Divvy

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
HQLehi, USMap
Websitegetdivvy.com
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Latest Updates

Employees (est.) (Sept 2020)289
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
Molly McQueen Hansen

Molly McQueen Hansen

Head of Compliance & Risk Operations
Woody Klemetson

Woody Klemetson

Vice President of Sales
Pieter van Ispelen

Pieter van Ispelen

VP Data Science
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Divvy Office Locations

Divvy has an office in Lehi
Lehi, US (HQ)
2500 Executive Pkwy #400
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Divvy Financials and Metrics

Summary Metrics

Founding Date

2016

Divvy total Funding

$252.5 m

Divvy latest funding size

$200 m

Time since last funding

a year ago

Divvy investors

New Enterprise Associates, Insight Venture Partners, Pelion Venture Partners, Josh James, Aaron Skonnard, Pelion Ventures, Insight Partners, Album VC
Divvy's latest funding round in April 2019 was reported to be $200 m. In total, Divvy has raised $252.5 m. Divvy's latest valuation is reported to be $700 m.
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Divvy Revenue

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

Revenue (Y, 2019)

8.0m

Market valuation

700.0m
USDY, 2019E

Revenue

8.0m
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USDY, 2019

Revenue/Employee

47.8k
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Divvy Operating Metrics

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

Enterprise Customers

700 3 k
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Divvy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

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Divvy Online and Social Media Presence

Divvy's Trends

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Divvy News and Updates

February 04, 2020

Divvy Expands Into Short-Term Loans With Divvy Capital

Expense management fintech Divvy is expanding into lending by enabling its small business clients to float invoices for as long as 90 days.
September 20, 2019

[App Fridays] Divvy up your To Do into daily and weekly goals with Microsoft’s revamped task management app

Microsoft’s revamped task management app To Do lets you design your calendar on specific needs, and toggle between personal, family, work, and more.
August 12, 2019

Read the pitch deck that helped Divvy raise $30 million to provide alternate financing for prospective homebuyers

Buying a home, particularly for Millennials, is a complicated and expensive process – at times it can be complicated and expensive enough to discourage potential buyers from even trying. Enter Divvy, one of the many Silicon Valley startups working to change the way people buy homes. The company is s…
August 06, 2019

Divvy and Credit Suisse Close $500 Million Purchase Agreement on Divvy Receivables

LEHI, Utah, Aug. 6, 2019 /PRNewswire/ -- Divvy, the leader in spend and expense management, today announced a $500 million purchase agreement with Credit Suisse, one of the world's leading financial service providers. "This purchase agreement demonstrates Divvy's strength in the market...
May 02, 2019

US fintech Divvy bags $200 million in venture capital

This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. Divvy, a US-based fintech startup that helps businesses manage expenses, has secured a $200 million Series C…
April 30, 2019

Divvy, the Utah startup that keeps a safe distance from the 'noise' of Silicon Valley, just raised $200 million in its third funding round in a year

Divvy, a platform for tracking business expenses, closed $200 million in Series C funding Tuesday. NEA led the round, the company's third in less than a year. It has raised $245.5 million since 2017. Existing investors Pelion Venture Partners and Insight Venture Partners also participated in Tuesd…
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Divvy Blogs

August 26, 2020

CFO’s guide to expense management

August 25, 2020

How to choose a pay schedule for your business

The post How to choose a pay schedule for your business appeared first on Divvy.
August 20, 2020

How to prevent expense fraud

The post How to prevent expense fraud appeared first on Divvy.
August 18, 2020

Why and when you should hire a project manager

The post Why and when you should hire a project manager appeared first on Divvy.
August 13, 2020

The 5 benefits of using virtual cards

August 06, 2020

What are the different types of business budgeting methods?

The post What are the different types of business budgeting methods? 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 Molly McQueen Hansen.

  • How many employees does Divvy have?

    Divvy has 289 employees.

  • What is Divvy revenue?

    Latest Divvy annual revenue is $8 m.

  • What is Divvy revenue per employee?

    Latest Divvy revenue per employee is $27.7 k.

  • Who are Divvy competitors?

    Competitors of Divvy include Teampay, Nexonia and Rydoo.

  • Where is Divvy headquarters?

    Divvy headquarters is located at 2500 Executive Pkwy #400, Lehi.

  • Where are Divvy offices?

    Divvy has an office in Lehi.

  • How many offices does Divvy have?

    Divvy has 1 office.