-stop shop for business finances appeared first on Divvy.

5 Ways to Keep Your Business Budget Intact

The post 5 Ways to Keep Your Business Budget Intact appeared first on Divvy.

What’s the difference between a credit, prepaid, and charge card?

The post What’s the difference between a credit, prepaid, and charge card? appeared first on Divvy.
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Divvy Frequently Asked Questions

  • When was Divvy founded?

    Divvy was founded in 2016.

  • Who are Divvy key executives?

    Divvy's key executives are Blake Murray, Alex Bean and Woody Klemetson.

  • How many employees does Divvy have?

    Divvy has 468 employees.

  • What is Divvy revenue?

    Latest Divvy annual revenue is $8 m.

  • What is Divvy revenue per employee?

    Latest Divvy revenue per employee is $17.1 k.

  • Who are Divvy competitors?

    Competitors of Divvy include Happy Money, Teampay and Nexonia.

  • Where is Divvy headquarters?

    Divvy headquarters is located at 13707 S 200 W #100, Riverton.

  • Where are Divvy offices?

    Divvy has an office in Riverton.

  • How many offices does Divvy have?

    Divvy has 1 office.