Bulgarian fintech Payhawk raises €500K to further expand and help SMEs manage their expenses

Bulgarian start-up company Payhawk, founded by AUBG alumnus and company CEO Hristo Borisov (Class ’10) has attracted investments of 1M BGN after a new round of financing. The fintech company, which offers digital cost management solutions for SMEs got €500,000 investment from fintech experts and industry angels like Perry Blacher, Fintech advisor to Google and Senior Digital Advisor to Barclays UK; Mark Ransford, Investor and advisor to high-growth startups in the fintech sector; Eleven Ventures; Vasil Terziev and Svetozar Georgiev, co-founders of Telerik Academy and Campus X; Nedelcho Spasov and Stanimir Vassilev, co-founders of the Management Financial Group.

The company plans to channel the newly attracted capital to double its current team of 7 people and expand its operations in Europe and the UK.

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