Tech startup Divvy secures $250mn in funding from Waterfall Asset Management

By hotmaillogin

Based in Utah, growing tech startup Divvy provides lending services and a secure financial platform for businesses. The company announced on Friday that it had secured a US$250mn funding facility from Waterfall Asset Management.

Divvy allows customers to manage payments and subscriptions, build strategic budgets, and eliminate expense reports, helping businesses to streamline their financial cycles. Real-time tracking of business transactions allow businesses using Divvy to gain immediate insights and data into their finances.

SEE ALSO: 

CEO Blake Murray of Divvy said on Friday that "Waterfall Asset Management has seen our growth, and the facility will support our company's vision and platform. It will also help us to continue providing businesses with the flexible capital they need, while both helping to streamline and improve financial management. We believe this investment supports our goal of actively expanding our customer base in 2019 and is key to surpassing our success in 2018; their investment represents a vote of confidence in Divvy and our team, and positions us to gain a stronger presence in the fintech space."

Waterfall is a New York-based is an SEC-registered specialist credit manager focused on high-yield Asset Backed Securities (ABS) and real estate and consumer debt investment.

Share

Featured Articles

How Elon Musk pulled off a $44bn hostile takeover of Twitter

As the world’s richest man, Elon Musk, takes over tech giant Twitter, we highlight the timeline that led to this titanic takeover

Amazon, Alphabet, Wells Fargo best workplaces, says LinkedIn

The top 50 workplaces to grow careers prioritise flexible work and tuition-support programs, as top-ranking firms Amazon and Alphabet prove, says LinkedIn

Top 10 women in technology in the US

These 10 women in tech are forging a path into bold areas of innovation and technological ambition, according to sister publication Technology Magazine

8 executive moves to crypto – from mainstream to startup

Technology & AI

Digital Twins tech ‘missing link’ in urban decarbonisation

Technology & AI

The Metaverse Foundry from Infosys is a business playground

Technology & AI