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Payhawk Raises $20M From Qed Investors

Apr 20, 2021•about 4 years ago

Amount Raised

$20 Million

London

Description

Payhawk, the platform for payments and expense management, has raised $20 million. The round is led by the US-based fund QED Investors, which has a strong track record of investing in more than 15 fintech unicorns among Klarna and NuBank. Existing investor Earlybird Digital East, who led the $3.6 million seed round in March 2020, is also contributing fresh capital.

Company Information

Company

Payhawk

Location

London, Ontario, Canada

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech