Breaking News
Payhawk Becomes First Ever Bulgarian Unicorn After Raising $100M
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.
Lightspeed Venture Partners — a leading global venture capital firm with over $10.5bn under management and prior investments in companies like Affirm, Grafana, Faire, FTX, Personio, Snap, and others — leads the funding extension, with Sprints Capital, Endeavor Catalyst, HubSpot Ventures and Jigsaw VC also joining the round.
The additional funding comes only three months after Payhawk announced the initial tranche of Series B funding in November 2021 of $115m, and less than a year after its $20m Series A round in April 2021. With the extra funds, Payhawk now has the financial clout required to aggressively expand its presence in the mid-size enterprise market and continue its ambitious global expansion plans.
Currently, finance teams still do a significant amount of manual work due to multiple disconnected tools for cards, payments, invoices, and expense management. Payhawk reduces this by combining those key elements in a single platform. The company also provides an industry-first 3% cashback on card payments up to the full subscription amount, enabling customers to drive their subscription costs to zero, while benefiting from enterprise-grade software.
Payhawk emerges as the leading platform for large SMEs and enterprise customers, especially those with a multinational footprint. The company serves businesses in 30 countries across a variety of industries, currencies and payment methods.
The fresh capital will be used to further grow Payhawk’s product team by adding 60 additional senior software engineers in Sofia from the top 1% of the market. This is with the aim of meeting growing customer demand for new features like mileage tracking and per diem, in light of the incremental return of business travel.e. Other existing features for enterprise customers will be extended too, including Oracle Netsuite integration, Subscription Management and Budgets.
Building on the momentum from the first influx of Series B capital, Payhawk is set to open offices in Amsterdam and Paris in March, and in New York in September. The company’s headcount is also set to triple from 100 to more than 300 by the end of this year, with the extra funds set to fuel a renewed sales and marketing push for further market expansion.
Companies In This Post
- New Partnership Introduces First-of-its-Kind Model To Democratise Olympic Sailing Read more
- Bluefin and Basis Theory Partner to Enable Unified Tokenization Across Digital and In-Person Payments Read more
- Invest Bank and AUTON8 Build Partnership to Drive Digital Resilience and Banking Agility Read more
- ING’s AI Roadmap: Platform, People, and Agentic AI Read more
- UK-fintech Provided Over £17.5m in Emergency Wage Advances to More Than 55,000 Employees in the Last Year Read more
DailyPay Upsizes Secured Credit Facility to $960 Million
DailyPay announced the closing of a $200 million upsizing of its secured credit facility, increasing total committed capacity to $960 million
Neobank Rizon Raises $2M Pre-seed Round as Global Demand for Dollar Banking Services Rises
Delaware-based neobank Rizon has raised a $2M pre-seed round as more people rely on global USD accounts for earnings, payments, and everyday spending. The investment comes from Market One Capital, a Polish venture capital firm focused on early-stage startups. The funding will be used to scale Rizon’s user base worldwide.
Day Air Credit Union Announces Strategic Partnership with InvestiFi to Streamline Digital Investing
Day Air Credit Union has partnered with InvestiFi, the provider of the leading InvestTech platform that enables Credit Union members to trade from deposit accounts. The platform will deliver guided digital investing solutions to the credit union's 54,000 members.
Brickflow Delivers Over £29m of Funding for in Record Two-week Period
Brickflow has recorded its strongest two-week performance to date in January, with £29.22m of completed lending supporting 157 residential and mixed-use units across the UK, underlining the platform’s growing role in delivering funding for housing and property projects.
Uptiq Raises $25 Million Series B to Scale Industry-Ready AI Solutions and Launch Qore for Builders
Uptiq, the AI platform purpose-built for financial services, today announced it has raised $25 million in Series B funding from a group of leading strategic and financial investors across banking, fintech, and enterprise software. The round was led by Curql, with participation from Silverton Partners, 645 Ventures, Broadridge, Green Visor Capital, Live Oak Ventures, First Capital, Epic Ventures, Tau Ventures, and Evolution VC.
Bracket Secures $7m to Scale Treasury Intelligence Platform
Bracket, a leading FX, treasury and cash management platform for mid-market businesses, has raised $7 million in Seed funding. The round was led by Macquarie Group’s Commodities and Global Markets business and Blackfinch Ventures, with participation from existing investor Failup Ventures.
Tembo Raises £16m to Help More First-Time Buyers Get Onto the Property Ladder
Tembo, the award-winning digital savings and mortgage platform, has raised £16 million in growth investment to help tackle the homeownership affordability crisis
New Partnership Introduces First-of-its-Kind Model To Democratise Olympic Sailing
Sporta, the new financial home for UK sport, today announced a pioneering partnership with Performance Sailcraft and Magic
Bluefin and Basis Theory Partner to Enable Unified Tokenization Across Digital and In-Person Payments
Bluefin, the global leader in payment and data security infrastructure and PCI-validated point-to-point encryption (P2PE), today announced a strategic partnership with Basis Theory, a modern, API-driven tokenization and vaulting platform. Together, the companies enable enterprises to implement a unified token strategy across in-store, call center, online, and backend payment environments without expanding PCI scope or introducing new integration complexity.
Invest Bank and AUTON8 Build Partnership to Drive Digital Resilience and Banking Agility
Invest Bank today announced the successful outcomes of its strategic partnership with AUTON8, a global leader in intelligent automation. The collaboration marks a milestone in strengthening regulatory resilience, operational efficiency, and customer-centric agility across both core and digital banking landscapes.
ING’s AI Roadmap: Platform, People, and Agentic AI
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
UK-fintech Provided Over £17.5m in Emergency Wage Advances to More Than 55,000 Employees in the Last Year
PayCaptain, the world’s first B Corp-certified payroll solution, reports a landmark year of growth, with a 73% increase in new customers for 2025 and an average of 70% YoY revenue growth in the last two years. As the cost-of-living crisis deepens, PayCaptain has provided financial agility for 55,000 employees across 260 forward-thinking brands including TGI Fridays, Dishoom, Roadchef, NEOM, Charlie Bigham’s and Monica Vinader dedicated to combining efficient payroll with tools to support the financial health of staff.
TreviPay Announces AI-Powered Growth Center to Help Enterprises Predict Buyer Behavior and Drive B2B Sales
TreviPay, a fully managed B2B payments platform, today announced the availability of the Growth Center, a set of capabilities within the TreviPay Client Portal to help identify buyer growth opportunities more strategically and build stronger, longer-lasting supplier relationships. With its advanced features, the new Growth Center enables businesses to explore buyer needs, spot trends and optimize key steps in the order-to-cash (O2C) process. Integrated into TreviPay’s global payments network, the customizable add-ons will help businesses use their O2C programs to deepen buyer relationships and drive lasting engagement.
AYU Alternative Investment Network Launches Direct Capital Matching Service
AYU, the global private members' community for family offices and alternative investment funds, is launching AYU Capital, a matching service connecting funds and founders with verified family office investors.