- Payhawk is a business spend management platform that enables enterprises to issue business cards, set spending limits, and automate expense management, positioning itself strongly in the FinTech market since its founding in 2018.
- In January 2026, Payhawk raised $100 million in a later-stage venture capital round led by Greenoaks Capital Partners and Lightspeed Venture Partners, aimed at expanding its European presence and enhancing product development.
- The company has reported significant growth, with 89.4% annual increase in SaaS revenues in 2023 and notable partnerships that bolster its service offerings, including the introduction of AI agents for invoice collection.
- Payhawk's ideal buyers are small to medium-sized enterprises looking to streamline expense management and reduce administrative burdens, making it a timely solution for businesses aiming to enhance operational efficiency.
Sales and Support is Payhawk’s largest function with close to 80 employees, underscoring a strong commitment to customer acquisition and service. Marketing and Product together account for around 45 employees, reflecting the firm’s focus on brand visibility and product development. Engineering makes up the third-largest cohort at just under 40 people, providing the technical backbone for the platform. Smaller but essential groups such as Finance & Administration, Human Resources, Business Management, Operations, Legal, and Risk & Compliance round out the organisation, each numbering between 3 and 17 employees and ensuring that core business functions are well covered.
Payhawk was founded in Sofia, and the Bulgarian capital remains its primary talent centre with nearly 100 employees. London is the largest foreign office at just over two dozen team members, followed by Barcelona, Berlin, Paris, and Amsterdam, each hosting double-digit headcounts. The company also maintains a growing North American presence with staff in New York, Encinitas, and Miami, while more than forty employees work remotely from other locations worldwide. This geographic spread illustrates Payhawk’s strategy of combining a strong Eastern European engineering base with commercial teams situated close to major financial markets.
