Fintech Payhawk Seeks $2 Billion Valuation in Funding Round

Payhawk, a Bulgarian startup that helps companies manage spending, is in early discussions to raise new financing that could double its valuation to around $2 billion, according to people familiar with the matter.

The company is in talks to raise more than $100 million, said the people, who asked not to be identified discussing private information. The talks are at an early stage and the financing and valuation figures could change, they said.