Once that is done, an account representative makes contact to continue the onboarding process.
However, when it comes to their requirements for qualifying for an account, potential clients must go through the process of requesting a demo. One is for businesses that have 1 to 20 employees and another one for businesses up to 500 employees - covering the whole spectrum of the SMB landscape. Here's a detailed chart that compares the main differences and similarities between Brex and Divvy:īusinesses of any size can open an accountĪre you looking for a business bank for your small business? Try Relay - we're rated 4.5 on Trustpilot! Here's how Brex vs Relay compare.ĭownload Now 🔐 Qualifying for an accountĭivvy has two main offerings. The main difference between Brex and Divvy is that Brex is a digital-only banking and spend management platform that serves venture-backed tech startups, whereas Divvy is an expense management, spend tracking and corporate credit card platform that serves small businesses. While they do not offer business bank accounts, you are able to connect an existing business bank account to Divvy to make payments and move cash.ĭivvy has solutions for both small and medium-sized SMBs, with the potential for larger organizations to benefit from their platform, too. The platform has a wide variety of tools to help increase visibility on expense management and help business owners make important financial decisions. 💳 What is Divvy?ĭivvy is an “all-in-one spend management solution" with a big emphasis on the management of funds and expense tracking. The level of banking Brex provides is comprehensive, which is why they've recently shifted upstream to service enterprise companies and venture-backed startups who require this kind of complex workflow.
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With Brex, you can issue physical and virtual charge cards, give employees access to real-time expense reporting, and seamlessly integrate banking with accounting software and payment processors like Stripe. 🆚 Verdict: Which banking alternative is right for you?īrex is a modern business banking solution offering bank accounts, corporate cards (both physical and virtual cards), expense management and other tools for funded startups and enterprise companies.Ĭompanies that find themselves with venture-backed cash need comprehensive spend controls to ensure that investor dollars are driving growth. 🤝 Banking collaboration with accountants
Is Divvy a solid Brex alternative? Here’s our thorough review comparing both fintech solutions. Recently, Brex announced they would only serve funded startups and larger SMBs, even to the point of removing users who don’t fit into that profile from the company’s services. Notably, Divvy is not a banking provider. Learn to manage cash with Relay in our live webinar and Q&Aīrex and Divvy are both financial technology companies that offer expense management tools and credit card services to small-to-medium-sized businesses.īrex is an FDIC-insured bank, offering bank accounts to small businesses, while Divvy specializes in business credit cards, bill pay, and expense management software. Insights and advice for small business advisors Stay on the money with these actionable tools and strategies The money management platform built for you and your clientsīecome a Banking Partner to help your clients bank smarterĪdvisors share what makes their firm successful Review, approve and pay bills within business bankingĬonnect business banking with leading software and toolsĭirectly sync ultra-detailed transaction dataīusiness banking and payroll together at last Know precisely what you’re earning, spending and saving
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