Divvy, the Utah based provider of spend and expense management technology, and Credit Suisse, the Swiss banking giant, announced a purchase agreement that gives Credit Suisse the ability to buy up to $500m in Divvy receivables over the next two years.
Divvy modernizes the way companies manage spending by fusing financial management software with a smart corporate card. Trusted by more than 3,000 companies, Divvy gives financial leaders real-time visibility into the spending within their organization.