Top 6 Payhawk alternatives for 2025

If you’re ready to spread your wings and take a new spend management platform in your talons, this article is the perfect place to start. 

We’ll run through the pros and cons of Payhawk, highlight some alternatives and their best use cases, and make things as clear as possible by comparing features across all providers.

Let’s fly the Payhawk nest and discover an alternative that offers all the features you need (and maybe even more).

What is Payhawk?

Payhawk is a B2B spend management platform that says it gives companies “unparalleled spend control delivered with intelligence”.

The product includes a suite of financial management tools for businesses, from company cards and expense management to procurement and multi-entity management. It’s also regularly adding automations and AI features to speed up user workflows.

We’ve written a dedicated guide to understanding spend management, if you want to brush up on anything.

Why look for a Payhawk alternative in 2025?

Some of the reasons Payhawk users are considering other providers include:

• Not available for micro-enterprises (<10 employees and turnover/annual balance sheet <€2 million) or small charities in the UK

• High costs (special offer of £149/month for small businesses represents an 85% discount)

• Enterprise-focus, leaving small and medium businesses underserved

• High learning curve, due to enterprise-scale features

• Some users complain about undercommunication, while some prospects complain about overcommunication (via TrustPilot).

• Cards are available in only six currencies (EUR, GBP, USD, BGN, PLN, and RON).

What to look for in a Payhawk competitor

Payhawk does a lot of things well, so as a starting point, you’ll want to find an alternative that can do many of the same things:

• Company card issuance (in multiple currencies), both physical and virtual

• Multi-entity management

• Accounts payable and other procurement features

• Expense management, from receipt submission through to in-platform reimbursement

• Integrations with accounting, HR, and ERP software

• Truly global coverage for growing businesses

• Real-time visibility of cards, expenses, and accounts payable

On top of that, you should look for:

• Local payment rails for worldwide reimbursements

• Multi-layered approval flows and policy setting

• Transparent pricing

• Lower pricing, ideally on a per-user basis

• Low FX fees and fair, low margins on any exchanges

Of course, you’ll have your own specific wants and needs of a spend management tool. We’ll explain how to choose the right platform for your company shortly, but, first, let’s look at some alternatives to Payhawk.

Top Payhawk alternatives in 2025

Let’s take a flying look at some alternative vendors, then go into a closer comparison of them all side-by-side.

Airwallex

The global financial platform for growing businesses, spend management is just one of multiple financial infrastructure services we offer. On top of our full suite of spend tools, we also offer multi-currency business accounts, payment processing, and embedded finance.

Ideal use case: Growing businesses with an international footprint, with plenty of additional expense management functionality as your business matures.

Soldo

This platform is focused on pre-paid, authorised, and open spend cards for teams. While it does offer spend management features, the proposition leads with expense cards above all else.

Ideal use case: Businesses with a large amount of decentralised spend.

Pleo

Pleo is a common option across Europe; with its specialism being expense cards. For smaller businesses with regular employee expenditure, Pleo makes a lot of sense, though fast-scaling companies may need more functionality.

Ideal use case: Small businesses that want a flexible way to manage spend.

Ramp

Ramp provides a full-service spend management solution – from company cards to travel booking and procurement processing.

Ideal use case: Businesses that want a simple approach to their finance tech stack.

Emburse

Emburse claims to be in the business of “expense intelligence”. This includes features like expense management, travel bookings, payments, and data reporting. Spend management by another name.

Ideal use case: Large companies with proactive, data-driven finance teams.

Revolut Business

You most likely know Revolut for its accounts (both consumer and business), but this fintech darling does a lot of other things – including expense management.

Ideal use case: Existing Revolut users, as it’s included free with all paid business plans. Out-of-plan fees apply based on usage.

We’ve written a separate article looking at six of the top spend management providers in the UK, if you want to review a few other options.

Comparison table: Payhawk vs top competitors

You’ll know your own criteria for comparing Payhawk alternatives, but we want to give you a starting point. In the table below, you can find some important points of comparison that should help you start to form a picture of what each provider offers.

How to choose the best Payhawk alternative for your business

Now that you’ve got an idea of the alternatives to Payhawk, the real challenge begins. How do you work out which is the best option for you?

You can ask a few questions of your company and requirements to start a process of elimination that, while potentially not offering one clear winner, will help you narrow down the options.

Questions to ask

1. Does my company need – or will need – global currency support or just domestic spend control?

2. Can we use the software out of the box or do we need API access?

3. What accounting software/finance tools do we already use? Do they integrate with this spend management platform?

4. Are we going to scale into new markets or carry on operating locally?

5. What are our three biggest expense centres? How can a spend management tool optimise these costs? (e.g. cashback offers, card types, spending limits)

Once you’ve answered these questions, you’ll have a priority list of features and services. If a vendor doesn’t meet those criteria, you can look elsewhere.

Why businesses choose Airwallex over Payhawk

For Airwallex customers, the choice vs. Payhawk was clear: Almost all the same spend management features, plus much more financial infrastructure wrapped up in the same package.

If your company does even 1% of its business internationally – whether with suppliers, customers, or both – Airwallex is going to be worth your attention. As well as our fully fledged spend management solution, an Airwallex account gets you:

• Multi-currency business accounts – so you can do business like a local all over the world.

• Low-cost FX and transfers – for when you want to change currencies and keep as much as possible.

• Payment acceptance – from online checkouts to smart invoicing.

• Embedded finance – so you can provide financial products to your customers.

Spend some time and find the right spend solution

There’s no denying that Payhawk is a suitable choice for some businesses. Your company isn’t ‘some’ business, though – it’s unique, with specific requirements and needs that Payhawk may not be able to meet.

Rather than settle for second-best (or most-expensive), you can take an empowered step and start searching for something better. We hope this article helps you take that first step on the path to the best possible spend management tool.

The ROI on the right tool can be astonishing, so this is a process that’s worth putting some time into. On the other side of this search is a streamlined, cost-saving, headache-preventing spend management solution. We’re excited for you to find it!

Disclaimer, references, and sources: We wrote this article in Q3 2025. The information was based on our own online research and we were not able to manually test each tool or provider. The information is provided for educational purposes only and a reader should consider the specific requirements of their business when evaluating providers. This research is reviewed every six months. If you would like to request an update, feel free to contact us at [email protected].

1. https://www.airwallex.com/uk/spend-management/cards

2. https://www.airwallex.com/uk/pricing

3. https://www.soldo.com/en-gb/pricing/

4. https://www.soldo.com/en-gb/product/money-management/

5. https://www.soldo.com/en-eu/prepaid-card/prepaid-currency-cards/#:~:text=Soldo%20Mastercard%C2%AE%20cards%20have,when%20your%20team%20needs%20it

6. https://www.pleo.io/en/lp/prices

7. https://help.pleo.io/en/support/solutions/articles/103000355551-use-multi-currency-in-your-account

8. https://www.pleo.io/en/lp/prices

9. https://ramp.com/pricing

10. https://ramp.com/corporate-cards

11. https://support.ramp.com/hc/en-us/articles/360052663873-Foreign-transaction-fees

12. https://www.emburse.com/uk/solutions/expense-management

13. https://www.emburse.com/uk/solutions/global-reimbursements

14. https://www.revolut.com/business/business-account-plans/

15. https://www.revolut.com/business/cards/

16. https://help.revolut.com/help/wealth/exchanging-money/how-much-does-it-cost-to-make-an-exchange/will-i-be-charged-for-exchanging-foreign-currencies/