#Smbs divvy barrononline software

The acquisition of Divvy supports ’s mission to make it simple to connect and do business. Together we achieve that vision faster and are better able to serve business owners and finance leaders.”

“We have a shared vision to be the one-stop shop for credit and financial software. “We are excited to join and offer our customers and millions of businesses a comprehensive payments solution that saves them time and money,” said Blake Murray, Divvy CEO and Co-Founder. With the elegant spend management solution that the Divvy team brings, their dedication to serving SMBs, and their passion for driving innovation, together we can accelerate our vision to help SMBs transform, grow, and thrive by automating their financial operations.” “Together, we can help SMBs manage all their B2B spend and workflow with one simple solution, saving them valuable time and money and providing real-time insight into their spend and cash flow. “We are thrilled to welcome the Divvy team to ,” said René Lacerte, CEO and Founder.

#Smbs divvy barrononline software

(NYSE:BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs), announced today it has completed its acquisition of Divvy, a leader in spend management, for approximately $2.5 billion in stock and cash. 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.Extends platform with leading spend management capabilitiesĬreates a one-stop shop solution for SMBs to automate their financial operations and manage all their B2B spend 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. “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. 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.

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.