![]() Designers can now purchase assets or pay for subscriptions with a predefined spending limit, and developers can take Ubers without jumping through hoops with expense reimbursements.īest of all, no one has to use their own credit cards. She shared that the team loves the ability to have multiple Divvy virtual cards for different business needs. ![]() “Virtual cards allow for an easier way of expense reporting, translating to no more submitting paperwork for reimbursement.” “Our employees no longer need to feel the burden of needing to rely upon their personal credit card for work-related expenses,” Nicolette said. That’s when they discovered Divvy virtual cards. The funding round was led by RET Ventures, a l. This made Assaf and the rest of his team realize how frustrating and stressful it can be for employees to use their personal cards even for the smallest work purchase, as it may not fit into their own budgets at that time. HONOLULU-(BUSINESS WIRE)-TurnoverBnB, a SaaS platform helping operators of vacation rentals source and manage cleaners for their properties, has announced the completion of a 4.5-million Series A raise. But having to use his own credit card was a big concern and shared that he would rather walk-even through rougher parts of the city at night-than have to use his own card and wait to be reimbursed. When one employee was out on company business, he was told by his manager to take an Uber on his personal account and submit a reimbursement request. The real dealbreaker, however, came when employees had to use their own personal credit cards for work travel, subscriptions, and more. Though this method wasn’t a big deal when the TurnoverBnB team was only a few people, growing to more than a dozen employees across the globe quickly turned their expense management into a 15-hour job each month. Before Divvy, TurnoverBnB’s co-founder and CEO, Assaf Karmon, spent a lot of time reviewing and categorizing employee purchase requests.
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