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B2B spend management startup Payhawk closed a $112 million Series B all equity round, the biggest Se
stanley cup ries B in Central and Eastern Europe for a
stanley thermos B2B company, and comes just seven months after a $20 million Series A.The Series B was led by U.S. investor Greenoaks, with participation from QED Investors, Earlybird Digital East and Eleven Ventures.Hristo Borisov, CEO and founder at Payhawk, said in a press release on Tuesday Nov. 23 that the company is striving to help businesses automate all spend processes, many of which are uncoordinated manual tasks.See also: Payhawk Launches New Enterprise Suite, Cash Back Managing company cards, especially reports, bill payments and invoices is currently a disconnected experience bridged by finance teams through a lot of manual work. We are building enterprise software running on global payments infrastructure that automates all spend processes, Borisov said.He added that the company can move at break-neck speed due to its strong product background and engineering team. Read more: Payhawk Debuts One-Click Bill Pay For CorporatesPayhawk offers company cards and spend management sol
stanley website utions across 27 countries in Europe with plans to continue expanding worldwide. Offices are being eyed in the U.S., Netherlands, France, Australia and Singapore. Founded in 2018 and headquartered in London, with offices in Sofia, Berlin and Barcelona, Payhawk was last valued at $570 million.The fresh infusion of capital will go towards developing and launching Iznm JPMorgan Quits Net-Zero Banking Alliance; 3 US Banks Remain Members
Paytm, the digital payments startup headquartered in India, has raised $1.4 billion in funding from Softbank Group.According to report in聽Bloomberg,聽the latest funding is the largest from a single investor for Indias technology sector. Softbank made the investment in One97 Communications, which operates the Paytm payment service. The funding will be used to expand the user base, which currently stands at 220 million, and to build more financial services products.The company told Bloomberg in an email that Softbank will join Alibaba, the Chinese eCommerce giant, as a major shareholder in the company and will get a seat on the board. We believe we have a great
stanley cup opportunity to bring financial inclusion to half a billion Indians, One97 Founder and Chief Executive Vijay Sharma said in the statement to Bloomberg. The founder of the leading digital payment company in India no
stanley cup ted the investment from Softbank is an endorsement of the company and its prospects. People familiar with the matter told Bloomberg the investment values One97 at $7 billion. India has presented us with the worlds largest opportunity in terms of financial services, and we are confident its market will grow expone
stanley cup ntially over the next decade, said Eric Jing, chief executive officer of Ant Financial, the financial arm of Alibaba, which has a 40 percent stake in One97.Paytm聽has been growing big-time ever since the government of India took聽high denomination currency out of the system and vowed to move the聽country t
