Alex Bean

Co-Founder at Divvy

GetLatka interview

How Divvy Reached 10,000 Customers and a $1.6B Valuation with Free Expense Management Software (Interview with Co-Founder Alex Bean)

Alex Bean (Co-Founder of Divvy) spoke to Nathan Latka on May 4, 2021.

Divvy figures from the interview

Valuation (2021): $1.6B
Series D Raise (2021): $165M
Customers (2021): 10,000+

“Yeah. So real quick on the scooter business. I mean, I actually feel like those are some of my most informative years or formative years. I mean, I was in my mid twenties, knew the owner of the business, he got sick and he said, hey, I'm sick. Can you come in and run it?”

“So I would send seven guys to Vegas on a trade show conference. And we're a small company, we didn't have like a ton of cash. So spending the budget of 15,000 for the conference was like, imperative. Like you can't go over. But everyone was using their own card, we were getting expense reports, you know, a month and a half late. So we were going over without knowing we were going over. And Divvy would have solved that entirely.”