Payhawk - About the company
Payhawk is a series B company based in Sofia (Bulgaria), founded in 2018 by Hristo Borisov, Boyko Karadzhov and Konstantin Dzhengozov. It operates as a Provider of spend management platform with AI-powered automation and control. Payhawk has raised $239M in funding from investors like Lightspeed Venture Partners, QED Investors and Earlybird, with a current valuation of $1B. The company has 611 active competitors, including 112 funded and 99 that have exited. Its top competitors include companies like Brex, Ramp and Navan.
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
Post Money Valuation
$1B as on Mar 01, 2022
Investors
Ranked
14th among 611 active competitors
Employee Count
457 as on Mar 31, 2026
Investment & Acquisitions
Legal entities associated with Payhawk
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) |
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Payhawk's funding and investors
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 17 institutional investors and 6 angel investors.
Here is the list of recent funding rounds of Payhawk:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 01, 2022 | $100M | Series B | $1B | - | ||
Nov 22, 2021 | $115M | Series B | $570M | - | ||
Apr 20, 2021 | $20M | Series A | - | - |
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Payhawk's founders and board of directors
Founder? Claim ProfileThe founders of Payhawk are Hristo Borisov, Boyko Karadzhov and Konstantin Dzhengozov. 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
- Konstantin Dzhengozov: Co-founder and CFO of Payhawk. They are also an angel investor in 1 startup.
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 |
|---|---|---|---|---|
Team | - | Current | 7y 5m | |
Team | - | Current | 6y 2m | |
Team | - | Current | 4y 3m | |
Investor | - | Current | 6y 2m | |
Investor | - | Current | 6y 2m | |
Investor | - | Past | 0y 2m | |
Independent board member | - | Current | 5y 1m |
View details of Payhawk's Founder profiles and Board Members
Payhawk's employee count trend
Payhawk has 457 employees as of Mar 26. Here is Payhawk's employee count trend over the years:
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Payhawk's Competitors and alternates
Top competitors of Payhawk include Brex, Ramp and Navan. Here is the list of Top 10 competitors of Payhawk, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Brex 2017, Draper (United States), Acquired | Provider of financial software platform, cards, banking, expense, and accounting | $1.2B | 85/100 | |
2nd |  Ramp 2019, New York City (United States), Series F | Provider of a platform for spend management, corporate cards, and payables | $3.19B | 85/100 | |
3rd |  Navan 2015, Palo Alto (United States), Public | Provider of a platform for business travel and expense management | $1.58B | 80/100 | |
4th | Provider of spend management platform with virtual and physical card options | $434M | 80/100 | ||
5th | Provider of digital accounts, prepaid cards, and payment processing services | $50M | 77/100 | ||
6th |  Fyle 2016, Newark (United States), Acquired | Provider of expense management software automating receipt tracking and reconciliation | $15.4M | 76/100 | |
7th | Provider of software for managing corporate spending and invoice processing | $304M | 76/100 | ||
8th |  Emburse 2002, San Francisco (United States), Acquired | Provider of travel, expense, payment, invoice, and automation management solutions | $7.5M | 76/100 | |
9th | Concur 1988, Bellevue (United States), Acquired | Provider of travel, expense, and invoice management solutions for businesses | - | 75/100 | |
10th |  Marqeta 2010, Oakland (United States), Public | Provider of a platform for modern card issuing and payment solutions | $528M | 75/100 | |
14th | Provider of spend management platform with AI-powered automation and control | $239M | 71/100 |
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Payhawk's Investments and acquisitions
Payhawk has a total of 1 investment in Wafeq. Payhawk has not made any acquisitions as of now.Reports related to Payhawk
Here is the latest report on Payhawk's sector:
News related to Payhawk
Filter this listMedia has covered Payhawk for a total of 12 events in the last 1 year, 7 of them have been about company updates and 1 about partnerships.
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Payhawk Launches Summer '26 Edition with Enhanced Enterprise-Grade Controls and IntegrationsGlobeNewswire•Jun 11, 2026•Payhawk
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Payhawk's AI Agents Automate Invoice Collection, Saving Customers TimeGlobeNewswire•Mar 02, 2026•Payhawk
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Payhawk Could See Valuation Soar to $2B with New FundingPYMNTS.com•Jan 08, 2026•Invopop, Payhawk, Sprints, Greenoaks and 4 others
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Payhawk Launches Link & Control for Spend Management on Existing Bank CardsGlobeNewswire•Oct 22, 2025•Payhawk
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Nexos.ai Raises €30M in Series A to Help Companies Safely Implement Generative AIStartup Log•Oct 22, 2025•Nexos.ai, Creandum, Index Ventures, Dig Ventures and 5 others
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Payhawk Puts Firms Back in Control: AI Office of the CFO Launched to Handle Tedious TasksThe Fintech Times•Apr 03, 2025•Payhawk
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Payhawk unveils 'AI Office of the CFO' - Bringing enterprise-ready AI to finance operationsPR Newswire•Apr 02, 2025•Payhawk
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