Divvy, a leading next-gen corporate spend management platform, crossed over $1 billion in credit underwritten on their platform today. This milestone comes just nine months after the official product launch in January 2018.
Divvy’s exponential growth is fueled by an industry-changing product that turns the status quo for budgeting and reporting on its head. Within the Divvy web and mobile app, businesses can proactively cap corporate credit card spend, automate expense reports, and track transactions in real-time—all at zero cost.
Divvy is the only spend management platform built hand in hand with a payment platform. While other software struggles to provide a reasonable solution for existing credit card platforms, Divvy provides companies with a line of credit, corporate cards for every employee, and powerful expense management and budgeting tools.
Divvy has raised $57 million in funds through their Seed, Series A, and Series B rounds. They were also recently named the Top Startup to Watch by Utah Valley BusinessQ as well as Comparably’s list of happiest employees.
“We’re on a rocket ship. The growth we’ve seen over the past nine months is beyond anything we could have projected,” said co-founder and CEO Blake Murray. “We want to harness this energy and funnel it back into improving our product and making it that much easier for businesses to spend their money smarter.”
Divvy is a secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and eliminate expense reports. By integrating real-time tracking for every business transaction, Divvy provides organizations with instant insight into their spend. With Divvy, you can make informed cash flow decisions, curb losses before they happen, and never save a receipt again. For more information on Divvy visit getdivvy.com.