Denmark-based Flatpay, a startup specializing in payment solutions for small and medium-sized businesses, has announced a significant milestone in its growth journey. The company has successfully secured €45 million in a Series B round of funding, marking a pivotal moment for the fintech firm, just two years after its inception in 2022.
This latest funding round was led by London-based Dawn Capital, a prominent investor in B2B software, with participation from Seed Capital based in Copenhagen, along with other strategic investors. Dawn Capital, with its extensive experience and over $2 billion in commitments, has a track record of backing successful companies such as iZettle and Tink.
Flatpay has distinguished itself in the market by offering transparent pricing structures with no hidden fees, catering to the needs of small and medium-sized businesses. Its innovative payment terminal and POS system streamline payment processes and provide valuable sales analytics, empowering merchants to grow their businesses efficiently.
Sander Janca-Jensen, CEO and co-founder of Flatpay, expressed his excitement about the company’s rapid growth and the positive reception from both merchants and investors. He emphasized that the new funding would fuel Flatpay’s expansion into new markets and drive further innovation to support merchants across Europe.
Flatpay’s commitment to customer satisfaction and continuous innovation has led to its rapid adoption by merchants, with a current customer base of 7000 across Denmark, Finland, and Germany. With the additional funding, Flatpay aims to expand its reach into new markets and roll out more products, reinforcing its position as a trusted partner for businesses seeking to optimize their payment processes.
Dawn Capital’s partnership with Flatpay signifies a significant endorsement of the company’s potential to become a leader in financial solutions for merchants. Seed Capital’s continued support further strengthens Flatpay’s position as it embarks on its journey to become a European champion in the fintech space.
Flatpay’s mission to simplify and improve the lives of small businesses remains at the forefront of its operations. With this latest funding round, the company is well-positioned to continue its trajectory of growth and innovation, providing valuable solutions to merchants across Europe and beyond.