Payhawk

PayhawkType| Private

|

Industry| Fintech
Founded| 2018
Founder|

* Hristo Borisov (CEO)
* Konstantin Dzhengozov (CFO)
* Boyko Karadzhov (CTO)

Headquarters|

London, England

Products| spend management software

Payhawk is a spend management solution for business use. Payhawk combines corporate cards, reimbursable expenses, accounts payable, and accounting software integrations into a single platform.

## History

Payhawk was founded in 2018 in Sofia, Bulgaria by Hristo Borisov, Konstantin Djengozov, and Boyko Karadzhov.[1][2][3][4][5][6][7] Payhawk operates internationally with offices in Europe and USA.[8][9][10][11][12]

The company provides a spend management solution[13][14][15] which includes a web application, mobile app, and features such as corporate cards, expense management software, accounts payable software, reimbursements, invoice management, and enterprise credit cards.[16][17][18] Payhawk can be integrated with ERP and accounting software systems.[19][20]

In March 2020, Payhawk received its initial seed funding of $3.6 million.[21][22][23] In April 2020, the company raised $20 million in its Series A funding round.[24][25][26] In November 2021, the company raised $112 million in its Series B funding round led by Greenoaks Capital, bringing the company's valuation to $570 million.[27][28] In March 2022, in an extension of its Series B funding round, Payhawk secured an additional $100 million, bringing its total valuation to $1 billion.[29][30][31][32]

In September 2022, Payhawk launched in USA, opening an office in New York and introducing their Visa credit card for US based clients.[33][34][35][36] The following month, Payhawk launched its business credit card in the UK.[37] In March 2023, Payhawk launched a zero-interest Visa credit card for eligible USA and UK based clients.[38][39][40]

## References

1. ↑ Tasev, Aleksandar (2019-02-20). "Bulgarian fintech Payhawk raises €500K to further expand and help SMEs manage their expenses | SuperFounders" (in en-US). http://superfounders.com/2019/02/bulgarian-fintech-payhawk-raises-e500k-to-further-expand-and-help-smes-manage-their-expenses/.
2. ↑ "London-based, Bulgarian founded fintech Payhawk raises $20 million in Series A round" (in en-GB). 2021-04-20. https://tech.eu/2021/04/20/london-based-bulgarian-founded-fintech-payhawk-raises-20-million-in-series-a-round/.
3. ↑ Berthoux, Pierre (2022-12-13). "Hristo Borisov, cofondateur et CEO de Payhawk : « Le défi pour le secteur bancaire est de ne plus se cantonner au paiement mais bien de fournir une offre de services plus large »" (in fr-FR). https://www.forbes.fr/business/hristo-borisov-cofondateur-et-ceo-de-payhawk-le-defi-pour-le-secteur-bancaire-est-de-ne-plus-se-cantonner-au-paiement-mais-bien-de-fournir-une-offre-de-services-plus-large/.
4. ↑ "The AUBG alumni-founded fin-tech company Payhawk becomes first-ever Bulgarian startup company valued at over $1 billion after raising $100m in a Lightspeed-led Series B extension." (in en-US). https://www.aubg.edu/events/the-aubg-alumni-founded-fin-tech-company-payhawk-becomes-first-ever-bulgarian-startup-company-valued-at-over-1-billion-after-raising-100m-in-a-lightspeed-led-series-b-extension/.
5. ↑ Newsroom (2022-03-01). "Startup-ul Payhawk devine primul unicorn din Bulgaria" (in ro-RO). https://cursdeguvernare.ro/startup-ul-payhawk-devine-primul-unicorn-din-bulgaria.html.
6. ↑ Williams-Grut, Oscar (2021-11-23). "Fintech Payhawk raises £83 million as it eyes expansion to the US" (in en). https://www.standard.co.uk/business/payhawk-series-b-112-million-dollars-greenoaks-fintech-b967707.html.
7. ↑ "Payhawk: Ein Fintech aus Sofia will Deutschland erobern" (in de). 2021-07-12. https://www.berliner-zeitung.de/wirtschaft-verantwortung/payhawk-ein-fintech-aus-sofia-will-deutschland-erobern-li.169935.
8. ↑ "Payhawk arrive en France" (in fr-FR). 2022-10-11. https://www.jaimelesstartups.fr/news/payhawk-arrive-en-france/.
9. ↑ "Payhawk откри нов офис в София - Economy.bg". https://economy.bg/business/view/53735/Payhawk-otkri-nov-ofis-v-Sofiya.
10. ↑ Hartog, Nanda den (2022-09-08). "Fintech unicorn Payhawk opent in Amsterdam" (in nl). https://www.dezaak.nl/partner-content/fintech-unicorn-payhawk-opent-in-amsterdam/.
11. ↑ "Payhawk, la solución para facilitar la gestión de gastos y pagos para empresas, llega a España" (in es). 2021-06-17. https://www.expansion.com/economia-digital/companias/2021/06/17/60cb28b2468aeb41298b4667.html.
12. ↑ DÍAS, CINCO (2022-11-10). "La ‘fintech’ Payhawk aumenta su facturación en España un 242% en lo que va de año" (in es). https://cincodias.elpais.com/cincodias/2022/11/10/companias/1668109929_574593.html.
13. ↑ Capital.bg (2022-03-01). "Payhawk: Първата млада българска компания за 1 млрд. долара" (in bg). https://www.capital.bg/biznes/tehnologii_i_nauka/2022/03/01/4317935_payhawk_purvata_mlada_bulgarska_kompaniia_za_1_mlrd/.
14. ↑ Майер, Мирослав (2022-03-01). "Payhawk е първият еднорог в България" (in bg-BG). https://forbesbulgaria.com/2022/03/01/payhawk-е-първият-еднорог-в-българия-с-оценка/.
15. ↑ "Payment Solutions Provider Payhawk Receives $112 Million in Funding | Finance Magnates" (in en). 2021-11-24. https://www.financemagnates.com/fintech/news/payment-solution-provider-payhawk-receives-112-million-in-funding/.
16. ↑ Harrison, Polly Jean (2021-11-18). "Behind the Idea: Payhawk" (in en-GB). https://thefintechtimes.com/behind-the-idea-payhawk/.
17. ↑ Burroughs, Callum. "Payhawk, which makes it easier to manage expenses, has raised $100 million above a unicorn valuation. We got an exclusive look at its Series B pitch deck." (in en-US). https://www.businessinsider.com/payhawk-expense-management-fintech-raises-100m-at-unicorn-valuation-2022-2.
18. ↑ Staff, Emerging Europe (2022-03-02). "Bulgaria gets its first unicorn, fintech start-up Payhawk" (in en-GB). https://emerging-europe.com/business/bulgaria-gets-its-first-unicorn-fintech-start-up-payhawk/.
19. ↑ "Payhawk opens New York office and launches US credit card - Fintech Finance". https://ffnews.com/newsarticle/payhawk-opens-new-york-office-and-launches-us-credit-card-2/.
20. ↑ "Fintech Payhawk został pierwszym bułgarskim jednorożcem" (in pl). https://fintek.pl/bulgaria-doczekala-sie-pierwszego-jednorozca-zostal-nim-fintech-payhawk/.
21. ↑ AUBG. "Alumni-founded Payhawk Raises $20 Million" (in en). https://today.aubg.edu/news/alumni-founded-payhawk-raises-20-million/.
22. ↑ "Bulgarian fintech Payhawk raises $20mn in funding round led by QED Investors" (in en). 2021-04-21. https://intellinews.com/bulgarian-fintech-payhawk-raises-20mn-in-funding-round-led-by-qed-investors-208675/.
23. ↑ "Klarna backer pumps $20M in London fintech Payhawk" (in en-GB). 2021-04-20. https://www.uktech.news/news/klarna-backer-invests-in-london-fintech-payhawk-20210420.
24. ↑ "Mishcon de Reya advises Payhawk on $20m Series A fundraising" (in en). 2023-06-19. https://www.mishcon.com/news/mishcon-de-reya-advises-payhawk-on-20m-series-a-fundraising.
25. ↑ "Bulgarian fintech co Payhawk mulls IPO, plans to double headcount - report" (in en). https://seenews.com/news/bulgarian-fintech-co-payhawk-mulls-ipo-plans-to-double-headcount-report-778391.
26. ↑ "Payhawk gains unicorn status after US$100mn funding round" (in en). 2022-03-01. https://fintechmagazine.com/banking/payhawk-gains-unicorn-status-after-us-100mn-funding-round.
27. ↑ "Payhawk raises $112m in second largest B2B Series B in CEE". https://www.fintechfutures.com/2021/11/payhawk-raises-112m-in-second-largest-b2b-series-b-in-cee/.
28. ↑ "Payhawk continues to spread its wings, raises $115 million in new capital" (in en-GB). 2021-11-23. https://tech.eu/2021/11/23/payhawk-continues-to-spread-its-wings-raises-115-million-in-new-capital/.
29. ↑ Dorbian, Iris (2022-03-01). "Payhawk inks $100m Series B extension" (in en-US). https://www.venturecapitaljournal.com/payhawk-inks-100m-series-b-extension/.
30. ↑ Muhn (@julieschicktanz), Julie (2022-03-01). "Bulgaria-based Payhawk Raises $100 Million for Business Spend Management" (in en-US). https://finovate.com/bulgaria-based-payhawk-raises-100-million-for-business-spend-management/.
31. ↑ "Скачай в дълбокото, ако искаш компания за 1 млрд. долара (ВИДЕО)" (in bg-BG). https://businessnovinite.bg/korporativni-istorii/skachaj-v-dalbokoto-ako-iskash-kompanija-za-1-mlrd-dolara-video.html.
32. ↑ Ivanova, Elena (2022-03-01). "Payhawk Is Officially Bulgaria's First Unicorn" (in en-GB). https://therecursive.com/payhawk-is-officially-bulgaria-s-first-unicorn/.
33. ↑ "Payhawk opens New York office and launches US credit card" (in en-US). 2022-09-13. https://finance.yahoo.com/news/payhawk-opens-york-office-launches-100000810.html.
34. ↑ admin (2022-09-14). "Bulgarian born fintech Payhawk opens New York office and launches US credit card" (in ro-RO). https://nocash.ro/bulgarian-born-fintech-payhawk-opens-new-york-office-and-launches-us-credit-card/.
35. ↑ "Spend management platform Payhawk expands to the US" (in en). 2022-09-13. https://www.finextra.com/newsarticle/40951/spend-management-platform-payhawk-expands-to-the-us.
36. ↑ "Payhawk opens New York office and launches US credit card" (in en-CA). https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/payhawk-opens-new-york-office-and-launches-us-credit-card.
37. ↑ "Payhawk launches business credit cards" (in en). https://www.altfi.com/article/9915_payhawk-launches-business-credit-cards.
38. ↑ "UK’s Payhawk launches zero-interest emergency credit cards for US and UK businesses | Silicon Canals" (in en-US). 2023-03-13. https://siliconcanals.com/news/startups/payhawk-zero-interest-emergency-credit-cards/.
39. ↑ "Payhawk launches zero-interest credit cards for US and UK businesses" (in en-US). https://ibsintelligence.com/ibsi-news/payhawk-launches-zero-interest-credit-cards-for-us-and-uk-businesses/.
40. ↑ "Payhawk lanceert emergency creditcard voor fintech-klanten in Noord-Amerika en Verenigd Koninkrijk" (in nl). https://www.emerce.nl/wire/payhawk-lanceert-emergency-creditcard-fintechklanten-noordamerika-verenigd-koninkrijk.

0.00

(0 votes)

|

Retrieved from "https://handwiki.org/wiki/index.php?title=Company:Payhawk&oldid=2627434"