Divvy adds lending to expense management platform
From product innovation to pricing innovation, Divvy has made waves in the FinTech space. Their goal is help businesses spend smarter, and they do so by providing smart credit cards and sophisticated software—all for free.
Divvy’s latest announcement expanded their product offering to include Divvy Capital: real-time, flexible funding for businesses. Qualified Divvy customers are automatically pre-approved for lending limits to help them pay vendors faster and optimize cash flows.
“We’re launching Divvy Capital to give businesses access to the funds they need, when they need them,” said Tyler Hogge, Vice President of Product at Divvy. “For example, Flex Plans for Bill Pay gives businesses flexibility to pay their vendors on their timeline. The response from our users has been overwhelming—they love how transparent and simple we’ve made it.”
Phoenix’s Nikola Motor Company among Divvy’s newest marquee clients
Companies from a wide range of industries rely on Divvy to make critical decisions as they grow their businesses.
In a recent press release, Divvy announced the addition of several marquee clients to its growing customer base of more than 4,500 companies. Eyecare Partners, Nikola Motor Company, and the Utah Jazz were among their list of new clients.
Tony Epperson, FP&A manager at Nikola Motor Company, said this about Divvy: “As a technology innovator, Nikola Motor Company looks to partners who provide simple, seamless, customizable, and intuitive solutions that foster our drive toward innovation. Divvy accomplishes exactly that, along with providing a platform that supports and empowers our growing team.”
Divvy receives $200M in Series C funding led by NEA
Divvy has experienced tremendous growth since its inception in 2018. In April of last year, Divvy secured an additional round of funding—$200 million led by NEA.
Scott Sandell, Managing Partner at NEA, said that the investment group is “thrilled to support Divvy in their mission to modernize the way businesses handle money…The company’s unprecedented growth is a testament to both the team and the compelling product they have built, which is alleviating a major pain point experienced by all businesses.”
Liv Communities earns high ranking for its online reputation assessment
Liv Communities, a leader in multi-family and senior living development and property management, has been recognized in Arizona and Michigan for its high Online Reputation Assessment (ORA) scores for 2019.
Liv Communities ranked No. 3 nationally in the Division IV category (2,000 to 9,999 units) with an ORA of 84.92. The average ORA of all companies in that category was 61.66.
Liv Avenida Apartments in Chandler ranked fifth in Arizona with an ORA of 93. Liv Arbors in Traverse City, Michigan., ranked eighth with an ORA of 89.
ORA scores are determined by J Turner Research, the leader in online reputation research in the multifamily industry, and represent the industry standard to measure and benchmark a community’s online reputation.
“We are humbled by our beloved residents who continue to share their great experiences with others. The honor of being recognized for contributing to their happiness is great inspiration for us to continue to improve our brand for every Liv customer,” said Heidi Arave, Vice President of Liv Multifamily. “We love helping people ‘liv’ fuller lives, and hearing we’ve made a positive impact for our residents is what gets us up in the morning.”
Dogtopia earns Best Lifestyle Franchise Award
Dogtopia, the nation’s fastest-growing pet franchise, is kicking off 2020 with another award after being recognized as Global Franchise’s Best Lifestyle Franchise. This recent accolade is priming the Phoenix-based brand for another explosive year as it prepares to debut in 7 new states with an additional 60 daycares slated to open this year.
Each year, the Global Franchise Awards recognizes top companies judged by an independent panel of key industry experts, adhering to the criteria created by the Global Franchise team. Judges select the entry from each category they feel best demonstrates the values that Global Franchise is looking to celebrate.
“We are extremely excited and humbled to earn the winning spot of the Best Lifestyle Franchise this year,” said Neil Gill, CEO and President of Dogtopia. “This win can be attributed to the hard work and dedication of our local owners across North America and the highest quality experience they give to both dogs and pet parents. Our Dogtopians work very hard each day and we are excited to receive this award to help fuel our success as we bring Dogtopia’s unparalleled dog daycare experience to more communities.”
About Ranking Arizona
Ranking Arizona is an annual publication that ranks businesses in more than 300 categories based on public voting in the state’s biggest and most comprehensive business opinion poll. Ranking Arizona is based purely on opinion and ranks companies based on how voters answer this simple question: with whom would you recommend doing business? The magazine is published by AZ Big Media. To learn more about Ranking Arizona, contact Sheri King, director of sales.