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UK’s Payhawk raises $112 million as expenses fintech race heats up

Automated expenses fintech Payhawk has closed a $112 million Series B round, valuing the company at $570 million, according to an announcement. Greenoaks led the round whilst existing investors QED Investors, Earlybird Digital East and Eleven Ventures participated.  The news comes with competition among expense management startups in Europe heating up. Spendesk, Soldo and Revolut Business are some of the main players. Last month, Switzerland’s Yokoy raised $26 million from Left Lane. The US market is ruled by the likes of Ramp …