Payhawk

Payhawk is a global spend management solution designed to assist scaling businesses in managing their corporate finances. Headquartered in London, United Kingdom, the company provides a unified platform that integrates company cards, reimbursable expenses, and accounts payable into a single, streamlined product. This innovative approach empowers finance teams to effectively control and automate company spending on a large scale. Payhawk's platform is engineered to replace a multitude of disconnected tools traditionally used for managing company expenditures. By offering a holistic system, it addresses key challenges such as expense management, invoice processing, purchase orders, and payments across numerous countries. The company serves a diverse client base, ranging from fast-growing startups to mature multinational corporations in over 32 countries, including notable names like LuxAir, Gtmhub, and Wagestream. The platform's architecture is built for the modern, global business, offering features like market-leading native integrations with various enterprise ERP systems for real-time reconciliation, and robust spending policy features that enable finance leaders to implement governance and control at scale.

Founded in 2018 by Hristo Borisov, Boyko Karadzhov, and Konstantin Dzhengozov, Payhawk emerged with the vision to revolutionize business spending. The company's journey began in Sofia, Bulgaria, and it has since expanded its presence with offices in major international hubs including New York, London, Berlin, Barcelona, Paris, Amsterdam, and Vilnius. This global footprint allows Payhawk to support multinational companies with a localized approach. The company's technology is a key differentiator, leveraging artificial intelligence to automate manual tasks, such as receipt data extraction in over 60 languages, thereby increasing efficiency and reducing the administrative burden on finance teams. Payhawk is backed by prominent investors like Lightspeed Venture Partners, Greenoaks, QED Investors, Earlybird Digital East, and Eleven Ventures, which has fueled its rapid growth and product development. The company is committed to building a human-centric fintech solution, emphasizing values like ownership, feedback, and transparency. This philosophy extends to their team, fostering a culture of innovation and collaboration to continuously enhance their product and meet the evolving needs of modern finance departments worldwide.