– Linkedin: 81,500 followers (733 employees) – Employees: 658 ( Pitchbook, up 194 since April) <<< Highest
– Website visits (May 2023): 1.0M ( SimilarWeb) – Raised $1.3B since Jan 2021 ( Crunchbase) <<< Highest – Valuation: $8.1B (based on Feb 2022 round) <<< Highest Profiles: Challenger SMB Charge Card IssuersįAB Score = 868 (unchanged since April 2023)
#Divvy crunchbase full
dollars)ĭefinition: Charge cards require the balance to be paid in full each month credit cards allow the balance to be rolled over, often at a relatively high interest rate). ***Funding includes both equity and debt amounts (millions of U.S. Inputs primarily include funding, website traffic and employee count. **FAB score = Fintech Attention Barometer, a proprietary measure of company size calculated by Fintech Labs. This does not impact their FAB score but does impact placement on the site. *Sponsor: FintechLabs may receive referral revenues or sponsorships from issuers. Source: Compiled by FintechLabs, 7 June 2023, from Crunchbase, SEMrush, SimilarWeb
Ranked by FAB score (Fintech Attention Barometer**) Rank Leading USA Digital Small Business Charge Cards ( updated 7 June 2023) The FAB Score Ranking (Fintech Attention Barometer) is a proxy for the size of a private fintech company. NEW: Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? Check out our latest lists: SMB online lenders (33) | SMB challenger banks (12) | SMB insurers (15) | SMB charge cards/expense management (16) | Billpay & invoicing (16)| Payment processors (7) | Subscription processors (7) | SMB digital accounting/bookkeeping (21) | Equity crowdfunding (7) Two have been acquired by large banks in 2021 ( Capital One bought Lola and US Bancorp acquired Bento for Business) and will stay on this list as long as they operate as independent brands. In addition, Expensify (founded in 2008), went public in Nov 2021 and is now worth $700M ( though it was valued at nearly $5B shortly after its IPO).īelow is a list of the 16 challenger business credit cards currently active in the United States. The company provided a statement to TechCrunch, claiming that it is “onboarding thousands of new tech and non-tech customers every month.” Brex also said that it grew its “total customer” figure by 80% in the first quarter, “with total monthly customer additions increasing by 5x.In the last six years, the corporate charge card market ( see definition below) has seen the launch of 3 major digital players ( Rampin 2019, Brex in 2017, and Divvyin 2016) that are already multi-unicorns. TechCrunch reached out to Brex, curious about its 2020 and Q1 2021 growth results. Airbase, in contrast, charges for its software.
#Divvy crunchbase software
Far from its roots in merely offering perk-laden corporate cards to growing companies, Brex and its myriad rivals - including Utah unicorn Divvy, Airbase and others - are building software suites around their core plastic efforts to help companies manage all elements of their spending.Ī growing rift is showing in how, compared to some rivals, the categories’ largest players, including Brex, Divvy and Ramp, forgo charging for their software, content to eat off other revenue sources including interchange. The duelling rounds raised by Brex and Ramp underscore how active their product category is proving to be.
#Divvy crunchbase series
According to Crunchbase data, Brex’s mid-2020 Series C valued the company at just over $3.0bn, including the investment’s $150m in issued equity. The new capital marks Brex’s largest fundraise to date, and was compiled at a valuation that is more than double its most recent private valuation. Mere weeks after rival corporate spend startup Ramp announced that it raised a two-part round worth $115m at a $1.6bn valuation, this morning Brex disclosed a $425m funding led by Tiger Global.
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