Divvy is a secure financial platform that transforms how businesses manage payments, subscriptions, and expenses. With real-time transaction tracking and smart budgeting tools, Divvy gives companies instant visibility into their spending, helping them optimize cash flow, prevent losses, and eliminate the hassle of reciepts and expense reports for good. 

Divvy was acquired by Bill.com in 2021

Why we invested?

Divvy emerged as a category-defining platform in spend and expense management, combining smart corporate credit cards with intuitive software to help businesses control spend, improve visibility, and scale efficiently. Backed by a highly motivated leadership team and strong institutional support, the company demonstrated the ability to land and grow a diverse, credit-worthy customer base while continuously launching market-leading products. With a robust sales engine, the rise of self-serve adoption, and the addition of offerings like Bill Pay and Divvy Capital, Divvy proved its capacity to hit ambitious growth targets. Operating within a massive addressable market in corporate card spend — and with a unique go-to-market model that delivered low customer acquisition costs, strong differentiation, and sticky customer relationships — Divvy was well-positioned to capture significant market share. This momentum ultimately made the company an attractive acquisition for Bill.com and a prime example of how fintech innovation can scale into long-term market leadership.