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Payhawk Raises $112 Million In The Second Largest Series B In Central And Eastern Europe

Nov 23, 2021

Amount Raised

$112 Million

Round Type

Series B

LondonCommerce and ShoppingFinancial ServicesSoftware

Description

Payhawk, the payments and expense solution with offices in London, Sofia, Berlin and Barcelona, has raised $112 million just three years after its inception, valuing the company at $570m. The Series B round is led by the San Francisco-based investor Greenoaks, who has a strong track record of investing in high-growth technology companies such as Gorillas, Robinhood, Stripe and Brex. All existing investors, including QED Investors, Earlybird Digital East and Eleven Ventures are participating in the round.

Quick answer

Payhawk raised $112 Million in a Series B round, dated November 23, 2021. Payhawk is based in London, England, United Kingdom.

How much did Payhawk raise?
Payhawk raised $112 Million in a Series B round on November 23, 2021.
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.

  • Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
  • Anchorage Digital raised $350M (Series D) on December 15, 2021.
  • Beeline Holdings raised an undisclosed amount (Series A) on December 9, 2021.
  • Paerpay raised $4.2M (Seed) on December 9, 2021.
  • Kafene, Inc. raised $75M (Funding Round) on November 18, 2021.
  • Gemini raised $400M (Private Equity) on November 18, 2021.

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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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

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.