Saravutvanset | Room | Getty ImagesAMSTERDAM, Netherlands — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the U.S. and take on big players in the space like SAP and venture-backed firms Brex and Ramp. "We see an opportunity to have much better unit economics in this business," Borisov told CNBC at the Money 20/20 conference in Amsterdam, Netherlands, this week. Payhawk is a corporate spend management platform that issues smart cards for clients' employees to make payments and keep track of their expenses. Consolidation the name of the gamePayhawk recorded huge growth in the first quarter, the company told CNBC. Now, Payhawk wants to grow its U.S. footprint in a big way — and M&A will be a key to unlocking that growth, according to Borisov.

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Persons: Hristo Borisov, Borisov, Payhawk, we're Organizations: Getty Images, CNBC, American Express Locations: Getty Images AMSTERDAM, Netherlands, U.S, Amsterdam