Before customers switch to Divvy, they consistently rank access to capital as their biggest obstacle to growth.
It’s no surprise that businesses struggle to secure capital through traditional financing routes. Factors like lengthy applications, complicated fees, and confusing collateral requirements can be major roadblocks.
Introducing Flex Plans for Bill Pay
We’re building out our Divvy Capital offerings to cater to businesses of all shapes and sizes—starting with our first product launch, Flex Plans for Bill Pay.
Divvy customers who qualify for Flex Plans for Bill Pay can improve their cash flow at the click of a button. By setting up Flex Plans, Divvy pays your vendors right away, and you get to choose your repayment schedule.
What our customers love about Flex Plans
One Divvy customer, Michael Collard of Redstone Residential, said this about Flex Plans: “We have been using Flex Plans for the past several months and love how simple it is for us to get some additional flexibility to run our business. Being able to easily get an extra 30 to 90 days to pay Divvy back has made all the difference.”
If you’re a qualified Divvy customer*, you’re pre-approved for Divvy Capital. No time-consuming applications required—capital with just one click.
Increased spending power
Divvy Capital products are added to existing credit limits, allowing you to spend more with Divvy.
With Flex Plans, we pay your vendor now and you pay us back later.
How Divvy Flex Plans work
One of the benefits of Divvy Capital is that we proactively monitor your eligibility and reach out with Flex Plan offers (learn more).
If you already use Divvy Bill Pay, just log in to your dashboard and you’ll see a custom Flex Limit for your account. This limit is tailored to your company, based on your unique transaction history in Divvy, and instantly available with no new paperwork.
Use your new Flex Plan in just two steps:
- Select payment—Using Bill Pay, upload your invoice and select the vendor you wish to pay.
- Choose your plan—When funding your payment, opt for a one, two, or three month plan with a corresponding fixed fee starting at 0.9%, 1.4% or 1.9%.
Then, sit back and relax. We take care of the vendor payment and we will automatically withdraw Flex Plan payments from your bank account according to the plan schedule you chose.
What’s next in Divvy Capital
We’re quickly rolling out more offerings as part of Divvy Capital, including Flex Plans for your Divvy card and short term loans. If you’d like to be an early adopter of these new programs sign up here.
At Divvy, we believe that the future of banking is software led. Divvy Capital is just one more way we’re working to make expense management delightful.
*Qualified Divvy customers will be notified of the Divvy Capital offerings available to them. Divvy identifies qualified customers using a number of factors, including Divvy payment history and business growth.