About Payhawk
Payhawk is a company based in Sofia (Bulgaria) founded in 2018 by Hristo Borisov, Boyko Karadzhov, and Konstantin Dzhengozov. Payhawk has raised $239.17 million across 5 funding rounds from investors including HubSpot, Nubank and Klarna. Payhawk operates in a competitive market with competitors including Ramp, Brex, Navan, Wright Express and Spendesk, among others.
- Headquarter Sofia, Bulgaria
- Founders Hristo Borisov, Boyko Karadzhov, Konstantin Dzhengozov
- Stage Unicorn
- SectorsTravel & HospitalityTechnology Financial Services
- Website category Finance · Financial Planning and Management
- Email••••••••
- Phone•••• ••••
- Website payhawk.com/en-us
- Social LinkedIn X Facebook YouTube
- Legal Name Payhawk Limited
- Total Equity Funding$239.17M (USD)
in 5 rounds
- Latest Funding Round$100M (USD), Series B
Mar 2022
- InvestorsHubSpot
& 18 more
Apps and channels of Payhawk
Payhawk publishes 2 mobile apps with over 50K+ downloads; its YouTube channel Payhawk has 351 subscribers and 30 videos.
Videos from Payhawk
The most watched videos on Payhawk's YouTube channel, Payhawk (351 subscribers). Click a video to play it here.
More on Payhawk.
Funding Insights of Payhawk
Payhawk has successfully raised a total of $239.17M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $100 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $239.17M
- Total Rounds 5
- Last Round Series B — $100M
- First Round $565,718
(Feb 2019)
- Investors Count 19
All 5 funding rounds of Payhawk with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $100M | Series B | $1B | Lightspeed Venture Partners | |
| Nov 2021 | $115M | Series B | $570M | Greenoaks | |
| Apr 2021 | $20M | Series A | – | QED Investors | |
| Mar 2020 | $3.6M | Seed | – | Earlybird | |
| Feb 2019 | $565,718 | Seed | – | Eleven |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2022 | $1B | •••••••• |
| Nov 2021 | $570M | •••••••• |
Last known valuation $1B (Mar 2022). 19 investors in total: 13 institutional and 6 angel.
Investors in Payhawk
Payhawk has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include HubSpot, Nubank and Klarna.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Endeavor is focused on supporting high-impact entrepreneurs globally. | – | endeavor.org | New York, United States | |
Venture capital fund investing in early-stage start-ups | – | qedinvestors.com | Alexandria, United States | |
Earlybird is recognized as a venture capital investor focused on early-stage tech companies. | – | earlybird.com | Berlin, Germany | |
Tech-enabled businesses are funded by Greenoaks venture capital firm. | – | greenoaks.com | San Francisco, United States | |
Venture capital is provided to technology-enabled companies by Sprints. | – | sprints.com | London, United Kingdom | |
- | – | 11.vc | - | |
Provider of AI-powered customer relationship management software | 2005 | hubspot.com | Cambridge, United States | |
Venture capital investments are facilitated from London, United Kingdom. | – | jigsaw.vc | London, United Kingdom | |
- | – | 11.me | - |
Investor details for Payhawk
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Payhawk
73 people are tracked at Payhawk (24 in leadership, 4 in board & advisors, 45 in team).
| Name | Role | Group |
|---|---|---|
Hristo Borisov | Co-Founder & CEO | Leadership |
Boyko Karadzhov | Co-Founder | Leadership |
Konstantin Dzhengozov | Co-Founder & CFO | Leadership |
Guy Sear | Commercial Director UK | Leadership |
Vasil Dinev | Director Of Engineering | Leadership |
Ivan Kovalyov | VP, Product | Leadership |
Dan Osburn | Chief Payments Officer | Leadership |
Ivan Linev | Legal Director | Leadership |
David Ward | Senior Vice President, Customer Success | Leadership |
Gabriela Belnikolovska | Chief Of Staff To The CEO | Leadership |
Yana Panayotova | VP Of People | Leadership |
Elena Keranova | Director Of Engineering | Leadership |
Petya Mancheva | Director Financial Reporting | Leadership |
Kaloyan Petrov | Director Of Product Design | Leadership |
Valentin Gerbi | Country Director France | Leadership |
Elitsa Tsambova | Senior People Experience Partner | Leadership |
Nayden R. Raychinov | Legal Director | Leadership |
Daniel Todinov | Financial Planning And Analysis Director | Leadership |
Pedro B. | Ceo, UK & VP Payments And Operations | Leadership |
Vasil Trifonov | Director Of Engineering | Leadership |
53 more people are available in the full profile.
Complete people profiles for Payhawk
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Payhawk
5 dated milestones of Payhawk across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Payhawk is founded.
- Funding First funding round of $566K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $100.0M.
- Milestone Reaches Unicorn status.
Competitors of Payhawk
Payhawk operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ramp, Brex, Navan, Wright Express and Spendesk, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ramp.com | 2019 | New York, United States | $2.13B | – | Spend management and accounts payable solutions are delivered to businesses. | |
| brex.com | 2017 | Draper, United States | $1.16B | – | SaaS-driven credit card and spend management solutions platform for businesses | |
| navan.com | 2015 | Palo Alto, United States | $1.58B | 847 | Corporate travel and expense management are facilitated through SaaS platform. | |
| wexinc.com | 1983 | Portland, United States | – | 6,123 | Employee benefit administration and payment solutions are provided for enterprises. | |
| spendesk.com | 2016 | Paris, France | $303.82M | – | Provider of prepaid cards for financial benefits of employees | |
| concur.com | 1988 | Bellevue, United States | – | – | Corporate travel expenses and invoices are managed via SaaS platform. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. | |
| pleo.io | 2015 | Copenhagen, Denmark | $434.02M | 149 | SaaS expense management solutions for business travel are provided. | |
| claralabs.com | 2014 | San Francisco, United States | $11.75M | 21 | Meetings are scheduled using AI by adding Clara to emails. |
Detailed competitors of Payhawk
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Payhawk
The website of Payhawk (payhawk.com) receives about 293.9K visits a month and ranks #113,977 among all websites worldwide, #1,635 in Financial Planning and Management.
- Monthly visits293.9K
▲ 36.7% vs previous month
- Unique visitors71.3K
per month
- Global rank#113,977
among all websites
- Category rank#1,635
Finance · Financial Planning and Management
- Bounce rate34%
- Pages per visit11.9
- Average visit6 min 36 sec
- DevicesDesktop 73% · Mobile 27%
Websites whose visitors overlap most with Payhawk. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| paywithextend.com | 100% | 106.1K | #218,179 | View details | |
| soldo.com | 98% | 163.8K | #300,149 | View details | |
| capitalontap.com | 97% | 574.4K | #81,657 | View details | |
| tipalti.com | 97% | 1.1M | – | View details | |
qeld.com | qeld.com | 96% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Payhawk
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Payhawk
Complete news archive for Payhawk
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Payhawk
10 companies that operate in the same segment as Payhawk (Online Travel), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online bookings for flights, hotels, and travel packages are facilitated. | 2000 | Gurugram, Haryana, India | USD 39 M | USD 1.04 B | 5,120 | |
Online platform providing multiple travel booking services | 2007 | Gurugram, Haryana, India | USD 96.62 M | USD 130.88 M | 465 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Multiple travel services are booked via an app-based platform. | 1999 | Miami, Florida, United States | USD 331.37 M | – | 4,543 | |
Multiple travel services are booked via an app-based platform. | 2012 | Jakarta, Jakarta, Indonesia | USD 1.02 B | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Bus tickets are booked online via portal and mobile app. | 2006 | Bengaluru, Karnataka, India | USD 10 M | – | – | |
Outdoor tours and activities are booked via an app-based platform. | 2009 | Berlin, Berlin, Germany | USD 877.51 M | – | – |
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Frequently Asked Questions about Payhawk
Payhawk was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Payhawk is headquartered in Sofia, Bulgaria.
Hristo Borisov is the current CEO of Payhawk. They have also founded this company.
Payhawk is a funded company, having raised a total of $239.17M across 5 funding rounds to date. The company's 1st funding round was a Seed of $565.72K, raised on Feb 2019.
Payhawk was founded in 2018 in Sofia, Bulgaria, focusing on the fintech sector. Cloud-based solutions are provided for expense management among corporate travelers, with operations centered on real-time expense collection and receipt processing. Automated data extraction from invoices, categorization, budget tracking, reconciliation, and accounting integrations are included. The platform is accessible via Android and iOS applications.
Payhawk has 19 investors. Key investors include HubSpot, Nubank, Klarna, Lightspeed Venture Partners, and Tiny VC.
The valuation of Payhawk is $1B as of Mar 2022.
Payhawk operates through Payhawk Limited.
Yes. Payhawk publishes Payhawk and 1 more app, with over 50,000 downloads.
The website of Payhawk receives about 294 thousand visits a month and ranks #113,977 among all websites worldwide.