Payhawk and Curve launch a guide on how FinTechs work alongside the financial services sector

By Joy Dumasia

Payhawk, the growing platform that combines expense, payment and invoice management in one solution, and Curve, the fast-growing financial super app, announce Fintechs and Big Banks: How innovation is shaping finance for businesses and consumers, a guide on how FinTechs work alongside the established financial services sector, and in particular banks, to offer greater trust and value to both businesses and consumers.

Fintechs and Big Banks: How innovation is shaping finance for businesses and consumers was written by experts from both Payhawk and Curve who wanted to deliver a resource that can educate and inform readers; explaining how FinTechs and traditional financial firms can work together and summarising the main regulations that enable FinTechs to thrive. It uses case studies from both Payhawk (B2B) and Curve (B2C) to demonstrate the benefits that FinTech offers to both customers and the individual economy.

Fintechs and Big Banks: How innovation is shaping finance for businesses and consumers shares information on how FinTechs fit within the wider financial system, regulations relating to financial technology, and two case studies of FinTechs working alongside banks. Company case studies featured in the guide include Payhawk clients GtmHub, Viking Life and ATU, and Curve partners Samsung, Huawei and Swatch.

The guide is aimed at companies and consumers who want to educate themselves on the FinTech sector and understand how both streams work together to create innovation and build trust. The ebook is now accessible via the Payhawk website.

Hristo Borisov, CEO and Co-Founder of Payhawk, said: “We are delighted to partner with Curve to deliver a practical resource that benefits companies adopting FinTech solutions in order to drive their businesses forward, as well as consumers who wish to know more about the systems that influence their financial lives. Payhawk and Curve share a purpose: to empower our customers to understand and control their finances. Therefore whilst it is important to offer a product solution, it is also of paramount importance to provide accessible and informative education too.”

Shachar Bialick, CEO and Founder of Curve, said: “As a platform, Payhawk works in a similar way to Curve, joining the dots between different parts of the financial system in a way that greatly benefits the customer. Curve is the financial super-app that helps customers take control of their financial lives. Whilst we work for consumers, Payhawk has extensive knowledge of how to simplify payments for business clients. So it made sense for us both to partner, to share what works with companies and to give a broad view of FinTech across industries.”

IBS Intelligence recently reported that Payhawk, the payment and expense solution with offices in London, Sofia, Berlin, and Barcelona, has raised $100 million to extend its Series B round to $215 million. The Series B extension means that the company hits a valuation of $1 billion, making Payhawk the first-ever Bulgarian company to achieve unicorn status.