Payhawk raises $20M to unify corporate cards, payments in addition expenses

Fintech startup Payhawk may have raised a $20 quantité funding round. QED Property investors is leading the purpose with existing investor Earlybird Digital East also joining. Payhawk is building a good system to manage all the wealth that is going in and information about.

Essentially, carriers switching to Payhawk also can replace several services these kinds of products already use and that did not interact well with each other. Payhawk lets you issue corporate playing cards for your employees, manage bills and track payments through single interface.

After signing up, customers manage to get thier own banking details using a dedicated IBAN. You can meet up with your existing bank account, heap funds to your Payhawk funds and start using it in multiple ways.

Compared to other companies performing on similar products, Payhawk home elevators each customer their own IBAN, which means they can receive thirdparty payments.

Websites key features of Payhawk is always that customers can issue computer and physical cards for employees with different rules. You can setting up a team budget, calibrate an approval workflow for high transactions and let Payhawk oversee receipt collection from these kind of card transactions.

You can upload invoices in order to handle them through Payhawk. Our own startup tries to automatically draw data from those accounts for easier reconciliation. Payhawk also lets you reimburse workers’. The service acts as a solo source of truth for your company’s spending. Finally, you can seduce Payhawk with your existing ENTERPRISE RESOURCE PLANNING system.

In a software-as-a-service solution, you shell out a monthly subscription fee ought to vary depending on optional product features and the number of active notes. Clients include LuxAir, Lotto24, Viking Life, ATU, Gtmhub, MacPaw and By Miles. In summary, the startup has 200 clients.

The brand has been growing nicely compared to revenue doubled in Q1 2021. It currently agrees to clients in the European Union with U. K. but it dealt with plans to expand the world those markets. Up latest, Payhawk plans to brand new hair tool credit cards, more currencies as tighter integration with business bank accounts.

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