Why did Bill.com pay $2.5B for Divvy? – TechCrunch
As expected, Bill.com buys Divvy, the Utah-based corporate spend management startup that competes with Brex, Ramp, and Airbase. The total purchase price of roughly $ 2.5 billion is well above the roughly $ 1.6 billion value after the cash that Divvy committed during its $ 165 million funding round in January 2021. Divvy’s growth rate … Read more