About BILL Spend & Expense
BILL Spend & Expense is a company based in Lehi (United States) founded in 2016 by Blake Murray was acquired by Bill.com in May 2021. It operates as a SaaS (Software-as-a-Service), Freemium, and FinTech. BILL Spend & Expense has raised $447.5 million across 8 funding rounds from investors including Bill.com, PayPal and Pelion. BILL Spend & Expense offers products and services including BILL Spend & Expense, BILL Divvy Card, and Virtual Card. BILL Spend & Expense operates in a competitive market with competitors including Brex, Ramp, Navan, Pleo and Airbase, among others.
- Headquarter Lehi, United States
- Founders Blake Murray
- Stage Unicorn
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Sectors
Travel & HospitalityTechnology
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- Legal Name Divvy Pay Llc
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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.
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.
Investors in BILL Spend & Expense
BILL Spend & Expense has secured backing from 19 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Bill.com, PayPal and Pelion.
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Startups are funded through venture capital by Hanaco Ventures.
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Web application services requiring JavaScript, along with potential agricultural-related offerings.
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Venture capital investments are offered to startups by NEA.
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Investor details for BILL Spend Expense
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Investments & Acquisitions by BILL Spend & Expense
Investment portfolio details for BILL Spend Expense
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Financial Statements - BILL Spend Expense
Detailed financials for BILL Spend Expense
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Bill Spend & Expense Comparisons
Peer comparison for BILL Spend Expense
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Competitors of BILL Spend & Expense
BILL Spend & Expense operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Brex, Ramp, Navan, Pleo and Airbase, among others.
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SaaS-driven credit card and spend management solutions platform for businesses
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Spend management and accounts payable solutions are delivered to businesses.
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Corporate travel and expense management are facilitated through SaaS platform.
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SaaS expense management solutions for business travel are provided.
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Procure-to-pay management software is offered for business operations.
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Corporate cards and expense management are offered to businesses.
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Detailed competitors of BILL Spend Expense
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Latest news on 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 current CEO of BILL Spend & Expense. 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.
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.
BILL Spend & Expense has 19 investors. Key investors include Bill.com, PayPal, Pelion, ACREW, and Hanaco Ventures.
The valuation of BILL Spend & Expense is $1.6B as of Jan 2021.