Headquartered in London, Payhawk combines firm playing cards, reimbursable bills and accounts payable right into a single product, the Bulgarian-founded firm’s buyer base consists of fast-growing and mature multinational corporations in 32 nations.
In March, Payhawk raised a further $100m to increase its Sequence B spherical to $215m, within the course of changing into the primary ever Bulgarian firm to realize unicorn standing.
The corporate has opened a waitlist within the US for scale-ups with the primary prospects going reside in October. Early adopters of the corporate’s US Visa bank card can be rewarded with a 1.5% cashback providing.
The bank card presents credit score limits as much as $250,000 USD and customisable spend insurance policies, whereas the Payhawk’s spend administration platform integrates with a number of enterprise ERP techniques for real-time reconciliation, and presents the flexibility to handle a number of worldwide entities from a single dashboard.
Hristo Borisov, co-founder and CEO, Payhawk, says: “Our purpose is to deal with offering the very best answer available on the market for international scaleups and enterprises. Naturally, these companies have a global presence, and we wish to cater for that. Right this moment, greater than 10% of our buyer base is already on a ready record for our US bank card.”,European spend administration platform Payhawk is getting into the US market off the again of a document yr of development, by which income has risen by over 520%, and worker headcount by 250%.,
