London based B2B fintech startup Payhawk has raised $112 million in Series B funding round at an estimated valuation of $570 million. The round was led by San Francisco-based Greenoaks Capital, along with participation from existing investors including Earlybird Digital East, QED Investors and Eleven Ventures. The startup had raised a $20 million Series A round led by QED Investors earlier this year.
Founded in 2018 by Boyko Karadzhov, Hristo Borisov and Konstantin Dzhengozov, Payhawk is a financial system that combines credit cards, payments, expenses, and cash into one integrated platform, enabling financial officers and business owners to manage the entire spending lifecycle end-to-end.
