Payhawk makes our lives easier

Nexo is the world’s leading regulated financial institution for digital assets. Their mission is to maximize the value of digital assets by offering tax-efficient Instant Crypto Credit LinesTM, high-yield Earn on Crypto & Fiat products, and Send & Pay capabilities for our clients, accompanied by the Nexo Account’s top-tier custodial insurance and military-grade security.







Started using Payhawk

November 2019


Company cards

Control and Transparency

Features they love

  • Virtual cards
  • Spend Policies

“Payhawk makes our lives easier, specifically for monitoring who spends what, identifying who needs to upload invoices, and controlling overspending.”

Martin, Finance Director


About Nexo


Nexo created the world’s first Instant Crypto Credit LinesTM, thus resolving a crucial inefficiency in the crypto world: up until 2018, the only way digital asset holders could enjoy their accumulated wealth was by selling their investments, which made them miss out on their future growth. Nexo’s innovative service solves this issue and brings the crypto community the best of both worlds – the ability to retain 100% ownership of their assets while accessing cash instantly. The Instant Crypto Credit LinesTM are an automatic, flexible, and cost-efficient way of obtaining liquidity by borrowing against digital assets rather than selling them. The whole process is completed in just a few clicks. No hidden fees, no capital gains tax, no credit checks.


In the months following Nexo’s launch, the company experienced unprecedented demand from borrowers seeking liquidity through the Instant Crypto Credit LinesTM. Nexo saw this as an opportunity to rise to the challenge and expanded its business model by launching the Earn on Crypto & Fiat suite – a high-yield interest account providing clients with up to 5% interest on cryptocurrencies and up to 10% on stablecoins and fiat. Through the success of the Earn product, Nexo grew its loan book, meeting the high demand from borrowers.


Currently, the Nexo Team is hard at work providing consistently excellent service to our 800K+ users across over 200 jurisdictions and developing the next batch of Nexo services, which will reflect the brand’s affinity for creating first-in-kind products that redesign finance.


What made you look into an expense management system and why did you choose Payhawk?


Nexo is a crypto company, which can sometimes make working with traditional banking partners difficult since their services are not tailored to our specific needs. This is why we started looking into FinTech companies rather than traditional banking institutions.


Initially, we struggled to find a company card provider that would allow us to easily pay for subscriptions, business trips, and more.


“I did a pretty extensive comparison of various companies, and we chose Payhawk because it is an integrated solution, a tool that makes our lives easier, specifically for monitoring who spends what, identifying who needs to upload invoices, and controlling overspending.”


Moreover, their product and customer service met virtually all our needs. Finally, we also believe in supporting one of our own – a flexible and innovative FinTech startup.


The Payhawk Dream


Once we started using Payhawk these are the features we like the most.


  • Spending policies: You can set a spending limit for a group of employees.


  • Real-time notifications for transactions: This feature is handy for tracking down missing documents as you not only see who spends money but also who needs to provide documentation. This saves us a lot of time.


  • Tracking: The ability to track card spending in real-time. The function can also track multiple cards.


  • Virtual cards: The option to issue virtual cards was priceless for our team, especially during the COVID-19 pandemic. We needed to provide a card for one of the company’s founders while he was out of the office and we managed to do so using Payhawk’s virtual card feature.

How was the business during the lockdown?


The crypto world is a bit different from traditional finance. As long as there is demand and more people are getting into crypto, our business keeps thriving. We are growing, even this year, during the pandemic. While there was a contraction in the economy, we paid out a record $6.1M dividend; it was three times the size of last year’s dividend. Nexo is growing, with more users and better services for customers coming every day.

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