Latest Breaking News On - Divvypay inc - Page 1 : comparemela.com

SHARE Corporate finance software provider Bill.com LLC has signed a $2.5 billion deal to acquire DivvyPay Inc., better known as Divvy, whose cloud service enables companies to issue business credit cards to their employees. Publicly traded Bill.com said on Thursday that it’s financing the transaction with $625 million in cash and $1.875 billion worth of common stock. In a shareholder presentation, the company explained that it expects Divvy to provide a return on the investment by more than doubling its U.S. addressable market. Bill.com sees opportunities for even further growth in the future by expanding Divvy’s platform internationally. 

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