What Payhawk does

Payhawk is a London-headquartered spend management platform, founded in Sofia, Bulgaria in 2018 and operated through a group structure including Payhawk Limited (UK), Payhawk Inc. (US), Payhawk Financial Services UAB (Lithuania, Bank of Lithuania EMI licence), and Payhawk Financial Services Limited (UK, FCA-authorised EMI). The company consolidates corporate cards, expense management, accounts payable, business travel, procurement, and global payments into a single cloud SaaS platform supported by native bidirectional integrations with more than 10 ERPs (NetSuite, Xero, QuickBooks, Microsoft Dynamics, SAP S/4HANA, Datev, Exact Online) and 50+ HRIS/identity providers. The platform serves mid-market and enterprise finance teams across 32+ countries with a sales-led motion, supported by BDR teams in nine offices and a formal partner program for accounting integrators and implementation consultants.

Underlying the platform is an AI-native architecture that includes four production agents (Financial Controller, Procurement, Travel, Payments), OCR processing receipts and invoices in 60+ languages, and a vendor-portal invoice retrieval capability authenticated through Cloudflare's Verified Bots program. Payments infrastructure is provided through JP Morgan Payments (115 currencies at 0.3% FX), with card issuance via Cross River Bank in the US, Paynetics in the EEA, and FCA-regulated Payhawk Financial Services Limited in the UK. EU eInvoicing compliance is delivered through a partnership with Invopop (certified Peppol Access Point).

Payhawk generates revenue through SaaS subscriptions (per-seat and per-module, annual or multi-year contracts) plus transaction and FX margins on its $3.2 billion Total Payment Volume in 2025. The company reports 78% ARR growth year-over-year, 96% TPV growth, 150.85% three-year annual sales growth (ranked 15th in The Sunday Times 100 Tech), and IFRS revenue of £20.6 million in 2024. Mid-market and enterprise customers now represent 48% of the base (up from 22% in 2021). Total disclosed funding is approximately $239 million across a 2021 $112M Series B (Greenoaks), a March 2022 $100M Series B extension (Lightspeed) that delivered a $1 billion unicorn valuation, and a 2025 $20M round, with early-2026 talks reported for an additional $100M+ at approximately $2 billion valuation.

Name

Payhawk

Legal name

Payhawk Limited

Website

https://payhawk.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

251–500 employees

Short description

Payhawk is a London-headquartered spend management platform that unifies corporate cards, expense management, accounts payable, travel, and procurement for mid-market and enterprise finance teams across 32+ countries through AI-native workflows and deep ERP integrations.

Ownership category

akta.pro rank

Product category

Spend Management Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Services-Prepackaged Software (7372), Finance Services (6199)

akta.pro primary industry

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)

akta.pro secondary industries

Processor-Agnostic / White-Label Acquiring Platforms (Acquiring-as-a-Service) (FSAMABAI), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Biller Direct EBPP Platforms (FSAMAJAA)

Keywords

• Spend management platform
• Corporate card issuance
• Expense management software
• Accounts payable automation
• Business travel booking

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Subscription / Platform Licensing: Payhawk generates revenue primarily through SaaS subscription fees for its unified spend management platform. Pricing is based on a combination of platform tier, seat count, and module access (cards, expenses, AP, travel, procurement, AI agents). The platform offers different pricing tiers targeting SMB, mid-market, and enterprise segments. The company reports ARR growth of 78% year-over-year and has transitioned its customer mix toward mid-market and enterprise, which now represent 48% of its customer base (up from 22% in 2021).
2. Transaction and Payment Processing: Revenue is generated from payment processing fees, including FX margins on cross-border transactions (0.3% FX rate offered to customers). Total Payment Volume (TPV) reached $3.2 billion in 2025, representing 96% year-over-year growth, providing a transactional revenue stream from payment flows and currency conversion.
3. AI Agent Premium: New AI agent capabilities (Financial Controller Agent, Procurement Agent, Travel Agent, Payments Agent) are available as part of the platform, with features like automated invoice retrieval from vendor portals offered at no additional cost beyond general platform access. The AI agents drive upsell by accelerating time-to-value for customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels10 records

Core offering

Payhawk is an AI-native spend management platform that combines corporate card issuance, expense management, accounts payable automation, business travel booking, procurement, and global cross-border payments into a unified financial operating system. The platform is delivered as cloud SaaS with native bidirectional ERP integrations (NetSuite, Xero, SAP, Microsoft Dynamics, QuickBooks, Datev, Exact Online), AI agents (Financial Controller, Procurement, Travel, Payments), OCR-based invoice processing in 60+ languages, and real-time policy enforcement at the point of transaction.

Product overview

Payhawk is a unified spend management platform that consolidates corporate cards, expense management, accounts payable, business travel, and procurement into a single product. The platform is structured around a core spend management system augmented by a dedicated AI Office of the CFO (comprising autonomous AI agents), a Workflow Orchestration engine, and a Partner API. Key product modules include Payhawk Link & Control (real-time spend controls on existing bank cards), Payhawk Visa Cards (issued cards with built-in controls), Business Accounts & Payments (global cross-border payments), Expense Management, Accounts Payable (invoice automation), Business Travel, and Intake-to-Pay/Procurement. Additional platform capabilities span Budgets (real-time budget tracking), Multi-Entity Management (global multi-entity visibility), EU eInvoicing, Carbon Tracking, and Integrations & API. The platform targets mid-market and enterprise finance teams across 32+ countries, emphasizing AI-native automation, ERP integrations, and unified spend visibility.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounts Payable AI-powered accounts payable automation enabling invoice capture, eInvoicing support (Peppol, PPF, KSeF), two/three-way PO matching, custom approval workflows, supplier management, and global payment execution for mid-market and enterprise finance teams.
• Expense Management Automated expense management collecting receipts at the point of sale, matching them to card transactions, auto-coding entries, and syncing to ERP for finance teams; processes through AI to eliminate manual expense reports.
• Corporate Cards (Payhawk Visa Cards) Smart Visa company cards with built-in spend controls, policy enforcement, real-time visibility, and automated receipt capture available in 32 countries, issued through licensed electronic money institutions.
• Payhawk Link & Control Real-time spend control layer that attaches to existing bank-issued corporate cards without requiring card replacement, connecting directly to card networks for policy enforcement, transaction monitoring, and reconciliation across multiple card programs in a unified experience.
• Business Travel End-to-end business travel management covering trip booking and expense tracking with integrated spend visibility and policy enforcement, designed for finance teams managing employee travel at scale.
• Intake-to-Pay (Procurement) Procurement module enabling employees to raise purchase requests and route them for approval before spend occurs, with automated PO creation and supplier communication for finance and procurement teams.
• Business Accounts & Payments Global payment infrastructure supporting cross-border payments in 115+ currencies at 0.3% FX rates through JPMorgan, enabling holding balances and paying suppliers in EUR, GBP, USD, CHF, DKK, and PLN.
• AI Office of the CFO Suite of four enterprise-ready AI agents (Financial Controller Agent, Procurement Agent, Travel Agent, Payments Agent) that autonomously handle finance tasks within company policies, including invoice retrieval, approval chasing, and natural-language request handling.

Quantifiable outcome

• 99.7% zero-touch successfully reconciled expenses exported to ERP
• +14 more outcomes

Named customers22 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration23 records

AI capability10 records

Feature11 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Google (Gemini Enterprise Agent Platform)coreTechnology or Integration · 23 April 2026Payhawk adopted Google Gemini Enterprise Agent Platform (announced at Google Cloud Next 2026), which unifies agent building, deployment, data integration, security, and optimization. Payhawk uses the Agent Development Kit and Agent Studio to deploy its Financial Controller Agent with Memory Bank, maintaining context across multi-step finance workflows. Reported more than 50% reduction in expense submission time as a result.
• CloudflarecoreTechnology or Integration · 2 March 2026Cloudflare's Verified Bots program enables Payhawk's Financial Controller AI Agent to authenticate itself securely when retrieving invoices from vendor portals (including Cloudflare-protected sites). The verification uses HTTP message signatures, allowing the AI agent to autonomously navigate and collect invoices from vendor websites after employee authentication in a secure browser session — addressing a key pain point where finance teams wait an average of 12.6 days for online invoices.
• InvopopcoreTechnology or Integration · 25 November 2025Partnership with Invopop, a certified Peppol Access Point provider, to expand eInvoicing compliance and automation across Europe. Enables finance teams to receive, validate, approve, and pay structured eInvoices directly within Payhawk's platform. Addresses EU mandate wave including Germany's B2B requirement (January 2025), Belgium's Peppol mandate (January 2026), and France's and Spain's national rollouts (2026-27).
• JP Morgan PaymentscoreTechnology or Integration · 16 September 2025Strategic payment infrastructure partnership providing global payment processing across 115 currencies at 0.3% FX rates. JP Morgan Payments serves as the underlying payment rails and FX provider for Payhawk's global payment capabilities, enabling Payhawk to offer multi-currency accounts, cross-border transfers, and treasury services to its customer base. Funds are safeguarded by JP Morgan and other regulated institutions.
• Grigor DimitrovminorOthers · 7 July 2025Global brand ambassador partnership with Bulgarian tennis champion Grigor Dimitrov. Dimitrov is one of Bulgaria's most internationally recognized athletes (ATP finals winner, world No. 3, 52 consecutive Grand Slam appearances). The partnership celebrates shared Bulgarian heritage, values of determination and excellence, and global ambition. Activation includes exclusive customer perks (merch, match tickets, player meetings) and 'The Court of Resilience' art installation at Wimbledon.
• NovutechminorImplementation/ SI/ Consulting Partner · 10 June 2025Implementation partner specializing in NetSuite integrations. Partnership delivers 2x faster month-end close for NetSuite users by streamlining expense reporting and ERP data synchronization workflows.
• NetSuite (Oracle)coreTechnology or IntegrationNative bidirectional ERP integration with Oracle NetSuite, enabling real-time sync of corporate card transactions, employee reimbursements, and AP data. Features include multi-entity support for NetSuite OneWorld environments, custom field synchronization, and automated amortization handling. Customer testimonials from GDS Group, Heroes, and Aventum Group cite reduced close timelines and improved audit readiness.
• XerocoreTechnology or IntegrationNative integration with Xero accounting software for real-time expense and invoice data synchronization. Enables automated bookkeeping, receipt matching, and AP reconciliation within Xero.
• SAPcoreTechnology or IntegrationNative SAP S/4HANA integration launched in Summer '26 Edition, enabling deep interoperability for enterprise customers. Payhawk participates in SAP Sapphire events and positions as an alternative/complement to SAP Concur. SAP is both a technology partner and competitive reference for the platform.
• Microsoft Dynamics 365coreTechnology or IntegrationNative ERP integration with Microsoft Dynamics 365 for real-time financial data synchronization. Listed as a key integration alongside NetSuite, Xero, SAP, Datev, and Exact Online.
• DatevcoreTechnology or IntegrationNative integration with DATEV accounting software for German-speaking markets, supporting automated data export and reconciliation for Payhawk customers operating in Germany and Austria.
• Exact OnlinecoreTechnology or IntegrationNative API integration with Exact Online accounting software enabling real-time syncing of expenses, receipts, card payments, and invoices. Integration saves up to 80% of manual processing time, enables faster month-end closes, and improves VAT reclaim accuracy across multiple entities.
• Cross River BankcoreTechnology or IntegrationUS banking partner issuing Payhawk Visa debit and credit cards through Cross River Bank, Member FDIC. Cross River Bank is the card-issuing partner for Payhawk's US operations, enabling the issuance of corporate cards to US customers.
• Paynetics ADcoreTechnology or IntegrationEEA banking partner issuing Payhawk debit and credit cards in the European Economic Area. Paynetics AD is the EEA card-issuing partner alongside Payhawk Financial Services UAB.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Brex: US-headquartered corporate cards and spend management platform directly competing with Payhawk across cards, expenses, AP, and travel for mid-market and enterprise finance teams; one of the largest and most well-capitalised direct competitors.
• Ramp: Corporate cards, expense management, AP automation, and procurement platform targeting US mid-market; competes directly with Payhawk's unified spend management stack and has rapidly expanded into travel and bill pay.
• Airbase: Corporate cards, expense management, and AP automation platform serving mid-market finance teams; comparable to Payhawk in product scope and customer profile, though smaller in European reach.
• Spendesk: European spend management platform offering corporate cards, expense management, and AP automation; one of Payhawk's closest direct peers in the European mid-market with similar product breadth.
• Pleo: European corporate cards and expense management provider that recently expanded into AP automation and bill pay; comparable to Payhawk in geographic focus, customer profile, and platform evolution.
• Mesh Payments: Corporate cards and spend management platform focused on US mid-market and enterprise; comparable product set (cards, AP, expenses) with similar GTM motion targeting finance teams.
• Soldo: European spend management platform offering prepaid corporate cards, expense management, and AP; comparable to Payhawk in geographic focus and customer profile, with similar regulatory structure across UK/EEA.

Broad incumbents

• SAP Concur: Global incumbent for travel, expense, and invoice management owned by SAP; competes with Payhawk in enterprise T&E and AP, and is explicitly referenced as the alternative/complement position Payhawk targets alongside native SAP S/4HANA integration.
• Coupa: Broad spend management platform (now part of Broadcom) covering AP, procurement, and expense; competes with Payhawk's procurement and AP modules, especially in enterprise RFPs where Coupa has deep ERP relationships.
• Emburse: Travel, expense, AP, and cards suite for mid-market and enterprise finance teams; competes with Payhawk across multiple product modules and overlaps in the European enterprise segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/PayhawkCom
• YouTubeyoutube.com/@payhawk_io
• Facebookfacebook.com/Payhawk.io
• LinkedInlinkedin.com/company/payhawk-io

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries5 records

Funding overview

Funding rounds6 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Payhawk