Payhawk raises €99 million to expand payments

Payhawk, launched in 2018 and with presence in London, Sofia, Berlin and Barcelona, has just completed a new round, raising €99 million. This new round shifts the firm’s valuation to a remarkable €505 million. 

This Series B funding round comes ok the heels of its recent €16.5 million boost earlier this year. The all-equity round was led by US investor Greenoaks.

It holds a record as the second-largest ever Series B for a B2B firm in Central and Eastern Europe and is the most valuable and fastest Series B in the spend management sector across Europe. 

Payhawk’s key proposition is a payment and expense solution that cuts down the amount of manual processing finance teams are required to make by integrating all the necessary tools for cards, payments, invoices, and expenses into one platform. This makes it a one-stop-shop for finance teams. 

For high-growth firms looking to take their entire financial process digital, Payhawk is positioning itself as the best platform, primarily for firms with global offices.