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        • BUSINESS TYPES

          Small Businesses

          For those businesses are just getting started and have less history. Typically 1-20 employees.

          Midsize Businesses

          For those businesses who've been at it for a while, and are between 21-500.

        • INDUSTRIES

          Construction

          For construction companies looking to streamline budgeting and expense management processes.

          Technology

          For fast-paced software businesses that need a platform that can keep up with their growth.

          Accounting Firms

          For accounting firms to streamline the spend and expense management of your clients making life easier for you and them.

          E-commerce and Retail

          For e-commerce and retail companies that value uninterrupted advertising for their campaigns.

          Healthcare

          For healthcare providers to increase control over their finances with minimal time investment.

        • OVERVIEW

          corporate card
          Business Credit

          Fast and flexible credit for businesses of all sizes. Apply for a credit line in minutes.

          spend management
          Spend Management

          Budgeting software that helps you take control of your budgets and spend smarter.

          expense management
          Expense Management

          Expense management software that helps to simplify and streamline your expenses.

          ap management
          AP Automation

          Intelligent accounts payable software that reduces time spent on AP by 50%.

        • FEATURES

          Virtual Cards

          Protect your business from fraud and overspending with Divvy virtual cards.

          Reimbursements

          Out-of-pocket expenses, card spend, and reimbursements all in one system.

          Rewards

          Every Divvy customer qualifies to earn rewards from their card spend.

          Credit Builder

          The pay-as-you-go program for businesses that need to build credit.

          Accounting Integrations

          Preserve your accounting processes with our built-in software integrations.

          Mobile App

          4.7/5 rated mobile app that brings budgets, virtual cards, and more into a single app.

          Reporting and Insights

          Catch abnormalities and keep your teams accountable with Divvy's reporting tools.

          Payments Services

          Streamline your payables process with Divvy's free vendor payment solution.

This morning, we announced a $165 million funding round at a valuation of $1.6 billion

The Series D investment includes new investors, Hanaco, PayPal Ventures, Whale Rock, Schonfeld, and participation from previous backers, NEA, Insight Venture Partners, Acrew, and Pelion. 

We wouldn’t be here today without the support and commitment of our customers and our team. I wanted to take a moment to thank you for the commitment you’ve shown us, especially through the past year.

The 2020 rollercoaster

2020 started strong. We had an aggressive financial plan that was going to stretch us, and we were ahead of schedule. We were confident that this would be a year to remember. 

And we were right. 

When COVID-19 hit, we saw many FinTech companies hurting, but we also saw the best companies finding a way to succeed. We watched companies like PayPal, Square, and Shopify, being creative and inventive. 

We were committed to follow their lead—to adapt, to innovate, to thrive.

Collective resolve

As a team, we internalized the mantra of Navy Seals: “No one is coming. It’s up to us.”

In spite of the hard, our team kept fighting, narrowing our focus, and ensuring our business was built for the future. 

Dedicated to our core elements, we were able to reduce acquisition costs by 75% and double our contribution margin—allowing us to scale more efficiently and invest more in our product development and customer teams.

We didn’t just survive 2020, we emerged as a more effective company. We saw everyone at Divvy rally together behind a common goal with an obsessive focus on our customers. 

This collective resolve and the sheer grit of our employees is what makes Divvy special.

Divvy’s why

2020 brought to the surface what we have always known: Divvy is here to serve business owners, empowering them to take control of their financial health and dictate their own futures. We can think of no greater calling. 

At its heart, Divvy supports the American dream.

Divvy serves businesses across every industry by providing the capital and financial software they need to thrive.

By doubling down on our mission, we’ve seen monthly sign-ups increase nearly 500% since March of this year.

Today, we help over 9,000 companies. We grow together. We win together.

What’s next?

This round of funding empowers us to continue to support businesses by providing the capital they need to thrive and cutting-edge financial software to manage it. 

We’ve added Tier 1 strategic investors like PayPal Ventures, the best hedge funds like Whalerock and Schonfeld, and international late-stage growth backers like Hanaco.

With a valuation of $1.6 billion, we’ve joined the ranks of previous Utah tech unicorns like Qualtrics, Pluralsight, and Domo. 

Most importantly, our Series D allows us to continue to invest in our people and our product. We are humbled and thankful to be here today.

With Divvy, finance leaders get real-time visibility into their company spend and flexible controls that prevent teams from ever going over budget. Learn more

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