Expense Management SoftwareDraper, UtahFounded 2016
Divvy was acquired by Bill.com in 2021.
Divvy is a Utah-based fintech company that combines corporate card issuance with expense management, spend management, and accounts payable software into a single free platform for small and midsize businesses.
Divvy's annual revenue was $100M in May 2021, its last figure before Bill.com bought it (source not recorded).
| As of | Revenue | Source |
|---|---|---|
| Apr 2019 | $35M | – |
| May 2021 | $100M | – |
– source not recorded
Bill.com owns Divvy. It bought the company in May 2021 for $2.5B.
Divvy has raised $417M across five rounds since 2017. The latest was a $165M funding round in 2021.
| Date | Round | Raised | Valuation | Source |
|---|---|---|---|---|
| 2021 | Funding round | $165M | $1.6B | Alex Bean on cameraWatch at 7:13 |
| Apr 2019 | Series C | $200M | $500M | – |
| Jul 2018 | Series B | $35M | $173M | – |
| May 2018 | Funding round | $10M | – | Alex Bean on cameraWatch at 6:48 |
| Dec 2017 | Seed | $7M | – | – |
| Total raised | $417M |
Nathan Latka has interviewed Divvy once, speaking with Alex Bean. Each figure links to the second it was said.
Watch: How Divvy Reached 10,000 Customers and a $1.6B Valuation with Free Expense Management Software (Interview with Co-Founder Alex Bean)May 2021 · Alex Bean, Co-Founder
Blake Murray founded Divvy in 2016 with Alex Bean and led it as CEO. Divvy had 250 employees (August 2020), up from 200 a year earlier.
| As of | Employees | Source |
|---|---|---|
| Aug 2020 | 250 | – |
| Apr 2019 | 200 | – |
Before Bill.com bought it, Divvy's annual revenue was $100M in May 2021 (source not recorded).
Bill.com owns Divvy. It bought the company for $2.5B in May 2021.
Divvy raised $417M across five funding rounds before Bill.com bought it. The last was a $165M funding round in 2021.
Divvy had 250 employees in August 2020.
Alex Bean and Blake Murray founded Divvy in 2016.
4 said on camera. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Oct 30, 2026Data disclaimerReport a correctionClaim this profile