Payhawk

Sofia, Bulgaria Founded: 2018 • Age: 8 yrs
Cloud-based expense management is offered for corporate travelers.
Annual revenue - Latest available
Total funding $239.2M 5 rounds
Employees - Tracked headcount
Investors 19 Known backers
Products - Services tracked
Competitors 10 Brand Intelligence

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 & Hospitality
    Technology Financial Services
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Payhawk Limited
Operational Areas
Travel & Hospitality → Hospitality & Travel Technology Unlock Sub-Sector Unlock Segment
Technology → Enterprise Software & Productivity Solutions Unlock Sub-Sector Unlock Segment
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • 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
    Not available
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People of Payhawk

Headcount 50-200
Employee Profiles 69
Board Members and Advisors 4
Employee Profiles
People
Hristo Borisov
Co-Founder & CEO
People
Guy Sear
Commercial Director UK
People
Vasil Dinev
Director Of Engineering
People
Ivan Kovalyov
VP, Product

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Board Members and Advisors
people
Roland Manger
Director
people
Mehmed Atici
Director
people
Patrick Backhouse
Director
people
Yusuf Ozdalga
Director

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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.

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.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
Locked Locked Locked
Endeavor is focused on supporting high-impact entrepreneurs globally.
Locked Locked Locked
Venture capital fund investing in early-stage start-ups
Locked Locked Locked
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Investor details for Payhawk

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
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  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Payhawk

Investments
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Investment portfolio details for Payhawk

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  • Transaction dates
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Financial Statements - Payhawk

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Detailed financials for Payhawk

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  • Profit trends
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Payhawk Comparisons

Payhawk Primary company
Description
Cloud-based expense management is offered for corporate trav...
Location
Sofia, Bulgaria
Founded Year
2018
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
Premium access

Peer comparison for Payhawk

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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 year HQ Location Description
Locked Locked Locked
Spend management and accounts payable solutions are delivered to businesses.
Locked Locked Locked
SaaS-driven credit card and spend management solutions platform for businesses
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Corporate travel and expense management are facilitated through SaaS platform.
Locked Locked Locked
Employee benefit administration and payment solutions are provided for enterprises.
Locked Locked Locked
Provider of prepaid cards for financial benefits of employees
Locked Locked Locked
Corporate travel expenses and invoices are managed via SaaS platform.
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Detailed competitors of Payhawk

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  • Full company profiles
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  • Competitive positioning

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Latest news on Payhawk

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Complete news archive for Payhawk

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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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.

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's top competitors include Navan, Ramp and Brex.

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.

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