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
-
Sectors
Travel & HospitalityTechnology Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Payhawk Limited
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$239.17 M (USD)
in 5 rounds
-
Latest Funding Round
$100 M (USD), Series B
Mar 01, 2022
-
Investors
HubSpot
& 18 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
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 Total Funding
- Total Rounds 5
- Last Round Series B — $100.0M
-
First Round
First Round
(20 Feb 2019)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series B - Payhawk | Valuation | Lightspeed Venture Partners | |
| Nov, 2021 | Amount | Series B - Payhawk | Valuation | Greenoaks | |
| Apr, 2021 | Amount | Series A - Payhawk | Valuation | QED Investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
|
Founded Year | Domain | Location | |
|
Endeavor is focused on supporting high-impact entrepreneurs globally.
|
Founded Year | Domain | Location | |
|
Venture capital fund investing in early-stage start-ups
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Payhawk
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Payhawk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Payhawk Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
|
|
| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
|
|
| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
|
|
| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
|
|
| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
|
|
| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Payhawk
Frequently Asked Questions about Payhawk
When was Payhawk founded?
Payhawk was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Payhawk located?
Payhawk is headquartered in Sofia, Bulgaria.
Who is the current CEO of Payhawk?
Hristo Borisov is the current CEO of Payhawk. They have also founded this company.
Is Payhawk a funded 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 Series A of $20M, raised on Feb 20, 2019.
What does Payhawk do?
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.
Who are Payhawk's investors?
Payhawk has 19 investors. Key investors include HubSpot, Nubank, Klarna, Lightspeed Venture Partners, and Tiny VC.
What is Payhawk's valuation?
The valuation of Payhawk is $1B as of Mar 2022.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.