Divvy crunchbase software#
Far from its roots in merely offering perk-laden corporate cards to growing companies, Brex and its myriad rivals - including Utah unicorn Divvy, Airbase and others - are building software suites around their core plastic efforts to help companies manage all elements of their spending.Ī growing rift is showing in how, compared to some rivals, the categories' largest players, including Brex, Divvy and Ramp, forgo charging for their software, content to eat off other revenue sources including interchange. The dueling rounds raised by Brex and Ramp underscore how active their product category is proving to be.
Divvy is a secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and eliminate expense reports. Divvy software gives you complete control and real-time visibility into company spending while eliminating the hassle of expense reports. According to Crunchbase data, Brex's mid-2020 Series C valued the company at just over $3.0 billion, including the investment's $150 million in issued equity. Crunchbase Website Twitter Facebook Linkedin. The company said it has already closed more home sales this year than it did in total between its founding in 20. Its latest funding comes just six months after it raised a 110 million Series C funding, also led by Tiger Global. Divvy aims to make homeownership more accessible via a rent-to-own model.
The new capital marks Brex's largest fundraise to date, and was compiled at a valuation that is more than double its most recent private valuation. The funding reportedly values San Francisco-based Divvy at 2 billion. The company, not to be confused with Divvy Homes or Divvy Bikes, has raised an additional 200 million in venture. Divvy is a secure financial platform for businesses to manage payments and subscriptions, build strategic budgets. Mere weeks after rival corporate spend startup Ramp announced that it raised a two-part round worth $115 million at a $1.6 billion valuation, this morning Brex disclosed a $425 million Series D led by Tiger Global. Today, that’s Divvy, a tech-enabled replacement of monthly expense reports.
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