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

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.