#SpendManagement / Bill.com acquires spend management firm Divvy in $2.5bn deal

Spend management specialist, Divvy, claims to modernise finance for business by combining expense management software and smart corporate cards into a single platform.

[Bill.com] says its newly expanded solution will enable businesses to “automatically manage accounts payable, accounts receivable, and corporate card spend all in one place”.

[Bill.com CEO:] “Our expanded platform will provide more automation and real-time information to [small businesses], enabling them to make more informed decisions.

Bill.com will offer expense management and budgeting software combined with smart corporate cards to its 115,000 strong customer base… Divvy will offer automated payable, receivables, and workflow capabilities to the more-than 7,500 monthly active customers that it serves.

https://www.fintechfutures.com/2021/05/bill-com-acquires-spend-management-firm-divvy-in-2-5bn-deal/