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DiviPay raises AUD 20 mln in Series A

Monday 13 December 2021 13:50 CET | News

Australia-based startup DiviPay has received AUD 20 million in its Series A funding round, allowing it to increase its headcount at least fourfold.

The company makes spend management easier for SMEs and wants to use the money for international growth. DiviPay's integrated corporate card is now servicing more than 1,000 companies including Canva, Superhero, Slater & Gordon and Michael Hill International, as well as non-profits Uniting AgeWell and the Autism Association of Western Australia.

To proactively manage expenses, the cards are tied to an intuitive platform whereby finance departments can flexibly set budgets and spending allocations for users.

The Series A was led by an undisclosed global fintech-focused growth equity investor, with participation from Global Founders Capital and Rapyd Ventures. Other prominent backers took part such as Raffael Johnen from Auxmoney, and Guy Pearson, the founder of Tiger Global-backed accounting and client engagement platform Practice Ignition.

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Keywords: funding, SMEs, corporate card, startup
Categories: Banking & Fintech
Companies:
Countries: Australia
This article is part of category

Banking & Fintech






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