Fintech startup Payhawk raises €99 million to expand payments and expenses solution

Funding Rounds

▤ Summary

For high-growth companies looking to digitise their financial process, Payhawk is emerging as a leading platform, especially for those with global offices. Hristo Borisov, CEO and Founder, said: “Managing company cards, especially reports, bill payments, and invoices is currently a disconnected experience bridged by finance teams through a lot of manual work. We are building enterprise software running on global payments infrastructure that automates all spend processes. Headquartered in London, the young fintech was founded by Hristo Borisov, Boyko Karadzhov, and Konstantin Dzhengoov. The young company will also use the funds to accelerate its product roadmap, with the launch of a credit card in Q1 2022, and cheap cross-border transfers as an alternative to SWIFT payments.

$ Funding

$
Amount $115.0M Total raised
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Date November 23, 2021 Announcement date
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Investors - Lead investors
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Company https://payhawk.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Expense management software Corporate credit card software Accounting automation software

▦ Linked Companies

Payhawk
$10M to $25M