Spend administration platform Payhawk has opened an workplace in New York marking its official launch within the US. It follows a yr of development for the fintech which has seen income develop by over 520 per cent and worker headcount boosted greater than 250 per cent.
Payhawk has additionally launched a US bank card to help firms with a number of workplaces throughout the UK, Europe and the US. It provides credit score limits as much as $250,000 and customisable spend insurance policies. Prospects can enrol onto a ready checklist for with the primary clients going stay in October.
In keeping with Hristo Borisov, co-founder and CEO, Payhawk, its aim is to give attention to offering the perfect resolution in the marketplace for world scaleups and enterprises. Its market enlargement implies that the fintech can help the wants of fast-growing firms that scale internationally.
“A big proportion of scaling firms in Europe have US operations, and earlier than in the present day, they have been compelled to make use of a number of bank card issuers, making the controlling and reconciliation course of for finance groups a nightmare,” says Borisov.
“The identical is true for US firms with European operations the place the variety of currencies and fee programs may be daunting. Our enlargement to the US is yet one more thrilling step on our journey to higher help our worldwide consumer base, and simplify the tech stack of world finance groups.”
Enterprise focus
With greater than 2.6 million companies with over 100 workers throughout the UK, Europe, and the US, Payhawk believes it’s effectively positioned to serve corporations with overlapping operations between the 2 continents.
It provides native integrations with a number of enterprise ERP programs for real-time reconciliation, spending coverage options to assist finance leaders implement governance and management at scale, and the flexibility to handle a number of worldwide entities in a single platform.
To additional show its dedication to the US SaaS market, Payhawk can be sponsoring SaaStr Annual, a three-day SaaS group occasion in Silicon Valley.
