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 an extra $100m to increase its Sequence B spherical to $215m, within the course of changing into the primary ever Bulgarian firm to attain unicorn standing.
The corporate has opened a waitlist within the US for scale-ups with the primary clients going reside in October. Early adopters of the corporate’s US Visa bank card might be rewarded with a 1.5% cashback providing.
The bank card gives 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 methods for real-time reconciliation, and gives the power to handle a number of worldwide entities from a single dashboard.
Hristo Borisov, co-founder and CEO, Payhawk, says: “Our purpose is to concentrate on offering the perfect answer available on the market for world scaleups and enterprises. Naturally, these companies have a global presence, and we need to cater for that. Immediately, greater than 10% of our buyer base is already on a ready checklist for our US bank card.”,