Payhawk Becomes First Ever Bulgarian Unicorn After Raising $100M In A Round Led By Lightspeed Venture Partners, Valuing The Company At $1Bn
Payhawk Becomes First Ever Bulgarian Unicorn After Raising $100M In A Round Led By Lightspeed Venture Partners, Valuing The Company At $1Bn
03/01/22, 7:00 AM
Location
londonMoney raised
$100 million
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.
Company Info
Location
london, ontario, canada
Additional Info
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.