DivvyPay
Latest round
- Series D
Last raised
- Jan 2021
Total raised
- $411M
Investors
- 9
About DivvyPay
Founded in 2016 by CEO Blake Murray, and based in Utah, US, DivvyPay, Inc. offers a spend and expense management platform for businesses and modernizes finance. The company offers a smart corporate credit card to provide instant visibility and control of companywide spending for small businesses to large enterprises. In 2021, DivvyPay, Inc.com, LLC acquired DivvyPay, Inc.5 billion in cash and stock. The transaction is expected to close in September 2021. As of 2021, the company has helped over 9,000 companies and staffs over 300 employees. The company offers a spend management platform for small and mid-size businesses and provides access to scalable business cards, budget tracking, and management of invoices. The company also provides a mobile app that makes expense management easy by providing notifications, additional required information, and review and syncing of transaction data, along with secure virtual cards, customizable categorization, integrations, dispute resolution, and reimbursements. The company’s portfolio of products includes providing business credit and virtual cards with a unique 16 digit digitally created number for every employee; a spend management platform that offers budget management, budget visibility, and the ability to send and receive money; an expense management software that offers expense automation, reimbursements, subscription management, and accounts integration; as well as AP management such as accounts payable, invoice automation, and OCR technology. The company generates revenue when business owners and their designated employees sign up and receive their Divvy cards. On swiping the Divvy cards such as Mastercard® and Visa® business cards, the merchant shares the fee with Divvy.com, Divvy will be able to offer automated payable, receivables, and workflow capabilities to over 75000 monthly active SMBs that it serves.
Who invested in DivvyPay
9 investors across 4 rounds
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Questions about DivvyPay
Who invested in DivvyPay?
DivvyPay has 9 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has DivvyPay raised?
DivvyPay has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did DivvyPay last raise money?
DivvyPay's most recent round on record is a Series D, in Jan 2021.
What does DivvyPay do?
Founded in 2016 by CEO Blake Murray, and based in Utah, US, DivvyPay, Inc.
Where is DivvyPay headquartered?
DivvyPay is headquartered in Draper, US.
Which VCs invest in companies like DivvyPay?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at DivvyPay's stage. Their profiles are linked below.
VCs backing financial services startups at Series D
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