See frequently asked questions about the announcement below.
Frequently asked questions
Why did BILL decide to acquire Divvy?
Divvy and BILL both serve small and mid-sized businesses. BILL customers have been increasingly looking for BILL to handle more of their spending, budgeting and expense management capabilities. We believe the combined companies would be able to help SMBs manage all of our joint customers’ B2B spending.
Who is Divvy and what products do they offer?
Divvy is a leading spend and expense management platform for business. It’s fused with a smart charge card to provide instant visibility and control of company-wide spending. With Divvy, employers can give employees direct access to funds, effectively eliminating expense reports and retroactive reimbursements.
Where is Divvy located?
Divvy's headquarters are in Draper, Utah.
Who are Divvy's primary customers?
Mostly Small and Mid-sized businesses.
Will I have to use Divvy now
No. There is no requirement that if you are a BILL customer you would have to use Divvy for spend or expense management. Also, the acquisition requires regulatory approval before the deal can close. So everything will be business as usual for both companies until that happens.
Will Divvy be automatically included with my BILL subscription?
No. Divvy is free to use, it will not be a part of your BILL subscription. Also, the acquisition requires regulatory approval before the deal can close. So everything will be business as usual for both companies until that happens.
How do you expect this acquisition to benefit existing customers?
We believe the combination will enable us to provide a more comprehensive solution for customers by increasing our customers’ ability to manage all B2B spending through a single platform. It empowers companies with greater efficiency, control and visibility across a broader range of payment options. We also believe it will simplify their data reconciliation — acting as a single source of truth for insights across spending.
How do you expect this acquisition to benefit Bill accounting partners?
We see BILL accounting partners could benefit along with their clients in having a single platform for managing and tracking all their B2B spending. However, the acquisition requires regulatory approval and the satisfaction of other customary conditions before the deal can close. So everything will be business as usual until that happens.
How do you expect this acquisition to benefit Bill banking partners?
We see BILL banking partners having the potential to have their customers use a single platform for managing and tracking all their B2B spending. However, the acquisition requires regulatory approval and the satisfaction of other customary conditions before the deal can close. So everything will be business as usual until that happens.
How many joint customers does Divvy and BILL currently have?
Currently, BILL and Divvy share fewer than approximately 1,000 customers. This demonstrates that a significant number of customers have seen the value of both platforms, and represents an even bigger opportunity for the combined company to support more customers over time.
Is your long term goal to integrate the companies and their products or will you keep them separate?
We haven’t decided that yet. The acquisition requires regulatory approval before the deal can close. So everything will be business as usual until that happens.
Will anything change from a customer support perspective?
No. Nothing from a customer support perspective will change for BILL customers.
Can Divvy be used for international payments?
The Divvy MasterCard® works anywhere that MasterCard® is accepted. If you have a Divvy Visa® card, that Visa® will work anywhere that Visa® is accepted.
Where can I find more information about this proposed acquisition?
