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Payhawk Becomes First Ever Bulgarian Unicorn After Raising $100M In A Round Led By Lightspeed Venture Partners, Valuing The Company At $1Bn

Mar 01, 2022

Amount Raised

$100 Million

Round Type

Funding Round

LondonCommerce and ShoppingFinancial ServicesSoftware

Description

Payhawk, the payment and expense solution with offices in London, Sofia, Berlin, and Barcelona, has raised an additional $100m to extend its Series B round to $215m. The Series B extension means that the company hits a valuation of $1bn, making Payhawk the first ever Bulgarian company to achieve unicorn status. The company plans to become a catalyst for the Bulgarian startup ecosystem, and continue to attract and retain the top 1% of talent in the market.

Quick answer

Payhawk raised $100 Million in a Funding Round round, dated March 1, 2022. Payhawk is based in London, England, United Kingdom.

How much did Payhawk raise?
Payhawk raised $100 Million in a Funding Round round on March 1, 2022.
What does Payhawk do?
Payhawk is a financial platform that combines expense management, payments and invoice management in one solution and therefore works as a one-stop-shop for finance teams.
Where is Payhawk based and how big is it?
Payhawk is based in London, England, United Kingdom. Fundz records about 305 employees.
Who are the decision-makers at Payhawk?
Fundz holds 2 contacts at Payhawk, including the Co-founder & CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Commerce and Shopping and Financial Services around the same time

Companies in the same sectors as Payhawk that raised within 45 days of this round, from Fundz verified event records.

  • Powered By People raised $5M (Seed) on March 21, 2022.
  • Branch raised $75M (Funding Round) on March 9, 2022.
  • Paerpay raised $3M (Seed) on March 9, 2022.
  • Branch raised $143M on February 17, 2022.
  • Branch raised $300M (Funding Round) on February 10, 2022.
  • Duplo raised $1.3M (Pre-Seed) on February 10, 2022.

Who to call at Payhawk, and when

A new round usually means Payhawk is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Payhawk

Location

London, England, United Kingdom

About

Payhawk is a financial platform that combines expense management, payments and invoice management in one solution and therefore works as a one-stop-shop for finance teams. Its customer base consists of a mix of fast-growing and mature multinational companies like LuxAir, Lotto24, Viking Life, Gtmhub, Flink, MacPaw and By Miles. Payhawk is also leading the digital transformation agenda of companies like A.T.U in Germany, where the product has replaced cash with company cards at more than 550 branches. The fintech is headquartered in London and was founded in 2018 by Hristo Borisov, Boyko Karadzhov and Konstantin Dzhengozov and is supported by renowned investors such as Greenoaks, QED Investors, Earlybird Digital East and Eleven Ventures.

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Related People

2 contacts
Verified contactsHristo B., Co-founder & CEO hidden hiddenSee plans and pricing
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Payhawk raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.