Divvy IPO
Divvy was a corporate expense management and credit card platform that helped businesses manage spending, track expenses, and control budgets in real-time. The company attracted investor attention for its rapid growth in the competitive fintech expense management space before being acquired by Bill.com.
Key Facts
| Industry | Financial Technology |
| Founded | 2016 |
| Headquarters | Lehi, UT |
| Employees | 500-1,000 |
| Website | divvy.com |
| Funding | Acquired by Bill.com for $2.5B in 2021 |
About Divvy
Divvy provided corporate expense management and credit card solutions designed specifically for small and medium-sized businesses. The platform combined corporate credit cards with automated expense tracking, budgeting controls, and real-time spending visibility, eliminating the need for traditional expense reports and manual reconciliation processes.
The company differentiated itself by offering no annual fees, automatic categorization of expenses, and integration with popular accounting software. Divvy was acquired by Bill.com in 2021 for $2.5 billion, recognizing the strategic value of its SMB-focused financial management platform in the broader B2B payments ecosystem.
IPO Status
Divvy never pursued an independent IPO, as the company was acquired by Bill.com (NYSE: BILL) in June 2021 for approximately $2.5 billion in cash and stock. The acquisition was one of the largest fintech deals of 2021, reflecting strong investor confidence in Divvy's expense management technology and customer base. Prior to the acquisition, Divvy had raised significant venture funding and was growing rapidly in the corporate expense management market. The acquisition allowed Bill.com to expand its financial operations platform and compete more effectively with other expense management solutions.
Competitors
Frequently Asked Questions
Does Divvy have a stock?
Divvy never had an independent IPO. The company was acquired by Bill.com in June 2021 for approximately $2.5 billion before it could pursue going public.
When is the Divvy IPO date?
There will be no Divvy IPO as the company was acquired by Bill.com in 2021. Divvy now operates as part of Bill.com's broader financial operations platform.
How can I buy Divvy stock?
You cannot buy Divvy stock directly since it was acquired by Bill.com. However, you can invest in Bill.com (NYSE: BILL) which now owns Divvy's technology and operations.
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