# Payhawk

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/payhawk

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.payhawk.com
- Total disclosed funding: $235M
- Latest round: Series B (Feb 28, 2022)
- Investors on record: 10

## About

Based in London, UK, and founded in 2018, Payhawk Limited operates as a fintech company. The company was founded by Boyko Karadzhov, Hristo Borisov (CEO), and Konstantin Dzhengozov. In April 2021, Payhawk Limited raised USD 20 million in series A funding led by new investor QED Investors. In November 2021, Payhawk Limited raised USD 112 million in series B funding led by new investor Greenoaks Capital, with participation from other returning investors. As of December 2021, the company has raised a total of USD 136.07 million in funding.

The company provides paperless corporate cards, enabling enterprises to monitor and manage spending lifecycle. The company also provides an online platform that displays real-time tracking of card transactions and automates the generation of receipts and invoices. Its platform offers expense management, bill payments, reimbursements, and accounting automation.

The company generates revenue through its cards subscription packages which include premium cards (EUR 149/month), all-in-one spend (EUR 299/month), and enterprise suite.

Payhawk Limited plans to use the series B funding received in November 2021 to accelerate its product roadmap with the launch of a credit card in Q1 2022 and low-cost cross-border transfers as an alternative to SWIFT payments.

## Funding rounds

- Series B, Feb 28, 2022, $101M — Lightspeed Venture Partners, Greenoaks Capital, QED Investors, Endeavor Catalyst, Sprints, HubSpot Ventures, Repeat VC, Bek Ventures
- Series B, Nov 23, 2021, $112M — Greenoaks Capital, QED Investors, Eleven Ventures, Bek Ventures
- Series A, Apr 23, 2021, $19M — QED Investors, Bek Ventures
- Seed, Mar 19, 2020, $3.4M — Eleven Ventures, Tiny Super Computer Investment Company, Bek Ventures

## Investors

- Eleven Ventures — Seed, Series B
- Tiny Super Computer Investment Company (https://capitalatlas.ai/funds/tiny-super-computer-investment-company) — Seed
- Bek Ventures (https://capitalatlas.ai/funds/bek-ventures) — Seed, Series A, Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series A, Series B
- Greenoaks Capital (https://capitalatlas.ai/funds/greenoaks-capital) — Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- Sprints (https://capitalatlas.ai/funds/sprints) — Series B
- HubSpot Ventures (https://capitalatlas.ai/funds/hubspot-ventures) — Series B
- Repeat VC (https://capitalatlas.ai/funds/repeat-vc) — Series B