Company News

Maintaining flexibility as owners of small businesses is critical under our new normal, and the companies best positioned to thrive in this environment are the ones that confront the inevitable uncertainties with an entrepreneurial bent.

The spirit of SMBs, the ability to survive and adapt, has served them well in the depths of 2020 and will continue to set an example for everyone as we reignite growth in 2021.

CNBC's Jon Fortt discusses small business transactions amid the pandemic and more with Bill.com CEO René Lacerte.

Bill.com, the cloud-based software provider for SMBs, acquired accounting fintech Divvy for $2.5 billion in a stock and cash transaction.

Bill.com has entered into a definitive agreement to acquire expense management company Divvy in a stock and cash transaction valued at approximately $2.5 billion.

Corporate finance software provider Bill.com LLC has signed a $2.5 billion deal to acquire DivvyPay Inc., better known as Divvy, whose cloud service enables companies to issue business credit cards to their employees.

Bill.com, which provides back-office software, has struck a deal to buy Utah-based Divvy in a stock-and-cash transaction valued at about $2.5 billion.

Corporate expense management platform Divvy has agreed to sell to small business financial software provider Bill.com for $2.5 billion.

Bill.com will enter the spend management market with the $2.5 billion purchase of Divvy.

The buy will give Bill.com users an expanded solution designed to automatically manage accounts payable, accounts receivable, and corporate card spend all in one place.

The $2.5 billion deal will enable Bill.com to offer expense management software and smart corporate cards to its more than 115,000 customers.

The deal is the latest example of the frenzy in the industry for startups focused on spend management and corporate credit cards.