Bill.com Acquires Divvy
June 1, 2021
Bill.com acquired Divvy, a Draper, Utah-based leader in spend management, in a stock-and-cash transaction valued at approximately $2.5 billion (about $625M cash and $1.875B in Bill.com stock). The deal integrates Divvy’s expense management software and corporate card capabilities into Bill.com’s cloud financial operations platform to give SMB customers a one‑stop solution for AP, AR and spend management.
- Buyers
- Bill.com
- Targets
- Divvy
- Industry
- Cloud & SaaS
- Location
- Utah, United States
- Transaction Type
- Buyout
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