Venture Capital

Payhawk: Fintech Startup Raises $20M Series A From Top Vc Investor Qed

by businessinsider.com posted 5months ago 109 views
Summary List PlacementLondon fintech Payhawk has raised $20 million in a round led by US fund QED Investors. The payments and expense management platform claims to have grown 10 times over last year due to a surge in demand from the pandemic. Payhawk, which was founded in 2018, claims it improves the efficiency of a company's expenses as it brings both payments and invoicing into the one system. "The COVID-19 crisis has brought an acceleration of trends, particularly around remote employees and digitization in general," Payhawk CEO Hristo Borisov told Insider in an interview.