Payhawk is among the five finalists in the international Pitch and Power Competition of Visa and Wirecard. Being among the Top 5 Best Quests gives the Bulgarian company the right to present its product to the start-up competition at the Paris Fintech Forum 2019.
Payhawk creates a new generation of virtual and physical Mastercard and Visa corporate cards with automated cost management. The technology monitors, analyzes and retrieves information from payment documents, thus saving time for the employees and the accountants to administer business payments. Among the key features of the product are: automatic accounting, budgeting, forecasting and cost reporting, digitalisation of payment documents and data collection from invoices and notes. The service also provides a mobile application and a web portal for cost control and optimisation.
The company works with a small team and was established only a year ago, but managed to open an office in London in addition to the one in Sofia. The inclusion of Payhawk among the companies admitted to the Paris Fintech Forum conference is a chance for the start-up to promote its product and to get additional funding for further growing and development.
The specialized two-day Financial Technology Forum in Paris will be held for a third consecutive year. More than 2,600 attendees from 60 countries around the world are expected to gather for the keynote speeches of 240 executives from banks, insurance companies, telecoms, regulatory authorities, and fintech organizations. Together they will outline the trends in this rapidly growing industry.