Payhawk is officially Bulgaria’s first unicorn

Re:Payhawk is officially Bulgaria’s first unicorn by artemonster on Tuesday March 01, 2022 @05:41AM (#30512417)

I am out of the loop: why we need so many payment processors? Why they can raise so much money and immediately valued so high? What is that they provide so valuable what is not provided anywhere else?

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Re:Payhawk is officially Bulgaria’s first unicorn by m12k on Tuesday March 01, 2022 @06:19AM (#30512731)

I think it means the existing payment market is so massively profitable that you can undercut them and still make a killing.

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Re:Payhawk is officially Bulgaria’s first unicorn by seer on Tuesday March 01, 2022 @06:35AM (#30512875)

I don't think Payhawk are a payment processor, they use MasterCard under the hood. They are more like aggregator and analytics for corporate payment accounts.

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Re:Payhawk is officially Bulgaria’s first unicorn by xgb84j on Tuesday March 01, 2022 @05:53AM (#30512509)

I was wondering the same thing! I always assumed that payment processing was one of the most "winner-takes-it-all" business models out there.

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Re:Payhawk is officially Bulgaria’s first unicorn by heftig on Tuesday March 01, 2022 @06:24AM (#30512785)

I guess one reason is that initial growth of online service providers (and especially payment processing) is often driven by sex-related use, e.g. sex work or art.

If the provider becomes "mainstream enough", these uses then get banned to satisfy investors, key customers and upstream services, driving the demand to the next startups.

PS: Or rather, were always banned from the start, but enforcement was lax until they were no longer an important part of the customer base.

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Re:Payhawk is officially Bulgaria’s first unicorn by urthor on Tuesday March 01, 2022 @06:26AM (#30512802)

It's not about marginal utility, it's about the revenue model.

Very easy to monetize a payments platform.

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