Payhawk rolls out business credit cards for UK enterprises

Tuesday 4 October 2022 10:15 CET | News

UK-based fintech Payhawk has launched business credit cards with built-in spend policies to offer UK enterprises an alternative between credit and debit cards.


With this new product launch, Payhawk becomes one of the only spend management solutions to offer UK businesses a choice between smart VISA credit cards and debit cards. This card choice gives businesses looking for a card or a broader spend management solution even more options to optimise their cash flow. Payhawk also provides up to 1.5% cashback on all card payments, capped at the customers’ subscription.

This new release quickly follows the company’s launch of credit cards for US businesses in September 2022, as well as year-to-date revenue growth of 520% and an employee headcount growth of over 250%.

Payhawk launches business credit cards with built-in spend policies to offer UK enterprises an alternative between credit and debit cards.

The perks that come with the new offering

Payhawk credit cards provide enterprises with a smarter and more widely usable alternative to traditional business credit cards. With them, businesses can easily implement spending governance and control at scale with built-in spend policies and automated approval workflows.

For example, for the new credit cards, spend policies can be customised based on the employee level or department and fine-tuned with controls such as daily or single transaction limits. Additionally, since Payhawk's cards are Visa credit cards, merchant acceptance rates are much higher in the UK and Europe compared with some traditional providers.

Finally, by using Payhawk's credit cards instead of traditional business credit cards, finance leaders can use the platform to automate manual accounting processes and get real-time visibility into company spending. The company makes this possible with native integrations to most accounting and ERP software and automatic reconciliation of card payments.

More information on Payhawk

Payhawk is a spend management solution for scaling businesses. Headquartered in London and combining company cards, reimbursable expenses, and accounts payable into a single product, its future-facing technology enables finance teams to control and automate company spending at scale. The customer base includes fast-growing and mature multinational companies in 32 countries including LuxAir, Gtmhub, and Wagestream.

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Keywords: credit card, cashback, spend management, product launch, cash flow
Categories: Payments & Commerce
Companies: Payhawk
Countries: United Kingdom
This article is part of category

Payments & Commerce


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