PayDivvy Acquired By Higher One

Newport Beach-based PayDivvy, an online service which let groups split bills among each other, has been acquired by Higher One, a provider of student financial services company. Financial terms of the buy were not disclosed. PayDivvy had allowed users to split up bills--utilities, restaurant bills, other shared expenses--and handled collecting those various split bills between friends, roommates, and others. The firm was headed by Mike Melby.