DivvyPay, Inc., a Lehi, Utah-based corporate spend management platform, raised $35m in Series B funding.
The round, which brought total funding to $57m, was led by Insight Venture Partners.
The company intends to use the funds to continue to expand operations.
Led by Blake Murray, CEO, Divvy provides a web and mobile app that allows businesses to proactively cap corporate credit card spend, automate expense reports, and track transactions in real-time.
For administrators, Divvy provides visibility and streamlined reporting across both T&E and procurement and for the issuance of corporate credit cards. It also allows employees to send and request funds, create virtual credit cards, manage software subscriptions, and forgo expense reports entirely.
FinSMEs
24/07/2018