Innovate-Impact-Collaborate I Sustainability Investor SEE & CEE I Passionate about Growing Businesses I Financial professional through cycles
#Bulgarian #unicorn Payhawk challenges SAP in the world of #corporate #spend management #Fintech #enterpreneurship #Bulgaria
Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the corporate spend management world and take on big players like SAP 🤯 Payhawk said it is looking to acquire a company or companies at the series A stage of their development, referring to early-stage startups that have already raised a significant round of funding. In an interview with CNBC, Hristo Borisov, Payhawk’s co-founder and CEO, said he thinks his firm has a better “product-market fit” than its rivals, which have gained multibillion-dollar valuations by handing out free corporate cards to other startups. “We see an opportunity to have much better unit economics in this business,” Borisov told CNBC at the Money 20/20 conference in Amsterdam this week. “We believe companies like Brex and Ramp still haven’t found strong product market fit for what this potential market is going to be.” Read more: https://lnkd.in/e7hm7tZC Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]