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Payhawk raises USD 112 million

Tuesday 23 November 2021 13:23 CET | News

Payhawk, a UK-based fintech company, has closed Series B funding round led by US-based investor Greenoaks with USD 112 million, valuing the company at USD 570 million.

Payhawk reduces the amount of manual work caused by disconnected tools for cards, payments, invoices, and expense management by combining those elements in one platform and therefore acting as a one-stop-shop for finance teams.

The fintech will use the new funds to accelerate its product roadmap with the launch of a credit card in Q1 of 2022, and low-cost cross-border transfers as an alternative to SWIFT payments. These expansion and product build plans will run in tandem with growing the marketing and sales team in Payhawk’s key markets of the UK, Germany, Spain and Benelux.


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Keywords: fintech, funding, spend management, SWIFT, expansion
Categories: Payments & Commerce
Companies:
Countries: United Kingdom
This article is part of category

Payments & Commerce