Payhawk Seeks Funding To Double Valuation

Payhawk, a Bulgarian expense-management startup founded in 2018, is reportedly in talks to raise more than $100 million in a round that could double its valuation to roughly $2 billion, Bloomberg reported Jan. 7. The planned funding and a November collaboration with Spain’s Invopop to expand e-invoicing underscore continuing investor interest in European fintech. The developments highlight growth in automated corporate spend and payments solutions.