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. A rapidly growing number of businesses are choosing Divvy, including tech companies like Noom, e-commerce merchants like Solo Stove and Rhone, vision care leaders like EyeCare Partners, LLC, and iconic sports franchises like the Utah Jazz and the Atlanta Dream.
Divvy's simplified process and cost-saving benefits are especially important to Main Street businesses that are navigating the challenges and opportunities brought on by the COVID-19 pandemic. As a result, Divvy has driven a 500% increase in monthly sign-ups since March 2020.
The valuation of $1.6 billion and the addition of key investors validates Divvy's ambition to modernize financial processes by combining credit, vendor, and spend management into a single platform. With this round of funding, Divvy plans to invest heavily in product development and engineering in order to accelerate their future roadmap.
"With its compelling free software, Divvy is poised to become a key part of the financial nervous system for businesses," said Peter Sanborn, Vice President, head of corporate development at PayPal and managing partner of PayPal Ventures. "PayPal and Divvy share a goal of simplifying all that goes into running a business, which creates more time to focus on customers. We're thrilled to support Divvy's continued expansion."
About DivvyDivvy modernizes finance for business by combining expense management software and smart corporate cards into a single platform. With Divvy, finance leaders get real-time visibility into their company spend and flexible controls that prevent teams from ever going over budget. By providing the capital and financial software they need, Divvy helps businesses in every industry to thrive. Learn more at getdivvy.com.
Divvy is Chicago's bike share system, with more than 800 stations and over 15,000 bikes and scooters across Chicagoland. It's a fun, affordable, and convenient way to get around. Now, thanks to a partnership with Northwestern, Divvy is even more affordable!
University Membership
In May 2018, Divvy created the University Membership, which expanded the student membership program to also allow faculty and staff to take advantage of the discounted membership. Any full- or part-time student, faculty, or staff member at Northwestern is eligible.
View discount instructions. Note: You will need to log in with your Northwestern NetID and password to access this page.
To reach the customer support team, visit lft.to/divvy-support (external website).
Good that you found a station nearby! Did you look on the app for an open station? Today I had a near miss where I was the last bike in the station and had the thought that I'm not really close to another station.
They're demolishing a large area at the head of the platforms at LaSalle St. station. Major PITA project, as it affects tracks, schedules and the surrounding area. Because I take the train there every day, I really wish this Divvy station was available, as entering the station is only possible on the WEST side of the station until they've rebuilt the demolished area, which will be several weeks.
Especially in the loop (Jackson and LaSalle; Adams and LaSalle, and Dearborn and Adams). I've complained to Divvy twice now, but the person who distributes the bikes must think that his job is to completely fill all of the spaces. They're always loaded up 100%. I do use the app, but have found that the Van Buren and Clark divvy station is usually half empty and park there.
It was Adams and LaSalle that was full, which seemed a little weird to me. I have no idea if it was Divvy adding bikes or people "checking-in" but I was surprised. I've had the same thing happen a few times on Michigan Ave too. Both times, I just umDivvyed around until I found what I was looking for.
'Definitely the best of the bunch. I got dock blocked this morning at LaSalle and Jackson. They added additional racks over the past month, but it was still full. Usually this doesn't start happening until summer. 'Very frustrating.
Divvy is the bicycle sharing system in the Chicago metropolitan area, currently serving the cities of Chicago and Evanston. The system is owned by the Chicago Department of Transportation and has been operated by Lyft since 2019. As of Sept 2021, Divvy operated 16,500 bicycles and over 800 stations, covering 190 square miles.[3]
In 2007, Chicago Mayor Richard M. Daley visited Paris, France, where he tested their Vlib' bicycle sharing system and was "greatly impressed".[4] He determined that a similar system would work well in Chicago.[5] After returning from his European trip, Mayor Daley requested proposals from private partners to create a bike share system for Chicago. Two potential operators came forward but submitted plans that would have been too expensive for the city to fund.[6]
In May 2012, the City of Chicago awarded Alta Bicycle Share (acquired by Bikeshare Holdings LLC in 2014 and renamed to Motivate)[7] a contract for "the purchase, installation, and operation of a bicycle sharing system".[8]
On June 28, 2013, Divvy launched with 750 bikes at 75 stations in an area from the Loop north to Berwyn Ave, west to Kedzie Ave, and south to 59th St.[9][10] A planned expansion of the number of stations in spring 2014 was delayed to 2015 due to supply shortages.[11]
In October 2014, TWU (Transport Workers' Union) Local 100 of New York City filed an election petition with the NLRB seeking to represent "almost 70 full-time and part-time workers, including mechanics and truck drivers, who are paid $12 to $16 an hour."[12]
The unionization effort came after employees of Citi Bike in NYC, owned by the same parent company Motivate (formerly Alta Bicycle Share), joined TWU Local 100 in September 2014[13] and alongside similar efforts by employees of Motivate in Boston (Hubway)[14] and Washington, D.C. (Capital Bikeshare).[15]
In March 2019, Mayor Rahm Emanuel proposed a 9-year contract to grant Lyft (owner of Motivate) exclusive rights to operate the city-owned system and receive a portion of the subsequent advertisement revenue. The deal required Lyft to invest US$50 million to add 175 stations and 10,500 bikes to the system, expand to all 50 city wards by 2021, and add electric pedal bikes which could lock to both Divvy stations and conventional bike racks. Lyft would additionally be required to make annual payments to the city starting at US$6 million and increasing by 4 percent each year; the city would share in at least US$1.5 million in advertisement revenue each year.[16]
As of the end of 2022, Divvy had over 800 stations, mostly within Chicago city limits, with numerous stations in Evanston as well. Divvy covers a total of 234 square miles, the largest service area of any bicycle sharing system in North America.[1]
The name Divvy is a playful reference to sharing ("divvy it up"). Divvy's light-blue color palette and four stars evoke the Chicago flag. The double Vs in the Divvy logo refer to the shared-lane markers painted on bike lanes throughout the city, and are a nod to how the city prioritizes bike safety, paving the way for new riders.[citation needed]
The naming, logo, and brand strategy for the system was developed through a partnership between the global design firm IDEO and the Chicago brand strategy studio Firebelly Design. IDEO led the project's research, conceptual brand development, and naming phases; Firebelly team led the identity design, communication system and brand guideline phases.[citation needed]
Divvy bicycles are utility bicycles with a unisex step-through frame that provides a lower center of gravity and ease of access to a wide range of heights. All bikes are painted "Chicago blue", with the exception of one "unicorn bike": a bright red bike, dubbed #Divvyred.[20]
The one-piece aluminum frame and handlebars conceal cables to protect them from vandalism and inclement weather. The heavy-duty tires are designed to be puncture-resistant and filled with nitrogen to maintain proper inflation pressure longer.[21] Front and rear flashing LED lights are integrated into the frame, which weighs approximately 40 lb (18 kg). Divvy bikes have three speeds, a bell, and a front rack.
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