Payhawk review 2026: spend management and corporate card platform pricing, features, pros and cons, and top alternatives for finance teams.
Payhawk is a spend management platform that combines corporate cards, expense management, accounts payable, and procurement automation in a single system for finance teams. The company was founded in 2018 in Sofia, Bulgaria, and is now headquartered in London, United Kingdom, becoming the first Bulgarian company to reach unicorn status after a 100 million dollar Series B extension in 2022 valued it at roughly 1 billion dollars.
Payhawk is designed with a European-first approach, issuing multi-currency corporate cards, supporting compliance with regional accounting and tax rules, and serving mid-market and enterprise customers across 32-plus countries, positioning it as a strong alternative to US-centric spend management platforms for companies with European operations.
Payhawk issues Visa corporate cards across seven currencies, letting cardholders avoid foreign exchange fees when spending in one of eight supported currencies, with a competitive markup applied for other currencies. Expense management tools automatically capture receipts and reconcile card transactions, while spend policies let admins set monthly limits, ATM withdrawal rules, and merchant restrictions per employee or team.
Beyond cards, Payhawk handles invoice and bill payment processing and procure-to-pay workflows for purchase requests and vendor management, with AI-powered automation applied across approvals and reconciliation. The platform integrates with major accounting systems to keep books synchronized automatically.
Payhawk's published starting prices are 599 dollars per month for its Cards and Expenses or Bill Payments plan, and 899 dollars per month for its Procure to Pay plan. Pricing is based on the number of admin and accountant seats and the features selected, not on transaction volume or the number of employees, so every paid plan includes unlimited employee cardholders and card transactions.
Businesses with more complex needs, higher seat counts, or additional add-ons can request a tailored quote from Payhawk's sales team based on team size and operational requirements.
Payhawk starts at 599 dollars per month for its Cards and Expenses or Bill Payments plan, and 899 dollars per month for its Procure to Pay plan, priced by admin seats rather than transaction volume.
Payhawk is headquartered in London, United Kingdom, having been founded in 2018 in Sofia, Bulgaria.
Payhawk avoids FX fees when a card is issued and used in the same currency, for eight supported currencies; a 1.99 percent markup applies to other currencies.
Yes, Payhawk became the first Bulgarian unicorn in March 2022 after raising a 100 million dollar Series B extension at a roughly 1 billion dollar valuation.
The Procure to Pay plan adds purchase request and vendor procurement workflows on top of Payhawk's core cards, expenses, and bill payment features.
Payhawk competes with Ramp, Brex, Airbase, Spendesk, and PayEm in the spend management space.
No, every paid Payhawk plan includes unlimited employee seats and card transactions; pricing is based on admin and accountant seats instead.