Brex vs Divvy: A Comprehensive Comparison

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If you're a small business owner looking for an expense management solution, you may have come across two popular options: Brex and Divvy. Both platforms offer features that help businesses manage their expenses, but there are some key differences between the two. In this article, we'll take a closer look at Brex vs Divvy and compare their features, pricing, and more to help you decide which one is right for your business.

When it comes to expense management, Brex is a digital-only banking and spend management platform that caters to venture-backed tech startups. On the other hand, Divvy is an expense management, spend tracking, and corporate credit card platform that serves small businesses. While both platforms offer similar features, there are some notable differences in their offerings. By comparing the two, you can get a better idea of which one would be the best fit for your business needs.

In this article, we'll dive deeper into the features, pricing, integration capabilities, rewards and benefits, support and services, business credit and eligibility, partnerships and acquisitions, and additional features of Brex and Divvy. By the end of this article, you'll have a better understanding of which platform is the right choice for your business.

Brex vs Divvy

If you're looking for an expense management and corporate credit card platform for your small business, you might be considering Brex and Divvy. Both are financial technology companies that offer solutions for businesses to manage their expenses, but they have some key differences.

Brex is a digital-only banking and spend management platform that primarily serves venture-backed startups. It offers a range of features, including expense tracking, virtual cards, and a rewards program. On the other hand, Divvy is an expense management and corporate credit card platform that caters to small businesses. It provides features like real-time expense tracking, budgeting tools, and a physical credit card.

When it comes to user reviews, Brex seems to have a slight edge over Divvy. According to Trustpilot, 75% of the reviews rate Brex as "Excellent," compared to just 51% for Divvy. On G2, Divvy has a composite of 4.5/5 stars with 1,130 reviews, while Brex has a rating of 4.7/5 stars with 1,139 reviews.

One of the main differences between Brex and Divvy is their rewards program. Brex offers a unique rewards structure that includes cashback on software subscriptions, rideshares, and more. Divvy, on the other hand, offers a more traditional rewards program with points that can be redeemed for things like gift cards and travel.

Another difference between the two platforms is their target audience. Brex is primarily aimed at venture-backed startups, while Divvy is designed for small businesses. This means that Brex may offer more advanced features and integrations that startups need, while Divvy may be more accessible and user-friendly for small businesses.

In terms of pricing, both Brex and Divvy offer free plans, but their paid plans differ. Brex charges a monthly fee for its premium plans, while Divvy charges a percentage fee on transactions. It's important to weigh the costs and benefits of each platform to determine which one is the best fit for your business.

Overall, both Brex and Divvy are solid options for businesses looking to manage their expenses and streamline their financial processes. It's important to consider your specific needs and budget when choosing between the two.

Features Comparison

When comparing Brex and Divvy, it's important to consider the features of each platform. Here's a breakdown of the features offered by each platform in two main categories: credit card services and expense management tools.

Credit Card Services

Both Brex and Divvy offer corporate credit cards with unique features. Brex offers a virtual card that can be used for online purchases, as well as a physical charge card for in-person transactions. Divvy offers a physical corporate card that can be used for both online and in-person purchases.

One of the key differences between the two platforms is the credit limit. Brex offers a higher credit limit than Divvy, making it a better option for businesses with higher expenses. Brex also offers a rewards program for its cardholders, which Divvy does not currently offer.

Expense Management Tools

Both Brex and Divvy offer expense management tools to help businesses track and control their spending. Brex offers real-time expense reporting, which allows businesses to track expenses as they happen. Divvy offers spend controls, which allow businesses to set limits on employee spending.

Divvy also offers a spend management solution that includes expense tracking, budgeting tools, and spend controls. Brex offers an expense management software that includes receipt tracking and integration with accounting software.

Overall, Brex and Divvy both offer unique features that can benefit businesses in different ways. When choosing between the two platforms, it's important to consider your business's specific needs and which platform can best meet those needs.

Pricing and Fees

Brex Pricing

Brex offers two cards: the Brex Cash and the Brex Corporate. The Brex Cash card has no annual fee, no foreign transaction fees, and no currency conversion fees. The Brex Corporate card has an annual fee of ￡5 per user per month. Both cards have no interest charges as they require full payment at the end of each billing cycle. There are no overdraft fees, setup fees, or late fees.

Brex also offers a rewards program, where users can earn points on every purchase made with their card. These points can be redeemed for travel, gift cards, or statement credits.

Divvy Pricing

Divvy offers a free account with up to 10 virtual cards and one physical card. For more than 10 virtual cards, the price starts at ￡15 per month. Divvy charges no foreign transaction fees and no currency conversion fees. There are no interest charges as full payment is required at the end of each billing cycle. There are no overdraft fees, setup fees, or late fees.

Divvy also offers a budgeting feature, where users can set spending limits for each card and track expenses in real-time. Additionally, Divvy offers accounts payable automation, where users can pay vendors and suppliers directly from the platform.

Overall, both Brex and Divvy offer competitive pricing and no hidden fees. However, Brex may be a better option for businesses that require a corporate card with a rewards program, while Divvy may be a better option for businesses that require budgeting and accounts payable automation features.

Integration Capabilities

Both Brex and Divvy offer various integration capabilities to help streamline your expenses and accounting processes.

Brex integrates with several accounting software platforms, including QuickBooks Online and Xero. This means that you can easily sync your transactions and expenses with your accounting software, saving you time and reducing the risk of errors. Additionally, Brex integrates with payment processors like Stripe and PayPal, allowing you to easily track your payments and reconcile them with your expenses.

Divvy also offers integrations with popular accounting software platforms like QuickBooks Online and Xero, as well as accounts payable automation software like Bill.com. This means that you can easily manage your expenses and payments in one place, without having to switch between different systems. Additionally, Divvy integrates with various software subscriptions, such as Dropbox and Slack, allowing you to track and manage your subscriptions in one place.

Overall, both Brex and Divvy offer robust integration capabilities that can help streamline your expenses and accounting processes. Whether you prefer to use QuickBooks Online or Xero, or if you need to manage your software subscriptions, both platforms have you covered.

Rewards and Benefits

When it comes to rewards and benefits, both Brex and Divvy offer valuable perks for business users. Let's take a closer look at what each platform has to offer.

Brex Rewards

Brex offers a rewards program that allows you to earn points on your purchases. Depending on the type of card you have, you can earn up to 8x points on rideshares and taxis, 5x on Brex Travel, 4x on restaurant purchases, 3x on software subscriptions, and eligible Apple purchases, and 1x on everything else. These points can be redeemed for statement credits, travel, or transferred to airline and hotel loyalty programs.

In addition to the rewards program, Brex also offers discounts on popular business services such as AWS, Google Ads, and Zoom. You can also get access to exclusive events and networking opportunities.

Divvy Rewards

Divvy offers a cashback rewards program that allows you to earn up to 1% cashback on your purchases. This cashback can be redeemed for statement credits or used to pay bills directly within the platform. Divvy also offers discounts on popular business services such as QuickBooks, Salesforce, and HubSpot.

One unique feature of Divvy is their receipt capture and tracking system. You can easily take a photo of your receipts within the app and they will automatically be categorised and tracked for you. This makes it easy to keep track of your expenses and stay on top of your budget.

Overall, both Brex and Divvy offer valuable rewards and benefits for business users. Depending on your specific needs and spending habits, one platform may be a better fit for you than the other.

Support and Services

When it comes to support and services, both Brex and Divvy offer various options to their customers.

Brex provides phone support to its customers, which is available 24/7. You can also contact them via email or live chat. Additionally, they have a comprehensive knowledge base that includes articles, videos, and FAQs, which can be accessed through their website.

On the other hand, Divvy offers phone support during business hours, Monday to Friday. They also have a knowledge base that includes articles, videos, and FAQs, which can be accessed through their website.

In terms of services, both Brex and Divvy offer similar features, such as expense management, spend tracking, and corporate credit cards. However, Brex is more focused on serving venture-backed tech startups, while Divvy is more focused on serving small businesses.

If you're looking for phone support, Brex may be a better option for you as they offer 24/7 phone support. However, if you're looking for a comprehensive knowledge base, both Brex and Divvy offer similar options.

Overall, both Brex and Divvy provide adequate support and services to their customers. It ultimately comes down to your specific needs and preferences.

Business Credit and Eligibility

When it comes to business credit, both Brex and Divvy offer credit cards that do not require a personal guarantee. This means that you are not personally responsible for paying off any debts incurred by your business. This is a significant advantage for startups and small businesses that may not have established credit or cash flow.

However, both companies do require a credit check to determine eligibility. While Divvy does not perform a personal credit check, Brex does. This means that if you have a poor personal credit score, you may not be eligible for a Brex card.

In terms of eligibility requirements, both Brex and Divvy cater to small-to-medium-sized businesses and enterprise companies. Brex requires that your business has at least $50,000 in the bank, while Divvy does not have a minimum cash requirement.

Overall, if you are looking for a business credit card without a personal guarantee, both Brex and Divvy are good options. However, if you have a poor personal credit score, Divvy may be the better choice.

Partnerships and Acquisitions

Both Brex and Divvy have made strategic partnerships and acquisitions to expand their offerings and improve their services.

Brex has partnered with major companies such as Amazon Web Services (AWS), Stripe, and Shopify to offer exclusive discounts and benefits to its customers. Brex customers who use AWS can receive up to $5,000 in AWS credits, while those who use Stripe can receive up to $5,000 in waived transaction fees. Brex has also partnered with Shopify to offer a 60-day free trial of Shopify Plus, a premium version of Shopify's e-commerce platform.

In terms of acquisitions, Brex acquired three companies in 2022: Neji, a spend management software company; Giga, a rewards and cashback program provider; and ShopPay, a payment processing platform. These acquisitions have allowed Brex to expand its offerings and provide more value to its customers.

Divvy, on the other hand, was acquired by BILL.com in 2021 and has since been rebranded as BILL Spend & Expense. Despite the name change, the company promises that its card features, fees, and reward structure will remain largely unchanged. BILL.com is a leading provider of cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses.

In addition to its acquisition by BILL.com, Divvy has also formed partnerships with several companies to improve its services. For example, Divvy has partnered with Zenefits, a human resources software company, to offer a seamless integration between the two platforms. Divvy has also partnered with SaaS providers such as Expensify and QuickBooks to provide a more comprehensive expense management solution for its customers.

Overall, both Brex and Divvy have made strategic partnerships and acquisitions to expand their offerings and improve their services. These partnerships and acquisitions have allowed them to provide more value to their customers and stay competitive in the corporate credit card market.

Additional Features

Both Brex and Divvy offer a range of additional features that can be useful for small businesses. Here are some of the key features you should be aware of:

• Restaurants and Hotels: Both Brex and Divvy offer rewards for restaurant and hotel spending. Brex offers 4x points on dining and 3x points on travel, while Divvy offers 2% cashback on restaurants and hotels.
• Subscriptions: Divvy offers a feature that allows you to track and manage subscriptions, which can be helpful for businesses that use a lot of software-as-a-service (SaaS) tools.
• Divvy Card: Divvy offers a physical card that you can use to make purchases, which can be helpful for businesses that need to make purchases in person. Brex only offers a virtual card, which can be limiting in some situations.
• Rideshare: Both Brex and Divvy offer rewards for rideshare spending. Brex offers 7x points on Uber and Lyft, while Divvy offers 2% cashback on rideshare.
• FDIC-Insured: Both Brex and Divvy partner with FDIC-insured banks to offer their services, which means that your deposits are protected up to $250,000.
• Web-Based: Both Brex and Divvy are web-based, which means that you can access your account from anywhere with an internet connection.
• Excel Integration: Divvy offers integration with Excel, which can be helpful for businesses that use Excel for budgeting and expense tracking.
• Upfront Fees: Brex charges an upfront fee of $5 per card, while Divvy does not charge any upfront fees.
• Cash on Hand: Divvy offers a feature that allows you to set aside cash for specific expenses, which can be helpful for businesses that need to budget carefully.
• Credit Card Services: Both Brex and Divvy offer credit card services, with Brex offering a Mastercard and Divvy offering a Visa.

Overall, both Brex and Divvy offer a range of features that can be helpful for small businesses. When choosing between the two, it's important to consider which features are most important to you and your business.

Frequently Asked Questions

What are the benefits of using a Divvy credit card for business expenses?

Divvy offers a range of benefits for businesses looking to manage their expenses. With Divvy, you can easily set spending limits for employees, track expenses in real-time, and automate your accounts payable process. Additionally, Divvy offers up to 100 free cards for employees, making it easy to manage expenses across your entire team.

What sets Brex apart from its competitors in the business credit card market?

Brex stands out in the business credit card market for several reasons. Firstly, it offers a range of features that are tailored specifically to the needs of startups and other fast-growing businesses. These include 24/7 customer support, expense management tools, and a rewards program that offers cashback on a range of business expenses. Additionally, Brex is an FDIC-insured bank, meaning that your funds are protected up to $250,000.

Are there any fees associated with using a Divvy credit card?

Divvy does not charge any annual fees or transaction fees for using its credit card. However, there may be fees associated with certain features, such as its accounts payable automation tool. It's important to review the terms and conditions carefully before signing up for any services.

How does Brex compare to Stripe as a payment processing platform for businesses?

Brex and Stripe offer different services for businesses. While Brex is primarily focused on providing credit cards and expense management tools, Stripe is a payment processing platform that allows businesses to accept payments online. Both services can be useful for businesses, depending on their specific needs.

What are some alternatives to Divvy for managing business expenses?

There are several alternatives to Divvy for managing business expenses. These include other fintech companies like Ramp and Airbase, as well as traditional banks and credit card issuers. When choosing a provider, it's important to consider factors like pricing, ease of use, and the specific features offered.

Can you provide a comparison of Ramp and Rho for business banking services?

Ramp and Rho are both fintech companies that offer banking services for businesses. Ramp is primarily focused on providing expense management tools and a corporate credit card, while Rho offers a range of banking services, including checking accounts, wire transfers, and debit cards. Both services can be useful for businesses, depending on their specific needs. It's important to compare the features and pricing of each service before making a decision.