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The Bulgarian fintech startup is in talks for more than $100 million in funding, according to information from Bloomberg
Bulgarian enterprise expense management startup Payhawk is preparing a new investment round that has the potential to double the company’s valuation to nearly $2 billion. This is reported by Bloomberg News, citing sources familiar with the company’s plans.
According to the publication, Payhawk is in active negotiations to attract capital in the amount of more than 100 million dollars. The company refused to comment officially on the subject to the technology publication PYMNTS, which also spread the information.
The planned investment round is seen as a clear signal of the continued interest of investors in fintech companies in Europe. This comes amid growing competition for capital from AI projects.
PitchBook analyst Navina Rajan told Bloomberg that Europe’s fintech sector remains “resilient” and demonstrates a maturity that continues to attract significant investment.
“Outside of AI, in Europe we are seeing some of the biggest jumps precisely in the fintech sector, thanks to the maturity of these companies,” she notes.
In 2024, the company reports 78% revenue growth, which further strengthens the interest of investors.
In November, Payhawk expanded its e-invoicing capabilities across Europe through a partnership with Spanish company Invopop. The integration allows finance teams to receive, validate and pay electronic invoices directly within the Payhawk platform, without the need for additional systems.
According to an analysis by PYMNTS, companies are increasingly looking to solutions like Payhawk as enterprise spending becomes increasingly digital, globalized and performed in real-time. At the same time, many finance departments continue to rely on manual and outdated processes, leading to operational risks, delays and potential regulatory issues.
The growth of digital payments and remote work further complicates the management of corporate finances. Platforms like Payhawk address these challenges by unifying all financial operations – from corporate cards to payments to suppliers – in one comprehensive ecosystem, providing full transparency and control over financial flows.
