Payhawk, a London, UK-based provider of a platform for payments and expense management, raised $20m in Series A funding.
The round was led by QED Investors, with participation from existing investor Earlybird Digital East. Yusuf Ozdalga will join the Payhawk board alongside existing investors Mehmed Atici from Earlybird Digital East and Vassil Terziev from Eleven Ventures.
The company intends to use the funds to:
expand coverage for businesses outside the EU and UK;
add new payment products including credit cards;
support additional currencies with FX rates; streamline the cash flow from existing bank accounts to Payhawk,
accelerate its use of AI and machine learning, in order to introduce smart workflows,
Bulgarian fintech Payhawk raises $20 mln in QED Investors-led funding round Photo: Payhawk / All rights reserved.
SOFIA (Bulgaria), April 20 (SeeNews) - Bulgarian paperless expense management provider Payhawk said on Tuesday that it raised $20 million (16.6 million euro) in a Series A financing round led by US-based venture capital firm QED Investors.
Existing investor Earlybird Digital East also contributed fresh capital, the financial technology company said in a statement.
Payhawk said that the fundraise will enable it to further expand its product portfolio and grow its team. The company will expand coverage for businesses outside the EU and UK; add new payment products including credit cards; and support additional currencies with industry leading FX rates, it said.
TrillerNet Acquires Premier Live Event and PPV, SVOD, AVOD and Streaming Platform FITE, Taking Major Next Step in Building Global Content Ecosystem
Will Use FITE s Worldwide Platform to Expand Triller Fight Club and Develop Premium Four-Quadrant Entertainment and Lifestyle Content
News provided by
Share this article
Share this article
LOS ANGELES, April 14, 2021 /PRNewswire/ TrillerNet (aka Triller Hold Co LLC), parent company of the global AI-driven short video social app Triller, today announced it has acquired FITE, the premier global live-event and Pay-Per-View, SVOD and AVOD and streaming platform for sports and entertainment.
The deal gives Triller a major foothold in the live-event PPV and streaming space, greatly expanding the reach of Triller s fast-growing AI-powered content and distribution ecosystem and allowing the company to continue to invest in new lifestyle and entertainment programming.