When was Payhawk founded?

Payhawk was founded in 2018 and became a unicorn in 2022, reaching the milestone in 4 years. It raised its 1st funding round 1 year after its incorporation.

Where is Payhawk located?

Payhawk is headquartered in Sofia, Bulgaria. It is registered at 100 Bishopsgate, London, United Kingdom, EC2M 1GT.

Who is the current CEO of Payhawk?

Hristo Borisov of Payhawk. They have also founded 1 company and are angel investors in 8 startups, including .

Which legal entities is Payhawk associated with?

Payhawk is associated with PAYHAWK LIMITED.

How many employees does Payhawk have?

As of Sep 30, 2026, the latest employee count at Payhawk is 475.

Is Payhawk a funded company?

Payhawk is a funded company, having raised a total of $239M across 5 funding rounds to date. The company's 1st funding round was a $566K Seed round, raised on Feb 20, 2019.

How much is Payhawk worth?

The latest valuation of Payhawk is $1B as of Mar 01, 2022.

When was the latest funding round of Payhawk?

Payhawk's latest funding was a $100M Series B round on Mar 01, 2022, with participation from 8 investors.

Is Payhawk a Payments company?

The primary sectors of Payhawk are Payments, Finance & Accounting Tech and Online Travel.

Where does Payhawk rank among its competitors?

Payhawk ranks 13th amongst 741 active competitors, of which 114 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Ramp, which secured $782M in Jun, 2026.

Who are the top competitors of Payhawk?

Payhawk's top competitors include Ramp, Navan and Pleo. Among them, Ramp secured the most recent funding round in June, 2026.

Payhawk - 2026 Company Profile, Team, Funding, Competitors & Financials

Sectors and market segments that Payhawk operate in

Payhawk serves in the FinTech, Travel and Hospitality Tech market segments.The primary business model of Payhawk are:

Company Details

Provider of spend management platform with AI-powered automation and control. The platform offers tools for managing corporate cards, business accounts, payments, and expenses. It facilitates accounts payable automation, business travel management, and multi-entity management. The platform provides integrations and an API for connecting with other finance tools.

Website: payhawk.com/en-us
Social
Email ID: *****@payhawk.io
Phone Number: +44 **********
Registered Address: 100 Bishopsgate, London, United Kingdom, EC2M 1GT

Key Metrics

Founded Year

2018

Location

Sofia, Bulgaria

Stage

Series B

Total Funding

$239M in 5 rounds

Latest Funding Round

Series B, Mar 01, 2022, $100M

Post Money Valuation

$1B as on Mar 01, 2022

Investors

Lightspeed Venture Partners & 23 more

Ranked

13^th among 741 active competitors

Employee Count

475 as on Sep 30, 2026

Investment & Acquisitions

Wafeq

Similar Companies

Ramp & 877 more

View Payhawk's full profile

Payhawk is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PAYHAWK LIMITED CIN: 11747263 , United Kingdom, Active	Jan 01, 2019	-	4 (As on Dec 31, 2020)

Payhawk has raised a total funding of $239M over 5 rounds. Its first funding round was on Feb 20, 2019. Its latest funding round was a Series B round on Mar 01, 2022 for $100M. 8 investors participated in its latest round. Payhawk has 18 institutional investors and 6 angel investors.

Here is the list of recent funding rounds of Payhawk:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 01, 2022	$100M	Series B	$1B	-	Lightspeed Venture Partners	Endeavor, HubSpot, Jigsaw, QED Investors, Earlybird, Greenoaks, Sprints
Nov 22, 2021	$115M	Series B	$570M	-	Greenoaks	Earlybird, QED Investors, Eleven Ventures
Apr 20, 2021	$20M	Series A	-	-	QED Investors	Earlybird, Klarna, Nubank, Vassil Terziev, Mehmet Atici

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View details of Payhawk's funding rounds and investors

The founders of Payhawk are Hristo Borisov and Boyko Karadzhov. Hristo Borisov is the CEO of Payhawk.

Here are the details of Payhawk's key team members:

Hristo Borisov: Co-Founder & CEO of Payhawk and founder of 1 other company. They are also an angel investor in 8 startups and serve on the board of 1 company.
Contact Info: 2 email addresses
Boyko Karadzhov: Co-Founder of Payhawk and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 2 email addresses

Payhawk's Board of Directors

Payhawk's board has 6 active members. Hristo Borisov, Boyko Karadzhov, Mehmet Atici, Vassil Terziev and Arsham Memarzadeh are part of team and Yusuf Zdalga is independent board member.

Here is the list of Payhawk's board of directors:

Name	Type	Representing	Status	Duration
Hristo Borisov	Team	-	Current	7y 8m
Boyko Karadzhov	Team	-	Current	6y 5m
Arsham Memarzadeh	Team	-	Current	4y 6m
Mehmet Atici	Investor	-	Current	6y 6m
Vassil Terziev	Investor	-	Current	6y 6m
Mark Antipof	Investor	-	Past	0y 2m
Yusuf Zdalga	Independent board member	-	Current	5y 4m

View details of Payhawk's Founder profiles and Board Members

Payhawk's employee count trend

Payhawk has 475 employees as of Sep 26. Here is Payhawk's employee count trend over the years:

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Top competitors of Payhawk include Ramp, Navan and Pleo. Here is the list of Top 10 competitors of Payhawk, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ramp 2019, New York City (United States), Series F	Provider of a platform for spend management, corporate cards, and payables	$3.22B	Founders Fund, Coatue & 72 others	84/100
2nd	Navan 2015, Palo Alto (United States), Public	Provider of a platform for business travel and expense management	$1.58B	Andreessen Horowitz, Greenoaks & 22 others	80/100
3rd	Pleo 2015, Copenhagen (Denmark), Series C	Provider of spend management platform with virtual and physical card options	$434M	Kinnevik, Thrive Capital & 15 others	80/100
4th	Brex 2017, San Francisco (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	DST Global, Greenoaks & 70 others	79/100
5th	Spendesk 2016, Paris (France), Series C	Provider of software for managing corporate spending and invoice processing	$304M	Index Ventures, General Atlantic & 22 others	77/100
6th	Emburse 2002, San Francisco (United States), Acquired	Provider of software for managing corporate travel and expense reporting	$7.5M	Salesforce Ventures, Sherpalo Ventures & 27 others	76/100
7th	NG.CASH 2021, Rio de Janeiro (Brazil), Series B	Provider of digital accounts, prepaid cards, and payment processing services	$50M	Monashees, New Enterprise Associates & 11 others	76/100
8th	Marqeta 2010, Oakland (United States), Public	Provider of a platform for modern card issuing and payment solutions	$528M	Coatue, Greylock Partners & 64 others	75/100
9th	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	Redpoint Ventures, RRE Ventures & 8 others	75/100
10th	Modern Treasury 2018, San Francisco (United States), Series C	Provider of APIs to automate and manage money movement and ledgering	$183M	Altimeter Capital, Salesforce Ventures & 16 others	75/100
13th	Payhawk 2018, Sofia (Bulgaria), Series B	Provider of spend management platform with AI-powered automation and control	$239M	Earlybird, QED Investors & 22 others	68/100