“Divvy , a leader in spend management, today announced a $165 million funding round at a valuation of $1.6 billion. The Series D investment includes new investors Hanaco, PayPal Ventures, Whale Rock, Schonfeld, and participation from previous backers NEA, Insight Venture Partners, Acrew, and Pelion. By combining free expense management software with corporate credit cards, Divvy’s centralized platform allows businesses to manage their spend with real-time visibility and control over their budgets.”