Brex and Divvy are corporate-card and spend-management platforms built for very different businesses—and both have changed. Neither is a bank: Brex is a fintech (now owned by Capital One), and Divvy is now BILL Spend & Expense after Bill.com acquired it. Brex has moved upmarket to funded startups and larger companies, while BILL Spend & Expense stays open to small businesses. Here's how the two compare in 2026, and where a banking-first option fits if neither is right for you.
What happened to Divvy?
Divvy no longer exists as a standalone brand. Bill.com (now BILL) acquired Divvy in 2021 and rebranded the platform to BILL Spend & Expense; the corporate card is now the BILL Divvy Card. So if you're searching for "Divvy," you're looking for BILL Spend & Expense—a spend-management platform with a corporate charge card, unlimited virtual cards, and no personal guarantee, aimed at businesses of any size. One common mix-up worth clearing up: Brex did not acquire Divvy. Brex and BILL are unrelated companies. Brex itself was acquired by Capital One, which completed the $5.15 billion deal in April 2026.
What is Brex?
Brex is a spend-management platform that pairs corporate charge cards with a business account and expense tools, built for funded startups and enterprise companies. It's a fintech, not a bank—and as of April 2026 it's a subsidiary of Capital One.
Companies with venture-backed cash use Brex to issue physical and virtual charge cards, give employees real-time expense reporting, and connect banking with accounting software and payment processors like Stripe.
That depth is why Brex shifted upmarket in 2022, dropping traditional small-business customers to focus on funded startups and larger organizations.
What is Divvy?
Divvy is now BILL Spend & Expense—an all-in-one spend-management platform focused on expense tracking and budget control. It gives businesses visibility into spending and tools to make financial decisions.
It isn't a bank account; you connect an existing business bank account to fund payments and move cash. BILL Spend & Expense serves businesses of any size, from small teams to larger organizations.
Brex vs. Divvy: what's the difference?
The main difference is who each one is for. Brex is a spend-management and corporate-card platform aimed at funded startups and enterprises; BILL Spend & Expense (formerly Divvy) is a spend-management and corporate-card platform open to businesses of any size. Neither is a bank. The practical divide is eligibility—Brex qualifies you on funding and cash reserves, while BILL Spend & Expense is broadly available to small businesses.
Brex vs. Divvy comparison chart
Here's how the two compare on the features that matter most:
Feature | Brex | BILL Spend & Expense (formerly Divvy) |
|---|---|---|
What it is | Corporate card + spend management + business account | Corporate card + spend & expense management |
Best for | Funded startups, scaling & enterprise | Small to midsize businesses |
Open to any business size | ❌ (excludes sole props; ~$50K cash) | ✅ |
Monthly software fee | None | None |
Personal guarantee | Not required | Not required |
Virtual cards | ✅ | ✅ (unlimited) |
Rewards on card spend | ✅ category multipliers | ✅ up to 7x by category |
Accounts payable automation | ❌ | ✅ (via BILL) |
QuickBooks / Xero / NetSuite sync | ✅ | ✅ |
2026 ownership | Capital One (acquired Apr 2026) | BILL (acquired Divvy 2021) |
> Looking for a business bank account instead of a corporate card? See how Relay compares to Brex.
Qualifying for an account
BILL Spend & Expense is broadly available to U.S. businesses; you request access and BILL's onboarding team completes the setup. Eligibility is open across the small-business range, with no personal guarantee and no personal credit check.
Brex sets a higher bar, and qualifies businesses on funding rather than headcount. It onboards professionally funded companies—venture- or equity-backed—or businesses above roughly $1M in annual revenue, and its monthly-repayment path generally expects around $50,000 in cash reserves. Brex doesn't serve sole proprietorships.
On pricing, both are free to use as software, with no subscription or annual fee. BILL earns from a share of merchant transaction fees; Brex earns through interchange, interest on cash, and partner and referral fees. Neither requires a personal guarantee.
Banking collaboration with accountants
Both Brex and BILL Spend & Expense integrate with QuickBooks Online and other accounting software, and both offer user-management controls. BILL Spend & Expense emphasizes customizable spending limits on employee cards and tools to enforce budgets.
Cashback and rewards
Brex and BILL Spend & Expense both run rewards programs on card spend, with category-based points you can redeem for statement credits or partner offers, plus discounts from vendors like Amazon Web Services and travel partners. BILL Spend & Expense advertises up to 7x rewards on certain categories.
Accounts payable management
This is where the two diverge. BILL Spend & Expense connects to BILL's accounts-payable automation—the same BILL platform—so bill capture, approval routing, and payment automation sit alongside the card (AP automation may carry its own BILL pricing). Brex doesn't offer full AP automation; it focuses on expense management for teams at larger organizations—expense policies, invoices emailed in, and per-employee or vendor-specific cards.
Verdict: which expense management alternative is right for you?
Which one fits comes down to how your business is funded and what you need the platform to do.
If you're a small or midsize business that wants spend management and a corporate card without funding requirements, BILL Spend & Expense is the more accessible option—and it adds accounts-payable automation.
If you're a funded startup or larger company that needs high credit limits and detailed spend reporting, and you meet the cash and funding bar, Brex is built for that profile.
And if you're neither? Then consider an online banking and money management platform like Relay, one of the best online business bank account picks for small businesses.
Cash flow management with Relay
Cash flow is the top pressure for most small businesses. Relay is an online banking and money-management platform that helps small businesses see exactly what they're earning, spending, and saving.
Relay lets you set up spend controls, create virtual cards for your team, and open multiple business checking accounts so your money is organized before you spend it—with no monthly maintenance fees on the Starter plan. Relay is a financial technology company; banking services are provided by Thread Bank, Member FDIC. Take a closer look at Relay.
Frequently asked questions
Did Brex acquire Divvy?
No. Bill.com (now BILL) acquired Divvy in 2021 and rebranded it to BILL Spend & Expense. Brex and BILL are separate, unrelated companies. Brex was itself acquired by Capital One, which completed the deal in April 2026.
Is Divvy still available?
Yes—as BILL Spend & Expense. The platform and its corporate card (now the BILL Divvy Card) continue under BILL; the standalone "Divvy" brand has been retired.
Is Brex available to small businesses?
Not to bootstrapped ones. Since 2022 Brex onboards professionally funded companies—venture- or equity-backed, or above roughly $1M in annual revenue—and generally expects around $50,000 in cash. Sole proprietorships aren't eligible.
Do Brex or BILL Spend & Expense require a personal guarantee?
No. Neither requires a personal guarantee or a personal credit check—approval is based on business details.
What's an alternative to both?
If you'd rather manage spending through your bank accounts than a corporate-card program, a banking-first platform like Relay lets you separate money into dedicated checking accounts and issue team cards tied to each budget.
