Payhawk is a software that assists growing businesses by simplifying card spending, payments, and expenses. Payhawk’s platform offers a solution for businesses and financial officers to enable them to manage the spending lifecycle by collecting and analyzing card transactions, invoices, and receipts.
The funding round was led by Lightspeed Venture Partners. Other investors included Sprints Capital, Endeavor Catalyst, HubSpot Ventures, and Jigsaw VC as well as all the existing investors. This round led Payhawk to the unicorn club.
Payhawk, headquartered in London, was founded by Boyko Karadzhov, Hristo Borisov, Konstantin Dzhengozov in 2018. Originally from Bulgaria, the company has offices in Sofia, Berlin, Barcelona, and London. “Becoming the first unicorn in Bulgaria is a huge testament to the hard work and resilience of our team over the last three and a half years. We are just at the beginning of our journey, and we cannot wait to continue reinventing how businesses manage their payments,” founder and CEO Hristo Borisov. Now, Payhawk plans to expand globally. The company’s mission is to replace multiple payment B2B services with a single platform integrating pre-accounting, payments, expenses, cards, and cash management.