How can payhawk help your business? No more manual uploads: Payhawk easily syncs your expenses and receipts with the ERP system and accounting software of your choice, while making sure 100% of the pushed data is correct. Payhawk allows finance teams to automate all crucial spend and expense management processes and lead the digital transformation agenda of companies across Europe.What is your payhawk card? Your Payhawk card is a credit class Visa Commercial Card. Unlike prepaid cards, Visa Commercial is accepted worldwide via one of the most accessible global card networks including car rentals, accommodations, and digital advertising platforms. What are the fees? There are no hidden fees.Where is payhawk based? The company has its R&D in Sofia and a sales office in London. Unlike many startups, Payhawk.io has decided to offer the product on the local market and to support Bulgarian currency and Cyrillic interface. The target markets are, however, the UK and Germany.Who are the investors in the payhawk investment pool? The two Bulgarian financial entrepreneurs – Nedelcho Spassov and Stanimir Vassilev, co-founders of Management Financial group, are also part of the pool. “The presence of so many well-respected investors in this round speaks of the quality and potential of Payhawk.io”, Daniel Tomov, partner at Eleven Ventures commented.
Payhawk can be used for any business registered in the UK or EU and therefore allows companies to roll-out the solution across all subsidiaries across Europe. Our advanced approval workflows help managers to keep transparency and control costs – no matter where money is spent. Learn more.
Payhawk plans 2022 New York office opening. The Sofia-based company raised more than $130 million this year, arming it to take on U.S. rivals in providing business clients with payments management tools. Fresh off a big capital raise, Bulgarian fintech Payhawk is eyeing expansion outside its European base, with the U.S. squarely in its sights.