Prediction Held up AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Alex Bean: Divvy will hit a $100M run rate within two years

Alex Bean · Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV · May 17, 2021 · at 15:06

Divvy co-founder Alex Bean confirms to Nathan Latka that the company is on track to surpass a $100 million run rate within two years.

0:00 / 0:02exact quote · 2.4s

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“No, I'm very confident that we will achieve that.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Divvy will break a $100 million revenue run rate within two years.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Alex Bean predicted on May 17, 2021, that Divvy would break a $100 million revenue run rate within two years (by May 17, 2023). Following Divvy's acquisition by Bill.com Holdings, Inc. on June 1, 2021, public SEC filings and earnings reports confirmed that Divvy generated $10.3 million in revenue in its first full month under Bill.com (June 2021), representing an annualized run rate of $123.6 million. Furthermore, by Fiscal Q4 2022 (ended June 30, 2022), Divvy alone generated $69.5 million in quarterly revenue (an annualized run rate of $278 million), and contributed more than $200 million in total revenue for the full fiscal year 2022, easily surpassing the $100 million threshold well ahead of the May 2023 horizon.

Bill.com acquisition presentations from May 7, 2021, reported Divvy's annualized revenue run rate was already approaching approximately $100 million prior to closing.
Bill.com's SEC disclosures showed Divvy generated $10.3 million in revenue in June 2021 alone, establishing an annualized run rate of $123.6 million.
For Fiscal Q4 2022 (ended June 30, 2022), Bill.com reported Divvy generated $69.5 million in quarterly revenue (equivalent to a $278 million annualized run rate) and over $200 million across fiscal year 2022.

Checked against

[1] ftpartners.com [2] siliconangle.com [3] hhhypergrowth.com [4] bill.com [5] onlycfo.io [6] q4cdn.com [7] q4cdn.com [8] seekingalpha.com

"Divvy" "June 1, 2021" "Form 10-K" "Bill.com Holdings, Inc." "June 30, 2022" revenue Bill com Divvy revenue run rate 100 million 2021 2022 2023 Bill com acquisition of Divvy June 2021 revenue contribution Bill com Divvy annual revenue run rate "Divvy" revenue "June 30, 2022" "10-K" "Bill.com" "Divvy" revenue "fiscal year ended June 30, 2022" Bill.com 10-K

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Divvy

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More from Alex Bean

Disclosure

Bean: Divvy offers free software by monetizing card interchange fees

“We make money just like the banks would. And then we give you the software that Expensify and others are giving you. So we really combine it into one platform.”

Alex Bean May 17, 2021 ▶ 4:50 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Insight

Bean: Co-founders can be true partners without a 50/50 equity split

“And the advice I would give a non CEO co-founder is you have to understand where you sit for me. I always knew Blake was the quarterback and I was the running back to use a football reference, meaning we were partners and he, I don't think he could have done i…”

Alex Bean May 17, 2021 ▶ 7:44 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Assertion Supported

Bean: The vast majority of Divvy's revenue comes from interchange fees

“Almost, almost all I would say majority of that is on interchange.”

Alex Bean May 17, 2021 ▶ 10:30 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Insight

Bean: Underwriting skill minimizes loss rates rather than increasing revenue

“Underwriting just minimizes your losses. It doesn't actually add you. If you're really good at underwriting, it doesn't add revenue. It minimizes your loss rate.”

Alex Bean May 17, 2021 ▶ 10:51 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Assertion Not checkable as stated

Bean: Divvy Maintains Annual Churn Rate Under 5 Percent

“Yeah, it's very fair. So which is crazy on a free product that people can walk away, right?”

Alex Bean May 17, 2021 ▶ 16:32 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Opinion

Bean: Brex Innovated on Credit While Divvy Innovated on Software

“Brex drove innovation on the credit side and they deserve a lot of credit for it. We drove innovation on the software side and we deserve a lot of credit for it.”

Alex Bean May 17, 2021 ▶ 18:19 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Alex Bean: Divvy will hit a $100M run rate within two years

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