Fintech startup Payhawk has raised $ 20 million per round.QED Investors is leading the slotxo ออโต้ round, with current investor Earlybird Digital East also joining.Payhawk is building a unified system to manage all the money it enters. And exit Essentially, companies that switch to Payhawk can replace the services they already use and not interact well with each other.Payhawk lets you issue corporate cards for your employees, manage invoices, and track payments from. Single interfac After registering, customers will receive their own bank details with a dedicated IBAN. You can connect to your existing bank account, load funds to your Payhawk account and start using them in a number of ways.
Compared to other companies working on similar products, Payhawk provides individual customers' IBANs, meaning they can accept third-party payments.One of the main features of Payhawk is that customers can issue virtual and physical cards to employees with different regulations. You can set up a team budget, configure approval workflows for large transactions, and have Payhawk manage receipt collection from those card transactions.You can upload invoices to handle through Payhawk.The startup will automatically try to extract information from those invoices for easier reconciliation.Payhawk also lets you reimburse employees. The service is the only source of truth for your company's spending.
Finally, you can connect Payhawk to your existing ERP system.As a software solution as a service, you pay a monthly subscription fee, which varies depending on the optional features and the number of cards in use.Customers include LuxAir, Lotto24, Viking Life, ATU, Gtmhub, MacPaw, and By Miles. In total, the startup had 200 customers.The company has seen tremendous growth as revenue doubled in Q1 2021.It is now open to EU and UK customers. But with plans to expand the market even further, Payhawk plans to roll out credit cards, other currencies and more stringent integration with corporate bank accounts.
