Payhawk reached $100M ARR, achieving Centaur status—a milestone rarer than unicorn status, according to Bessemer.
Originally at $1M ARR five years ago, the company's growth is attributed to restructuring around AI and optimizing its revenue team.
In June, new business grew 159% YoY. Account Executives hit a record 139% quota attainment, while Business Development Representatives achieved 94%.
Payhawk expanded in regions like Benelux, France, Spain, and the UK, and reported significant closed-won records, particularly in the UK.
This was accomplished with a burn multiple of 1.2x, demonstrating efficient financial management.