![]() ![]() The valuation of $1.6 billion and the addition of key investors validates Divvy's ambition to modernize financial processes by combining credit, vendor, and spend management into a single platform. As a result, Divvy has driven a 500% increase in monthly sign-ups since March 2020. We're fortunate to be able to build for companies of all sizes and we're grateful to everyone who has helped us get here."ĭivvy's simplified process and cost-saving benefits are especially important to Main Street businesses that are navigating the challenges and opportunities brought on by the COVID-19 pandemic. "We're not just building for tech startups-we help businesses across the country by providing the capital and financial software they need to thrive. "The best in every vertical choose Divvy," said Blake Murray, CEO of Divvy. ![]() A rapidly growing number of businesses are choosing Divvy, including tech companies like Noom, e-commerce merchants like Solo Stove and Rhone, vision care leaders like EyeCare Partners, LLC, and iconic sports franchises like the Utah Jazz and the Atlanta Dream. The Series D investment includes new investors Hanaco, PayPal Ventures, Whale Rock, Schonfeld, and participation from previous backers NEA, Insight Venture Partners, Acrew, and Pelion.ĭivvy has driven a 500% increase in monthly sign-ups since March 2020.īy combining free expense management software with corporate credit cards, Divvy's centralized platform allows businesses to manage their spend with real-time visibility and control over their budgets. 5, 2021 /PRNewswire/ - Divvy, a leader in spend management, today announced a $165 million funding round at a valuation of $1.6 billion. ![]()
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