# Payhawk: Financial services, London, United Kingdom

> Payhawk: Payhawk is a global financial technology company that specializes in AI-native spend management solutions for businesses.

Source: https://millionrounds.com/startup/payhawk-2 (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Financial services startup](https://millionrounds.com/companies)

# Payhawk

Payhawk is a global financial technology company that specializes in AI-native spend management solutions for businesses.

Funding reported Last round: Series B

Financial services London, United Kingdom

Company summary

- **Founded:** 2018 8 years old
- **Team:** 490 201 to 1,000 people
- **Funding reported:** 239.1M as listed, currency not stated
- **Last round:** Series B Mar 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Payhawk has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Payhawk

Payhawk is a global financial technology company that specializes in AI-native spend management solutions for businesses.

Founded in 2018 in Sofia, Bulgaria, and now headquartered in London, the company has quickly established itself as a leader in the corporate finance sector. Payhawk became Bulgaria's first unicorn in 2021, achieving a valuation of $1 billion after raising significant funding from notable investors. The company offers an all-in-one, cloud-based spend management platform designed to automate financial processes. Key features include a global money account for real-time visibility over spending, smart corporate cards with customizable limits, and automated expense management that utilizes AI for data extraction and categorization. Payhawk also integrates seamlessly with accounts payable workflows and provides mobile and web applications for easy access. Targeting mid-market and enterprise clients across 32+ countries, Payhawk helps businesses streamline their financial operations while maintaining strict control over spending.

## What company datasets say Payhawk raised

Funding, as reported

Reported in all **239.1M** in the source's currency

Rounds **6**

Last round **Series B**

Last round size **115M**

Last round date **Mar 2022**

Investors listed **19**

## Funding filed with regulators

Payhawk filed one raise, $98M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Mar 2022 **$98M** UK share allotment

## Founders and team

From Payhawk's own website: 3 founders.

**Hristo Borisov** Co-founder & CEO

**Boyko Karadzhov** Co-founder & CTO

**Konstantin Dzhengozov** Co-founder & CFO

## On 2 portfolio pages

Investors who name them

- [Sprints](https://millionrounds.com/fund/sprints-2)
- [MFG Invest](https://millionrounds.com/fund/mfg-invest)

Each firm lists Payhawk on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

expense categorization enterprise-grade security cross-border payment automation multi-country expense tracking cloud-based platform billing solutions erp integrations spend control dynamic spend limits enterprise finance computer & network security secure card issuance transaction monitoring payment automation enterprises expense reporting

Built with from their website

Wistia Amazon SES Google Tag Manager Tableau Envoy Dell EMC PowerStore Salesforce CRM Analytics HREF Lang Atlassian React Native

+8 more

PWA Correos Tailwind CSS Google Cloud Google Ads Font Awesome Siemens PROFIBUS YouTube

- **Sector:** Financial services
- **Industry code:** NAICS 54161, 522320, 541512, SIC 7375
- **Revenue:** 41M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/payhawk)

## Financial services in United Kingdom

Startups like it

- [**Atom bank** Newcastle upon Tyne · founded 2014 *Raised*](https://millionrounds.com/company/atom-bank)
- [**Rapyd Financial Network** Startup *Raised*](https://millionrounds.com/company/rapyd-financial-network)
- [**Stenn** London · founded 2015 *Raised*](https://millionrounds.com/company/stenn)
- [**Paymentology** London · founded 2015 *Raised*](https://millionrounds.com/company/paymentology)
- [**9fin** London · founded 2016 *Raised*](https://millionrounds.com/company/9fin)
- [**Elliptic** London · founded 2013 *Raised*](https://millionrounds.com/company/elliptic)
- [**Fnality** London · founded 2019 *Raised*](https://millionrounds.com/company/fnality)
- [**Nutmeg** London · founded 2012 *Raised*](https://millionrounds.com/company/nutmeg)

## Is this your company?

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