Payhawk, a fintech startup that provides spending software to simplify expenses, payments and card spending for growing businesses, announced on Tuesday that it has raised an additional $100M (approx €89.16M) to extend its Series B round to $215M (approx €191.69M).
The first Bulgarian unicorn
The additional funds come only three months after Payhawk’s Series B round in November 2021 of $112M, which was the second-largest Series B for a B2B company in Central and Eastern Europe. With this investment, Payhawk is now valued at $1B and has become the first-ever Bulgarian company to earn the status of a ‘unicorn’.