#Bill.com divvy software#

“Since founding, I have been driven by the desire to build solutions that make a real difference for small and mid-sized businesses,” says René Lacerte, CEO and founder. Amazing to think the company went from wireframes in 2016 to a $2.5bn exit five years later.” “The company had no working product or employees yet. “I remember being pulled into a meeting early in the morning at SVB to listen to a founder show some wireframes and talk about their idea,” says Garcia in a LinkedIn post. Jason Garcia left Silicon Valley Bank to join Divvy as their head of Business Development, a role he held till March of last year. Today I’m proud that Divvy is joining to bring the one-stop-shop platform that our customers and the market have been asking for.”

#Bill.com divvy software#

As we listened to our customers, we heard them ask for a comprehensive payments platform so that they don’t have to use multiple software systems to manage their finances. “At Divvy, our customers are our true north, and they always have been. “We are excited to be joining forces with to help SMBs grow and thrive by modernizing and transforming their financial operations,” says Blake Murray, Divvy CEO and co-founder. Utah investors in Divvy include Album Venture Partners, Pelion Ventures Partners, Josh James of DOMO, and Aaron Skonnard of Pluralsight.

The deal entails a stock and cash transaction valued at approximately $2.5 billion, and pending regulatory approval should finalize by October.

Led by Blake Murray, CEO and Co-Founder, Divvy combines expense management software and smart corporate cards into a single platform to enable finance leaders to get real-time visibility into their company spend and flexible controls that prevent teams from ever going over budget.Divvy, the Draper Utah-based fintech startup helping employers manage company spending, is being acquired by, the San Jose-based leader in cloud-based software to automate back-office financial operations. has offices in San Jose, California and Houston, Texas. accounting firms, and accounting software providers. financial institutions, the majority of the top 100 U.S. The company partners with several of the largest U.S. Customers use the AI-enabled, financial software platform to manage end-to-end financial workflows and to process payments. Led by René Lacerte, CEO and Founder, is a provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses. With the acquisition of Divvy, will allow businesses to digitally improve their financial operations and automatically manage accounts payable, accounts receivable, and corporate card spend all in one place. (NYSE:BILL), a San Jose, Calif.-based provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs), completed its acquisition of Divvy, a Draper, Utah-based spend management company, for approximately $2.5 billion in stock and cash.