Why did Bill.com pay $2.5B for Divvy?

Why did Bill.com pay $2.5B for Divvy?

As anticipated, Bill.com is procuring Divvy, the Utah-essentially based entirely company spend administration startup that competes with Brex, Ramp and Airbase. The total like label of spherical $2.5 billion is considerably above the firm’s roughly $1.6 billion publish-money valuation that Divvy…