![]() Together, we can further empower SMBs to transition quickly and easily.”īill.com to acquire Divvy for $2.5 billion was originally published on TechBuzz.newsįull details can be found on the investors site here. We have a shared passion for helping SMBs succeed and both companies are driving our customers’ digital transformations. We are excited to work with the talented Divvy team. Our expanded platform will provide more automation and real-time information to SMBs, enabling them to make more informed decisions. “Customers have been asking us to help them with their spend management, and I am excited that together with Divvy, we can deliver on that ask, furthering our vision to transform SMB financial operations. The 3-year-old Utah-based startup allows businesses to track expenses in real time and offers a credit-card product to customers. “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. Divvy did not disclose the company's valuation in the latest funding. 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.” 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. Ultimate Vision “To help demographics that didn’t receive the opportunities that I did growing up.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. Out Of Sight! “I led a research group that studied elephants in Kenya.” However, Divvy felt right from its inception, and I jumped in once the concept took shape in my mind.”Ī Visionary Is “Someone unafraid to think big and swing for the fences.” See Straight “I’ve suffered from paralysis by analysis like the best of them. Hindsight is 20/20 “I wish I would have prioritized relationship building more in the early stages of my career.” ![]() Divvy is a secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and eliminate expense reports. We’re in the phase where it never really stops.” Contact Email Phone Number +1 3 Divvy software gives users complete control and real-time visibility into company spending while eliminating the hassle of expense reports. But I found greater value in immersing myself into companies rather than case studies.”Ĭlearing The Mind “I spend time with my wife, kids and dogs …. ![]() ![]() It definitely serves as a spring board, and I believe in education as a critical foundation for learning. School of Thought “School didn’t resonate with me. I was competitive, outgoing and stubborn … or so I’m told!” We had a small farm and I raised goats, chickens, and donkeys. Growing Up “I loved sports and animals and most of my life revolved around both of those. This past May, Divvy raised $10.5 million in a Series A funding round led by Pelion Ventures, and including personal investors Josh James of Domo, Aaron Skonnard of Pluralsight, and Jeremy Andrus of Traeger Grills. Plus, Murray has the angel world flapping their wings. The expense management solution company is filling a major hole in the market - and it’s doing so with forward-thinking technology thought up by a business owner, for business owners. Submit expense reports, budget, reimburse employees, and manage virtual cards right from Divvy's platform. But his new venture, Divvy, is shaping up to rule them all. Divvy Expense Management Software Simplify your business' expense reports with Divvy. Divvy + Conquer Blake Murray has become a tech startup titan with roles as both angel investor and startup operator. ![]()
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