Articles from Payhawk

LONDON, March 02, 2026 (GLOBE NEWSWIRE) -- Payhawk, the AI-native spend management platform, today announces new capabilities for its Financial Controller Agent, verified with Cloudflare, to retrieve invoices directly from vendor portals after an employee authenticates it in a secure browser session.For many finance teams, the slowest part of invoice processing still happens outside the finance system. Employees often have to log into vendor portals, search billing sections for invoices, download them, then upload them to expenses. Many also rely on inbox forwarding rules just to capture documents and stay compliant. And while expenses paid at POS terminals are uploaded instantly, finance teams have to wait on average 12.6 days for online invoices.With Payhawk, the Financial Controller Agent retrieves invoices from vendor portals, including Cloudflare-protected sites. Invoice data is then automatically coded in the platform, removing repetitive searching, downloading, and uploading for employees and finance teams. Combined with Payhawk’s integrations with more than 60 systems, customers can reconcile and automate expenses in real time.

Payhawk expands U.S. presence by providing finance leaders with tighter control of business spend without replacing their existing cards. Payhawk delivers policy enforcement, approval workflows, and real-time reporting on existing corporate cards, no migration required.

Payhawk, the spend management solution with a presence across the UK and Europe, officially launches in the US today. The unicorn has opened an office in New York and is introducing a US credit card to support companies with multiple offices across the UK, Europe, and the US. The US launch is a key part of Payhawk’s expansion strategy, following a record year of growth that has seen its revenue grow 524%, and its employee headcount grow 250%, year to date.

Payhawk, the payments and expense solution with offices in London, Sofia, Berlin and Barcelona, has raised $112 million just three years after its inception, valuing the company at $570m. The Series B round is led by the San Francisco-based investor Greenoaks, who has a strong track record of investing in high-growth technology companies such as Gorillas, Robinhood, Stripe and Brex. All existing investors, including QED Investors, Earlybird Digital East and Eleven Ventures are participating in the round.