International spend administration resolution and Bulgaria’s first unicorn, Payhawk, has obtained an Digital Cash Establishment (EMI) license from the Financial institution of Lithuania. This has allowed the answer to open a neighborhood workplace within the nation, because it now seems to rent a staff of finance professionals to speed up product improvement.
The growth into Lithuania means Payhawk now serves purchasers in over 32 international locations. It presents companies throughout Europe, the UK and US a simplified funds resolution which mixes firm playing cards, reimbursable bills, accounts payable, and accounting software program integration right into a single product. Some notable purchasers embody LuxAir and Babbel.
“We’ve got been participating in conversations with a major variety of Lithuanian companies that need to optimise spend and make their finance groups extra environment friendly,” says Saulius Žlabys, managing director at Payhawk Lithuania. “We’ve all the time thought of Lithuania an essential nation for us to function in, and we hope our native presence will assist us carry the advantages of Payhawk to extra companies within the Baltics.”
The Financial institution of Lithuania EMI license
Payhawk has additionally not too long ago acquired an EMI license from the Financial institution of Lithuania. Based on Hristo Borisov, CEO and co-founder of Payhawk, the brand new license will speed up the event of latest options of the Payhawk platform: “We selected to pursue a license from the Financial institution of Lithuania due to their dedication to proactively help progressive monetary corporations like us.
“The license will assist us carry innovation to our clients; over the subsequent yr, we plan to launch new options to assist our clients higher handle much more forms of spending in much more world currencies.”
Payhawk is hiring extremely skilled professionals for its new Vilnius workplace. Particularly, Payhawk is looking for professionals with a background in finance, fee operations, and threat evaluation.
“Our firm values embody supporting flat hierarchies, taking possession and duty, looking for and offering suggestions, managing constructive critique, and talking our minds,” mentioned Borisov. “We perceive that the very best concepts don’t all come from the identical place, so we encourage range and inclusion in all work areas.”
Based on Elijus Čivilis, common supervisor at Make investments Lithuania, Payhawk is a superb addition to the fintech panorama in Lithuania.
“It’s nice to see that Vilnius is just not solely creating unicorns, but additionally attracting them. I’m certain that in Lithuania, Payhawk will discover the appropriate expertise and help to proceed its profitable development.”
