Divvy, a Bill.com Company Strengths, Domain Expertise, and Key Differentiators
Divvy modernizes finance for business by streamlining expense management and eliminating expense reports. With Divvy, businesses can make one-time or recurring payments using integrated virtual and physical corporate credit cards — each tied to dynamic limits controlled by centrally-managed budgets. Divvy gives financial leaders real-time visibility and control of companywide spending through elegant and powerful web and mobile apps.
Divvy, a Bill.com Company Recent Developments
In June 2021. Divvy partnered with TravelPerk to help small businesses save and scale.
In April 2020, Divvy announced the immediate availability of its 100%-digital application for SBA-backed Paycheck Protection Program (PPP) loans, through its partnership with Cross River Bank (CRB).
In February 2020, Divvy has launched Divvy Capital, which provides real-time access to funds for growing businesses. Divvy Capital provides immediate funding to customers who are pre-approved on the Divvy platform, usings metrics like payment history, revenue growth and other data.
In September 2019, Divvy has launched a new product to give financial leaders greater visibility into budgets and total companywide spend. Bill Pay, designed to replace traditional invoice processes, joins the Divvy platform as another free tool to help businesses manage budgets and spend smarter.
Unlike other spend and expense management platforms, Divvy Bill Pay allows users to consolidate credit card spend and invoices under one budget, for a comprehensive, clear, and up-to-date view of the company's total spend. The new features allow team members to submit invoices, immediately reflecting on a given budget, with an option for financial leaders to later approve the final transaction.
Divvy, a Bill.com Company Mergers and Acquisitions (M&A) Activities
In June 2021, Bill.com completed its acquisition of Divvy, a leader in spend management, for approximately $2.5 billion in stock and cash.
Divvy, a Bill.com Company Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Divvy, a Bill.com Company applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Divvy, a Bill.com Company and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Divvy Platform customers.
Divvy, a Bill.com Company Overview
Ownership: - x
Number of Employees: 600
Functional Markets: ERP Financial,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K308, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Divvy, a Bill.com Company Key Enterprise and Cloud Applications
Divvy, a Bill.com Company Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Divvy, a Bill.com Company Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Divvy, a Bill.com Company Enterprise Applications Revenues By Functional Markets, $M:
Divvy, a Bill.com Company Enterprise Applications Revenues By Verticals, $M:
Divvy, a Bill.com Company Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Divvy, a Bill.com Company Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Divvy, a Bill.com Company Customers - Breakdown by Geo, Size, Vertical and Product
No. of Divvy, a Bill.com Company Customers: 9000
No. of Divvy, a Bill.com Company Enterprise Applications Customers: 9000
No. of Divvy, a Bill.com Company Cloud Customers: 9000
No. of Divvy, a Bill.com Company Cloud Subscribers: x
More than 4500 business from a wide range of industries including Eyecare Partners, Gogo, Nikola Motor Company, Noom, Utah Jazz, WordPress, Habitat for Humanity and Georgetown University rely on Divvy to make critical decisions as they grow their businesses.
Divvy, a Bill.com Company Market Opportunities, M&A and Geo Expansions
In April 2020, Divvy has raised an additional $200 million in venture capital funding as part of Series C financing led by NEA with participation from Pelion Venture Partners and Insight Venture Partners. Divvy plans to use the latest investment to bolster product and engineering teams, as well as launch a bill pay product.
The round brings Divvy’s total raised to $245.5 million, not including a $250 million credit facility it secured in January. NEA managing general partner Scott Sandell is joining Divvy’s board of directors as part of the transaction.
Divvy, a Bill.com Company Risks and Challenges
Verticalisation and International Expansion will be key for future success.
Divvy, a Bill.com Company Ecosystem, Partners, Resellers and SI
In June 2020, Divvy has launched Accountant Partnership Program, created to provide accounting firms with greater resources to support their clients and grow their businesses. CalCPA, Connor Group, Eide Bailly, Nimbl, NOW CFO, RLJ Financial Services, and Squire are among the growing list of accounting partners dedicated to this program.
Since launching, more than 600 accountants have partnered with Divvy and now offer the platform to their clients.
Divvy, a Bill.com Company Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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