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Bill.com Acquires Divvy For $2.5B To Enter The Spend Management Space

CB Insights

Divvy: Utah-based Divvy is a spend management platform that integrates expense management and smart corporate cards into a single platform for enterprises. and Houston, Texas. with a market capitalization of $10.7B. The deal is expected to be completed by the end of Bill.com’s first fiscal quarter on September 30, 2021.