SMB Cards & Spend Management Profile: Divvy (Bill.com)
Fintech Labs Insights
JULY 18, 2023
Founded in late 2016 by Blake Murray and Alex Bean, the Lehi, Utah-based startup went from founding to a $2.3 billion exit in just 4.5 While several companies have reached $2.3B+ valuations in that time ( see Appendix ), few, if any have actually cashed in so quickly. billion in a cash ($665 million) and stock ($1.65 billion (as of July 2023).
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