Company: Payhawk
CEO: Hristo Borisov
Website: https://payhawk.com/
About Payhawk
Payhawk in a 3-point nutshell:
1. Built for scale: Payhawk launched in 2018 to fix messy, manual spend processes — now powering finance teams in 32+ countries with real-time control, ERP integrations, and automation.
2. The AI Office of the CFO: Our newest AI suite delivers 227% faster data extraction, processes expenses in just 3.58 seconds, and auto-extracts 5M+ data fields monthly — so you can close faster and focus on strategy.
3. Proven impact: Companies like Astrid & Miyu cut processing time by 66%, save 40+ hours pw, and eliminate out-of-pocket expenses across four countries.
The bigger picture:
Payhawk was founded in 2018 to fix a broken process — corporate spend. Our founders (Hristo Borisov, Konstantin Dzhengozov, and Boyko Karadzhov) saw a market saturated with manual workflows, disconnected systems, and CFOs constantly chasing receipts. So, they built Payhawk: an all-in-one platform that combines real-time spend data, ERP integration, corporate cards, and smart automation.
Since then, we’ve helped finance teams in 32+ countries transform how they manage spend — slashing admin, increasing control, and turning finance into a strategic growth driver.
In 2021, we raised $215M and became Bulgaria’s first unicorn, with the second-largest B2B Series B in Central and Eastern Europe. And in 2023, we grew 114% YoY while reaching 77% gross profitability.
But the real game changer came in 2025: We launched the AI Office of the CFO — a suite of AI-powered features designed to eliminate tedious finance admin. With it, our users are now seeing:
– 227% faster data extraction
– 3.58 seconds to process an expense
– 5M+ data fields automatically extracted every month
That means faster closes, fewer errors, and more time to focus on growth.
Mid-size and large businesses often struggle with fragmented finance processes. Before Payhawk, many relied on a mix of Excel, bank cards, and clunky tools, with no central visibility or clean ERP syncs. Payhawk changes that.
For example, international jewellery business, Astrid & Miyu have achieved:
– Processing times cut by 66% — freeing up + 40 hours a week for their team
-15,000 expenses processed this year (’24), averaging around 1,500 per month
– Accounts payable ledger closures two days earlier than with the previous system
– 137 cardholders and 224 users across four countries, managing multi-currency expenses seamlessly
– Complete elimination of unnecessary out-of-pocket expenses
“Payhawk didn’t just fix our problems — it gave us a better way of working. The team is happier, our processes are smoother, and we’re better positioned for future growth.”
— Stephen Wilkinson, Finance and Operations Director at Astrid & Miyu.
Today, Payhawk stands at the intersection of finance and innovation — powering fast-growing companies with the visibility, speed, and control they need to scale confidently.
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