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QED Investors leads $20 million round in Payhawk
3 hours ago
Payments and expense management platform Payhawk has raised a Series A $20 million financing round led by QED Investors.
Existing investor Earlybird Digital East, which led a $3.6 million seed round in March 2020, is also contributing fresh capital.
Payhawk acts as a one-stop-shop for integrated payments, invoices and expense management tools for finance teams that can serve businesses operating in 30 countries.
The company has posted 10x growth in 2020, and doubled its revenue in Q1 of 2021. Its customer base consists of a mix of fast-growing and multinational companies including LuxAir, Lotto24, Viking Life, ATU, Gtmhub, MacPaw and By Miles.