Bulgarian fintech Payhawk raises €500K to further expand and help SMEs manage their expenses | SuperFounders
Summary
Founded in August 2018, just six months ago, Payhawk is a payment solution which helps small businesses deal with expenses. With their product, their corporate cards as well as their software application, they help SMEs to collect and reads data from invoices and receipts, thus eliminating the need for cost statements. The fintech initiated by Borisov and his colleague Boyko Karadjov lunch their product at the beginning of February, practically 20 days ago. “Building a fintech product requires expertise and knowledge in technology, finance and law to compete in a heavily regulated and competitive market. With 150 collective investments according to the fund, their team has gained a great knowledge on how to transform a startup into a scaleup in a capital efficient way.
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