Payhawk
Payhawk is a spend management platform for mid-market and enterprise companies that has raised $236M. The London-based company serves clients in 32+ countries with 472 employees across 9 offices.
The growth story
Payhawk grew from 39 to 472 employees between 2021 and 2026, raising $236M along the way, most recently a Series B in March 2022.
About
Payhawk provides a platform for managing corporate spending across bills, cards, expenses, travel and procurement. It integrates with ERP systems to enforce payment rules and budgets while streamlining employee spending.
The company has expanded rapidly since its 2018 founding, reaching a Series B round in March 2022. With offices across Europe and the US, it serves a global client base of mid-market and enterprise companies.
Founders and leadership
Sales is Payhawk's largest function with 101 employees. The company operates with a median tenure of 1 year across its 472-person workforce.
The Payhawk org chart
Hristo Borisov (Co-founder & CEO) leads 59 mapped leaders with 9 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Sales 106 (-9% YoY), Engineering 98 (-1% YoY), Business Development 54 (-8% YoY), Operations 35 (+46% YoY), Finance 30 (+25% YoY), Marketing 22 (-12% YoY).
Talent flow
Payhawk recruits heavily from Progress Software, VMware and Paysafe. Alumni frequently move to Airwallex, Progress Software and Salesforce. Nearly half of employees studied at Sofia University St. Kliment Ohridski or American University in Bulgaria.
Most common previous employers of Payhawk staff: Progress Software (25), VMware (9), Paysafe (9), Trading 212 (8), Sofia University St. Kliment Ohridski (8), Factorial (6). Former Payhawk employees most often moved to Airwallex (6), Progress Software (5), Salesforce (4), Nexo (3), Wayflyer (3), Harvey (3).
Alumni worth knowing
The Payhawk mafia
Payhawk alumni have founded 16 companies, including Paypercut (20 staff), Northlane (14 staff) and The Boutique WorkSpace Company (3 staff).
16Gareth Walsh, was Group Chief Compliance Officer until 2024Saagar Mehta, was VP, Strategy & Go-To-Market until 2023Nabeel Hussain, was Business Development - UK until 2022Thibault Le Meur, was Senior Account Executive until 2023Etien Yanev - AI training, was Senior Social Media Manager until 2024Lipika Kapoor, was Consultant until 2024
Oggy Shopov, was Director of Partnerships until 2024
Chiara Martin , MBA, was Account Executive until 2023
Aya ElSority, was Chief People Officer until 2025
Nasim A. Moucharrafie, was Account Executive Mid Market until 2026
Fabian Zwaan, was Podcast Host until 2023
Georgi Tonchev, was Product Designer until 2024
Rumen Sprostranov, was Business Development @Payhawk until 2023
Alex Cumming, was Account Executive until 2023
Atanas Zaprianov, was Director Product until 2020
Nikola Petrov, was Manager Account Management until 2025Hiring now
Web traffic
Traffic mix: 71% direct, 12% search, 2% social, 2% paid.
What this company is made of
Most common skills at Payhawk: Microsoft Office (158), Teamwork (153), Communication (147), English (125), Project Management (124), Microsoft Excel (114), Sales (108), Leadership (98).
Where the team actually sits
Payhawk people are concentrated in Sofia City, Bulgaria (81), Bulgaria (59), Catalonia, Spain (25), England, United Kingdom (24). 7 offices on record.
Search footprint
Payhawk attracts about 2,248 organic search visits a month, traffic worth roughly $101K a month if bought through ads. It gained 1,635 ranking keywords and lost 1,345 in the last period.
What employees say
- Compensation
- 3.70 / 5
- Career opportunities
- 3.50 / 5
- Senior management
- 3.40 / 5
- Work-life balance
- 3.10 / 5
Frequently asked
Payhawk has 472 employees as of September 2026.
Payhawk has raised $236M in total, most recently a Series B round in March 2022.
Payhawk was founded in 2018 by Hristo Borisov, Konstantin Dzhengozov, Boyko Karadzhov.
Hristo Borisov (Co-founder & CEO) sits at the top of Payhawk's reporting structure, with 9 direct reports.
The most common previous employers of current Payhawk staff are Progress Software (25 people), VMware (9 people), Paysafe (9 people).
Former Payhawk employees most often move to Airwallex (6), Progress Software (5), Salesforce (4).
At least 16 companies have a founder who previously worked at Payhawk, including Paypercut, Northlane, The Boutique WorkSpace Company.
Payhawk attracts about 2,248 organic search visits a month, worth roughly $101K a month in equivalent ad spend.
The most common skills among Payhawk staff are Microsoft Office, Teamwork, Communication, English, Project Management.
Payhawk staff are concentrated in Sofia City, Bulgaria (81), Bulgaria (59), Catalonia, Spain (25).
Payhawk has about 106 people in Sales, down 9% over the past year, as of September 2026.
Payhawk has about 98 people in Engineering, down 1% over the past year, as of September 2026.
Computed from 287 current and 290 former Payhawk profiles, as of September 2026. Source: Crustdata.
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