Where is Payhawk headquartered?

Payhawk is headquartered in London, United Kingdom. The company has a team of 101-500 people.

What does Payhawk do?

Payhawk operates in the AI in Fintech sector. AI-native spend management platform combining corporate cards, expense management, accounts payable, and procurement into one orchestration layer for finance teams. Automates and orchestrates end-to-end company spend (cards, expenses, invoices, travel, procurement) using AI agents to eliminate manual finance busywork and deliver real-time control across multi-entity organizations.

When was Payhawk founded?

Payhawk was founded in 2018. It is based in London, United Kingdom.

Who is the CEO of Payhawk?

Hristo Borisov is the CEO of Payhawk. The company was founded in 2018.

Where is Payhawk located?

Payhawk is headquartered in London, United Kingdom.

What funding stage is Payhawk at?

Payhawk is currently at the Growth Stage stage.

How many employees does Payhawk have?

Payhawk has approximately 101-500 employees.

Payhawk

Category: AI in Fintech

AI-native spend management platform combining corporate cards, expense management, accounts payable, and procurement into one orchestration layer for finance teams. Payhawk was founded in 2018. The company is led by Hristo Borisov. Based in London, United Kingdom. Team size: 101-500. Total funding raised: $239M. Latest round: Series B. Key investors include Lightspeed Venture Partners, QED Investors, Greenoaks Capital, Earlybird Digital East, Bek Ventures, Eleven Ventures, Jigsaw VC, Sprints Capital, HubSpot Ventures, Endeavor Catalyst.

Founded: 2018
Headquarters: London, United Kingdom
Team size: 101-500
Total funding: $239M

Value proposition

Automates and orchestrates end-to-end company spend (cards, expenses, invoices, travel, procurement) using AI agents to eliminate manual finance busywork and deliver real-time control across multi-entity organizations.

Products and solutions

Corporate Visa cards, business accounts & cross-border payments, expense management, accounts payable/invoice automation, business travel management, procurement/spend approval, workflow orchestration platform, 'AI Office of the CFO' agentic automation, budgeting, multi-entity management, carbon emissions tracking, EU eInvoicing.

Unique value

Single AI-orchestrated platform replacing fragmented card, expense, AP, and procurement tools, purpose-built for complex multi-entity, multi-currency organizations.

Target customer

Mid-market and enterprise finance/CFO teams operating across multiple countries and entities in Europe and North America.

Industries served

Fintech / Spend Management / Office of the CFO

Technology advantage

AI-native rebuild of core workflows enabling autonomous agent-driven processing; surpassed $100M ARR with AI handling majority of operational workflows and claimed ~60% faster workflows via AI agents.

How they differentiate

Positions as the only AI-native, unified spend-orchestration platform (cards+AP+expenses+travel+procurement) purpose-built for complex multi-entity European/global finance teams, vs. US-centric card-first competitors like Ramp/Brex.

Main competitors

Ramp, Pleo, Spendesk, Brex, Airwallex, SAP Concur, Navan

Key partnerships

Visa (card issuance), Cross River Bank (US card issuing, FDIC member), Payhawk Financial Services UAB/Limited (EEA/UK issuing entities), integrations across major ERP/accounting/finance stacks.

Notable customers

DPD, Gymshark, Vinted, Leica, Five Guys, Babbel, Flatpay, Aikido, Apollo AI, Nscale

Major milestones

2018: founded in Sofia, Bulgaria. April 2022: became Bulgaria's first unicorn at ~$1B valuation after Series B. 2026: surpassed $100M ARR (Centaur status) after AI-native product rebuild. 2026: reportedly in talks to raise $100M+ at ~$2B valuation.

Growth metrics

Surpassed $100M ARR in 2026 (Centaur status), net new business up 159% YoY, ARR per employee up 75%, serving customers across 32+ countries.

Market positioning

Premium/enterprise-grade spend management platform for complex, multi-entity, multi-currency businesses; Bulgaria's first unicorn, reached Centaur ($100M+ ARR) status in 2026.

Geographic focus

Europe (core) and North America (expansion); competes globally against US-based Ramp/Brex and EU-based Pleo/Spendesk.

About Hristo Borisov

Ex-Product/Engineering leader at Progress Software; co-founded Payhawk in 2018 with Boyko Karadzhov and Konstantin Dzhengozov. Built Bulgaria's first unicorn.

Latest news about Payhawk

Payhawk is reportedly eyeing a 100 million USD raise at a 2 billion USD valuation to scale its agentic AI finance platform. 🦄 The company is evolving from spend management to an autonomous ecosystem w

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Official website: https://payhawk.com