#Divvy app full
#Divvy app verification
#Divvy app software

#Divvy app full

So, we can’t be sure that its full Q1 2021 growth was over the 100% mark. “>100% revenue growth YoY,” again calculated by leaning on the company’s March results.That puts Divvy’s March, 2021 revenues at around $8.3 million. “~$100 million annualized revenue,” calculated using the company’s March results multiplied by 12.The following numbers come from the deck on the deal, which you can read here. So, this afternoon, let’s unpack the deal to gain a better understanding of the huge exit and the value of Divvy’s richly funded competitors. This will not only allow us to better understand the value of the unicorn at exit, but also its competitors, against which we now have a set of metrics to bring to bear. Luckily for us, released a deck that provides a number of financial metrics relating to its purchase of Divvy. The better-than-anticipated results and the acquisition news combined to boost the value of by more than 13% in after-hours trading. The company’s adjusted loss per share of $0.02 also exceeded expectations, with the street expecting a sharper $0.07 per share deficit. Per, the transaction includes $625 million in cash, with the rest of the consideration coming in the form of stock in Divvy’s new parent company.īill.com also reported its quarterly results today: Its Q1 included revenues of $59.7 million, above expectations of $54.63 million.

#Divvy app verification

If you want to apply for it and you are not in US DO NOT EVEN THINK about applying for it, the verification process was tedious and frustrating.Divvy’s growth rate tells us that the company did not sell due to performance weakness. Very slow to address the issues, team seemed very low on knowledge of the product and processes.The application process - limited to US only.

The big one - support, from the start of application to installing the integration with Net Suite. PROSĬan't say anything here because I didn't even have an ability to experience the software.

#Divvy app software

Which we do and the support team tells us that they are closing Credit Builder program and if we are still interested in their spend software we are welcome to re-apply for Divvy at any time.This is the most frustrating experience that I had thought my career. (having experience working with other softwares this is very very long time)And final issue, logging in only two weeks after everything was set up (users, departments, integrations ect.) we see message. Next was setting up integration with NetSuite, there was a small issue with set up and it took following up and 14 days for them to find solution. In the end we had to go through their Credit Builder program to get set up on the system. It took sometimes several follow ups to get answer and any progress on the issues we were dealing with. Horrible and SUPER frustrating! When we were demoing the product we were told that the application process will take at the most a week, it took us 4 month to get our application approved. Hopefully this is a bug that gets worked out with the next app update. I find that I often need to go back into a purchase and re-upload the photo of the receipt/re-type my note. The saving a receipt feature/adding notes feature is a little spotty at times. That there isn't a Divvy for PERSONAL spending (I've been Googling looking for something like this for the past few weeks now.nothing seems to exist!) 2. Honestly, there are really only two things I dislike about Divvy: 1.

So, we're able to manage our clients' monthly spend and charge them a small admin fee (for putting the spend on our cards) without incurring ANY credit card fees. Divvy's virtual card feature allows us to manage media buys on behalf of our clients without needing to open 100+ credit cards (or require the client to use their card). As the Director of Marketing Strategy at a small Marketing Technology Agency, I manage a team of people who run a plethora of digital ads campaigns for numerous clients in any given month. But while the app interface is nice, the push notifications are wonderfully helpful, and Divvy travel has us saying bye-bye to Expedia, the REAL value our agency has found in using Divvy is the virtual card feature. The app is incredibly user friendly and switching/updating budgets is surprisingly easy. As it turns out, Divvy really is TOTALLY free. I was in disbelief that the product was totally free, so I scheduled a demo call. I first learned about Divvy via the daily business newsletter, Morning Brew. Divvy makes tracking business expenses fun - I never thought I'd say that! PROS We now know where we are over-budgeting and under-budgeting each month. Overall, Divvy has enabled my company to gain WAY better insight into where dollars are going.