Payhawk

Payhawk

Company type	Private
Industry	Financial technology Spend management
Founded	2018 (2018)
Founders	Hristo Borisov, Konstantin Dzhengozov, Boyko Karadzhov
Headquarters	London , United Kingdom
Area served	Worldwide
Website	payhawk.com

Payhawk is a financial technology company that provides AI-native spend management software for businesses. Its platform includes corporate cards, expense management, accounts payable, procurement software, travel management and integrations with enterprise resource planning systems. The company is headquartered in London and operates in Europe and the United States. ^{[1] [2] [3]}

History

Payhawk was founded in 2018 by Hristo Borisov, Konstantin Dzhengozov and Boyko Karadzhov. The company initially focused on developing software to automate employee expenses and centralise company payments. ^{[1] [4]}

In April 2021, Payhawk raised US$20 million in a Series A funding round led by QED Investors. ^[2] In November 2021, it completed a US$112 million Series B round led by Greenoaks. ^[5] In March 2022, the company announced a US$100 million extension to the Series B round, resulting in a valuation above US$1 billion. ^{[6] [7]}

In 2024, Payhawk announced plans to expand its operations in the United States and indicated it was considering acquisitions as part of its expansion strategy. ^[8] In 2025, the company introduced artificial intelligence features designed to support finance teams with tasks such as expense categorisation and approval workflows. ^[9]

Operations

As of 2025, Payhawk operates in more than 30 countries and maintains offices in London, New York, Berlin, Munich, Barcelona, Paris, Amsterdam, Vilnius and Sofia. The company issues corporate cards through partnerships with Visa, Mastercard and American Express.

Client companies reported in independent publications include Luxair, Gaucho, Discordia, Babbel, Wallbox and Girteka. ^[10]

Media coverage

Payhawk has been mentioned in several international business and technology publications, including Forbes , The Wall Street Journal , Business Insider , TechCrunch , VentureBeat and CNBC . ^{[11] [12] [13] [14]}

References

1. Burroughs, Callum (2022-02-28). "Payhawk, which makes it easier to manage expenses, has raised $100 million above a unicorn valuation". Business Insider .
2. Dillet, Romain (2021-04-19). "Payhawk raises $20M to unify corporate cards, payments and expenses". TechCrunch.
3. Times, The Fintech (2025-04-03). "Payhawk Puts Firms Back in Control: AI Office of the CFO Launched to Handle Tedious Tasks". The Fintech Times. Retrieved 2025-12-02.
4. "Йорданка Кленовска, Телелинк Бизнес Сървисис: Payhawk е важна част от нашата дигитална промяна". manager.bg (in Bulgarian). Retrieved 2025-12-04.
5. Sawers, Paul (2021-11-23). "Corporate spend management platform Payhawk raises $112M". VentureBeat.
6. Dillet, Romain (2022-03-01). "Payhawk becomes a unicorn as it extends its Series B". TechCrunch.
7. trans.info. "Girteka drivers simplify expenses with Payhawk". trans.info. Retrieved 2025-12-02.
8. Browne, Ryan (2024-06-06). "Payhawk, a $1 billion corporate card startup, plans M&A shopping spree after 86% sales growth". CNBC.
9. Mouka, Marina (2025-04-02). "Inside Payhawk's "AI Office of the CFO" launch". The CFO.
10. "Girteka drivers simplify expenses with Payhawk". trans.info.
11. Love, Katherine (2024-08-01). "World Of Forbes: Stories Of Entrepreneurial Capitalism Across Our 43 International Editions". Forbes.
12. Pringle, Eleanor (2024-11-18). "Employers are cracking down on company credit cards by blocking late-night spending and banning expensive lunch spots". Fortune.
13. Borchers, Callum (2024-10-31). "The Little Sins We Commit at Work—and the Bosses Who Are Cracking Down". The Wall Street Journal.
14. "De Bulgaarse techsector bloeit, met dank aan de Sovjet-Unie". FD.nl (in Dutch).