Bill.com / Divvy 2021

Bill.com acquired Divvy for $2.5B on May 6, 2021.

Target

Divvy

Acquirer

Bill.com

Deal value

$2.5B

Deal type

Mixed

Announced

May 6, 2021

Sub-sector

Vertical SaaS Payments

Bill.com acquires SMB spend management and corporate card platform to pair AP automation with employee-facing spend controls.

Deal value

$2.5B

Target revenue

—

Target EBITDA

—

EV / Revenue

—

EV / EBITDA

—

Announcement

May 6, 2021

Close date

June 30, 2021

Acquirer

Bill.com (Strategic)

Target HQ

United States

Deal type

Mixed

Sub-sector

Vertical SaaS Payments

Source: investor.bill.com