About BILL Spend & Expense
BILL Spend & Expense is a Travel & Hospitality company based in Lehi (United States) founded in 2016 by Blake Murray and Alex Bean, and was acquired by Bill.com in May 2021. Cloud-based spend management solutions are provided for businesses. It operates on a SaaS (Software-as-a-Service), Freemium, and FinTech model in Travel & Hospitality and Technology sectors. BILL Spend & Expense has raised $447.5 million across 8 funding rounds from investors including Bill.com, PayPal and Pelion. The company has 137 employees. BILL Spend & Expense was last valued at $2.5 billion in December 2021. Its chief executive, as recorded, is Blake Murray. BILL Spend & Expense offers products and services including BILL Spend & Expense, BILL Divvy Card, and Virtual Card. Its focus areas include Financial Technology and Expense Management Software. Its legal entity is Divvy Pay LLC. Its competitors include Brex, Ramp and Navan; 3 of its 3 listed competitors have raised funding.
Company details
BILL Spend Expense is focused on delivering expense management solutions for businesses of varying sizes. Services are offered to streamline financial operations through software and corporate cards. Integration with accounting platforms like QuickBooks and NetSuite is supported. Sectors such as construction, healthcare, and education are served with tailored financial tools. Customizable spend controls and virtual cards are provided for enhanced security. Real-time reporting and mobile app access are included for efficient management.
Products & Services of BILL Spend & Expense
BILL Spend & Expense offers a comprehensive portfolio of products and services, including BILL Spend & Expense, BILL Divvy Card, and Virtual Card.
Software for managing expenses and controlling business spending.
Card offering credit and real-time spend visibility.
Virtual cards provided to prevent fraud and overspending.
Apps and channels of BILL Spend & Expense
its YouTube channel BILL has 3.57K subscribers and 30 videos.
Videos from BILL Spend & Expense
The most watched videos on BILL Spend & Expense's YouTube channel, BILL (3.57K subscribers). Click a video to play it here.
More on BILL.
Funding Insights of BILL Spend & Expense
BILL Spend & Expense has successfully raised a total of $447.5M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $165 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $447.5M
- Total Rounds 8
- Last Round Series D — $165M
- First Round $7M
(Dec 2017)
- Investors Count 25
All 8 funding rounds of BILL Spend Expense with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2021 | $165M | Series D | $1.6B | PayPal, Hanaco Ventures | |
| Apr 2019 | $200M | Series C | – | New Enterprise Associates | |
| Jan 2019 | $250M | Debt – Conventional | – | – | |
| Oct 2018 | $30M | Series B | – | SciFi, DFJ | – |
| Oct 2018 | Debt – Conventional | – | – | ||
| Jul 2018 | $35M | Series B | – | Insight Partners | – |
| May 2018 | $10.5M | Series A | – | Pelion Venture Partners, Josh James | – |
| Dec 2017 | $7M | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2021 | $1.6B | •••••••• |
Full valuation and stage history of BILL Spend Expense
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Last known valuation $2.5B (Dec 2021). 25 investors in total: 21 institutional and 4 angel.
Investors in BILL Spend & Expense
BILL Spend & Expense has secured backing from 25 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Bill.com, PayPal and Pelion.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are funded through venture capital by Hanaco Ventures. | hanacovc.com | Tel Aviv, Israel | ||
Web application services requiring JavaScript, along with potential agricultural-related offerings. | schonfeld.com | |||
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
US focused early-stage VC firm | pelionvp.com | Salt Lake City, United States | ||
Investments are directed toward early-stage consumer-tech startups. | scifi.vc | San Francisco, United States | ||
US focused VC firm | dfj.com | Menlo Park, United States | ||
A venture firm based in San Francisco and New York, investments are made in technology companies. | caffeinatedcapital.com | San Francisco, United States | ||
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Investments are directed toward early-stage tech startups by Album VC. | album.vc | Lehi, United States |
Investor details for BILL Spend Expense
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People of BILL Spend & Expense
2 people are tracked at BILL Spend & Expense (2 in leadership); the tracked headcount is 137.
| Name | Role | Group |
|---|---|---|
Blake Murray | Co-Founder & CEO | Leadership |
Alex Bean | Founder | Leadership |
Complete people profiles for BILL Spend & Expense
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Timeline of BILL Spend & Expense
5 dated milestones of BILL Spend & Expense across 5 years, from founding to its latest funding, stage changes and deals.
- Founded BILL Spend & Expense is founded.
- Funding First funding round of $7.0M.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series D, of $165.0M.
- Exit Acquired by Bill.com.
Competitors of BILL Spend & Expense
BILL Spend & Expense has 3 listed competitors in our database, 3 of them funded. They include Brex, Ramp and Navan.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| brex.com | 2017 | Draper, United States | $1.2B | SaaS-driven credit card and spend management solutions platform for businesses | ||
| ramp.com | 2019 | New York, United States | $5.07B | Spend management and accounts payable solutions are delivered to businesses. | ||
| navan.com | 2015 | Palo Alto, United States | $1.58B | 847 | Corporate travel and expense management are facilitated through SaaS platform. |
Detailed competitors of BILL Spend Expense
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Web traffic of BILL Spend & Expense
The website of BILL Spend & Expense (getdivvy.com) receives about 1.7K visits a month.
- Monthly visits1.7K
▼ 63.6% vs previous month
Top companies in Online Travel
3 companies that operate in the same segment as BILL Spend & Expense (Online Travel) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 | ||
Multiple travel services are booked via an app-based platform. | 1999 | Miami, Florida, United States | USD 331.37 M | 5,191 |
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Related news about Bill Spend & Expense
Complete news archive for BILL Spend Expense
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Frequently Asked Questions about BILL Spend & Expense
BILL Spend & Expense was founded in 2016 and raised its 1st funding round 1 year after it was founded.
BILL Spend & Expense is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Blake Murray is the CEO of BILL Spend & Expense, as recorded in our data. They have also founded this company.
BILL Spend & Expense is a funded company, having raised a total of $447.5M across 8 funding rounds to date. The company's 1st funding round was a Seed of $7M, raised on Dec 2017.
BILL Spend & Expense has 137 employees.
BILL Spend Expense is focused on delivering expense management solutions for businesses of varying sizes. Services are offered to streamline financial operations through software and corporate cards. Integration with accounting platforms like QuickBooks and NetSuite is supported. Sectors such as construction, healthcare, and education are served with tailored financial tools. Customizable spend controls and virtual cards are provided for enhanced security. Real-time reporting and mobile app access are included for efficient management.
BILL Spend & Expense offers BILL Spend & Expense, BILL Divvy Card, and Virtual Card.
The valuation of BILL Spend & Expense is $2.5B as of Dec 2021.
BILL Spend & Expense operates through Divvy Pay Llc.
Yes. BILL Spend & Expense was acquired by Bill.com in May 2021.