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, UT, USMap
Websitegetdivvy.com
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Latest Updates

Employees (est.) (Dec 2020)314(+6%)
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, UT, US (HQ)
2500 Executive Pkwy #400
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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

14 days ago

Divvy investors

New Enterprise Associates, Insight Venture Partners, Pelion Venture Partners, Josh James, Aaron Skonnard, NEA, Pelion Ventures, Insight Partners, PayPal Ventures, Album VC, Pelion, Acrew, Hanaco, Whale Rock, Schonfeld
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.
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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

1.7b
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

93/100

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Divvy Online and Social Media Presence

Divvy's Trends

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Divvy News and Updates

January 07, 2021

Divvy scoops up mega-round for corporate spend management

Summary List PlacementThe US-based fintech has raised a $165 million Series D funding round from investors including Hanaco, PayPal Ventures, and Whale Rock, per TechCrunch. The fresh funding values Divvy at $1.6 billion, marking its entrance to the unicorn club. Divvy operates a corporate spend ma…
January 05, 2021

Newly minted unicorn Divvy raises $165M to ease enterprise spend management

Divvy Inc., a startup with a cloud service for managing corporate spending, this morning divulged that it has closed a $165 million funding round at a $1.6 billion valuation. The round included the participation of more than a half-dozen investors. The consortium includes PayPal Holdings Inc.’s ven…
January 05, 2021

Divvy raises $165 million to give companies greater control and insights into their expenses

Expenses management platform Divvy has raised $165 million from investors including PayPal Ventures at $1.6 billion valuation.
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…
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Divvy Blogs

January 07, 2021

7 best finance podcasts of 2021

The post 7 best finance podcasts of 2021 appeared first on Divvy.
January 05, 2021

$1.6B valuation follows $165M Series D—Thanks to you

The post $1.6B valuation follows $165M Series D—Thanks to you appeared first on Divvy.
December 30, 2020

What you need to know about round two of the Paycheck Protection Program

The post What you need to know about round two of the Paycheck Protection Program appeared first on Divvy.
December 29, 2020

How to apply for a PPP loan when self-employed

The post How to apply for a PPP loan when self-employed appeared first on Divvy.
December 22, 2020

What are corporate budgeting exercises?

The post What are corporate budgeting exercises? appeared first on Divvy.
December 17, 2020

Budgeting vs. financial forecasting: What’s the difference?

The post Budgeting vs. financial forecasting: What’s the difference? 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 320 employees.

  • What is Divvy revenue?

    Latest Divvy annual revenue is $8 m.

  • What is Divvy revenue per employee?

    Latest Divvy revenue per employee is $25 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.