Why did Bill.com pay $2.5B for Divvy? â€“ TechCrunch
As expected, Bill.com is buying Divvy, the Utah-based corporate spend management startup that competes with Brex, Ramp and Airbase. Luckily for us, Bill.com released a deck that provides a number of financial metrics relating to its purchase of Divvy. Divvy by the numbersThe following numbers come from the Bill.com deck on the deal, which you can read here. Still having its most recent Q1 month generate a three-figure growth rate is good. Divvy sold for around 25x its current revenue rate.