CNBC's Jon Fortt discusses small business transactions amid the pandemic and more with Bill.com CEO René Lacerte.
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.
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 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.
TechCrunch unpacks the deal to gain a better understanding of the huge exit and the value of Divvy's richly funded competitors.
The boards of the two fintechs have approved the deal, which is expected to close by the end of Bill.com’s first fiscal quarter ending Sept. 30.
The deal is the latest example of the frenzy in the industry for startups focused on spend management and corporate credit cards.
Expense management company Divvy is reportedly the target of a potential acquisition.
Brex, Ramp tout their view of the future as Divvy is said to consider a sale to Bill.com.
Bill.com is set to acquire Utah unicorn software startup Divvy.
Every seasoned accountant has been there: feeling stretched too thin after an unforgiving busy season and eager to put it in the past.
Bill.com has announced an expansion of the company’s partner ecosystem with Microsoft Dynamics 365, including Microsoft Dynamics 365 Business Central and Microsoft Dynamics GP.
Routable talks high-volume B2B payments, Bill.com partners with Microsoft and Visa collaborates on corporate T&E.