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Payhawk

From EverybodyWiki Bios & Wiki

Payhawk
Private
ISIN🆔
IndustryFintech
Founded 📆2018
Founder 👔
  • Hristo Borisov (CEO)
  • Konstantin Dzhengozov (CFO)
  • Boyko Karadzhov (CTO)
Headquarters 🏙️,
Area served 🗺️
Products 📟 spend management software
Members
Number of employees
🌐 Websitehttp://payhawk.com/
📇 Address
📞 telephone

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[edit]

Payhawk was founded in 2018 in Sofia, Bulgaria by Hristo Borisov, Konstantin Dzhengozov, 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]

Competitors[edit]

References[edit]

  1. Tasev, Aleksandar (2019-02-20). "Bulgarian fintech Payhawk raises €500K to further expand and help SMEs manage their expenses | SuperFounders". Retrieved 2023-06-19.
  2. "London-based, Bulgarian founded fintech Payhawk raises $20 million in Series A round". Tech.eu. 2021-04-20. Retrieved 2023-06-19.
  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 »". Forbes France (in français). Retrieved 2023-06-19.
  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". AUBG. Retrieved 2023-06-19.
  5. Newsroom (2022-03-01). "Startup-ul Payhawk devine primul unicorn din Bulgaria". CursDeGuvernare.ro (in română). Retrieved 2023-06-19.
  6. Williams-Grut, Oscar (2021-11-23). "Fintech Payhawk raises £83 million as it eyes expansion to the US". Evening Standard. Retrieved 2023-06-19.
  7. "Payhawk: Ein Fintech aus Sofia will Deutschland erobern". Berliner Zeitung (in Deutsch). 2021-07-12. Retrieved 2023-06-19.
  8. "Payhawk arrive en France". J'aime les startups (in français). 2022-10-11. Retrieved 2023-06-19.
  9. "Payhawk откри нов офис в София - Economy.bg". economy.bg. Retrieved 2023-06-19.
  10. Hartog, Nanda den (2022-09-08). "Fintech unicorn Payhawk opent in Amsterdam". De Zaak (in Nederlands). Retrieved 2023-06-19.
  11. "Payhawk, la solución para facilitar la gestión de gastos y pagos para empresas, llega a España". EXPANSION (in español). 2021-06-17. Retrieved 2023-06-19.
  12. DÍAS, CINCO (2022-11-10). "La 'fintech' Payhawk aumenta su facturación en España un 242% en lo que va de año". Cinco Días (in español). Retrieved 2023-06-19.
  13. Capital.bg (2022-03-01). "Payhawk: Първата млада българска компания за 1 млрд. долара". www.capital.bg (in български). Retrieved 2023-06-19.
  14. Майер, Мирослав (2022-03-01). "Payhawk е първият еднорог в България". forbesbulgaria.com (in български). Retrieved 2023-06-19.
  15. "Payment Solutions Provider Payhawk Receives $112 Million in Funding | Finance Magnates". Financial and Business News | Finance Magnates. 2021-11-24. Retrieved 2023-06-19.
  16. Harrison, Polly Jean (2021-11-18). "Behind the Idea: Payhawk". The Fintech Times. Retrieved 2023-06-19.
  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". Business Insider. Retrieved 2023-06-19.
  18. Staff, Emerging Europe (2022-03-02). "Bulgaria gets its first unicorn, fintech start-up Payhawk". Emerging Europe. Retrieved 2023-06-19.
  19. "Payhawk opens New York office and launches US credit card - Fintech Finance". ffnews.com. Retrieved 2023-06-19.
  20. "Fintech Payhawk został pierwszym bułgarskim jednorożcem". fintek.pl (in polski). Retrieved 2023-06-19.
  21. AUBG. "Alumni-founded Payhawk Raises $20 Million". BLOG | AUBG. Retrieved 2023-06-19.
  22. "Bulgarian fintech Payhawk raises $20mn in funding round led by QED Investors". intellinews.com. 2021-04-21. Retrieved 2023-06-19.
  23. "Klarna backer pumps $20M in London fintech Payhawk". UKTN | UK Tech News. 2021-04-20. Retrieved 2023-06-19.
  24. "Mishcon de Reya advises Payhawk on $20m Series A fundraising". Mishcon de Reya LLP. 2023-06-19. Retrieved 2023-06-19.
  25. "Bulgarian fintech co Payhawk mulls IPO, plans to double headcount - report". seenews.com. Retrieved 2023-06-19.
  26. "Payhawk gains unicorn status after US$100mn funding round". fintechmagazine.com. 2022-03-01. Retrieved 2023-06-19.
  27. "Payhawk raises $112m in second largest B2B Series B in CEE". fintechfutures.com.
  28. "Payhawk continues to spread its wings, raises $115 million in new capital". Tech.eu. 2021-11-23. Retrieved 2023-06-19.
  29. Dorbian, Iris (2022-03-01). "Payhawk inks $100m Series B extension". Venture Capital Journal. Retrieved 2023-06-19.
  30. Muhn (@julieschicktanz), Julie (2022-03-01). "Bulgaria-based Payhawk Raises $100 Million for Business Spend Management". Finovate. Retrieved 2023-06-19.
  31. "Скачай в дълбокото, ако искаш компания за 1 млрд. долара (ВИДЕО)". Бизнес новините (in български). Retrieved 2023-06-19.
  32. Ivanova, Elena (2022-03-01). "Payhawk Is Officially Bulgaria's First Unicorn". TheRecursive.com. Retrieved 2023-06-19.
  33. "Payhawk opens New York office and launches US credit card". Yahoo Finance. 2022-09-13. Retrieved 2023-06-19.
  34. admin (2022-09-14). "Bulgarian born fintech Payhawk opens New York office and launches US credit card". NOCASH ® de 22 ani (in română). Retrieved 2023-06-19.
  35. "Spend management platform Payhawk expands to the US". Finextra Research. 2022-09-13. Retrieved 2023-06-19.
  36. "Payhawk opens New York office and launches US credit card". financialpost. Retrieved 2023-06-19.
  37. "Payhawk launches business credit cards". AltFi. 4 October 2022. Retrieved 2023-06-19.
  38. "UK's Payhawk launches zero-interest emergency credit cards for US and UK businesses | Silicon Canals". 2023-03-13. Retrieved 2023-06-19.
  39. "Payhawk launches zero-interest credit cards for US and UK businesses". IBS Intelligence. Retrieved 2023-06-19.
  40. "Payhawk lanceert emergency creditcard voor fintech-klanten in Noord-Amerika en Verenigd Koninkrijk". Emerce (in Nederlands). Retrieved 2023-06-19.


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