The combined entity will expand ’s reach to more SMBs beyond its existing 115,000 customers given Divvy’s 7,500 monthly active SMBs. The startup can also contribute its automated payable, receivables, and workflow capabilities.
Divvy vs brex software#
chose Divvy as the acquisition target because the software provider’s customers have been asking for more tools to manage their business-to-business (B2B) spending, and Divvy gives them real-time insight into all their B2B spend. The fintech already offers expense management and budgeting software combined with smart corporate cards. The acquisition is part of ’s goal of creating a company that helps SMBs manage all their financial operations.
With the acquisition, can expand its product suite for clients, increasing retention. Divvy offers what Brex doesn’tfrom bill pay to reimbursements. There’s no minimum usage requirement and you won’t pay extra for additional employee cards.
Divvy is built for businesses of every size, in every industry. Honestly it is comparable to Brex, but is more well suited for. The deal is expected to close by the end of September and is subject to regulatory approvals and other customary closing conditions. Divvy puts all your spend in one place, for less. Divvy allows you to get hyper focused in on how much individuals are allowed to spend. The cloud-based software provider for small and medium-sized businesses (SMBs) acquired accounting fintech Divvy for $2.5 billion in a stock and cash transaction, per a press release. Compare price, features, and reviews of the software side-by-side to make the best choice for your business.
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