"With its compelling free software, Divvy is poised to become a key part of the financial nervous system for businesses," said Peter Sanborn, Vice President, head of corporate development at PayPal and managing partner of PayPal Ventures. "PayPal and Divvy share a goal of simplifying all that goes into running a business, which creates more time to focus on customers. We're thrilled to support Divvy's continued expansion."

https://www.prnewswire.com/news-releases/divvy-raises-165-million-at-a-1-6-billion-valuation-301200377.html#:~:text=DRAPER%2C%20Utah%2C%20Jan.%205,a%20valuation%20of%20%241.6%20billion.