Copenhagen-based fintech startup Flatpay has secured a significant €45M Series B funding round led by Dawn Capital, a seasoned investor with a track record of backing successful fintech companies like Tink and iZettle. Seed Capital and other investors also participated in this round. Flatpay distinguishes itself by offering SMBs payment software with no setup fees for terminals, no subscription fees, and a flat rate for all card types, along with comprehensive data dashboards. This funding will be instrumental in driving Flatpay’s product development, facilitating its expansion into new markets, and fueling the rapid scaling of its team.
Founded in 2022, Flatpay is a fintech startup committed to transparency in card payment solutions for small and medium-sized businesses (SMBs). The company’s innovative pricing model eliminates hidden costs and fees, offering a straightforward flat rate for all cards and no monthly subscription fees for its point-of-sale and payment solutions. Operating in Denmark, Finland, and Germany, Flatpay positions itself as a trusted business partner, not just a service provider, aiming to streamline and simplify the payment process for its clients.
“We are thrilled to see how well we have been received by merchants in all our markets and to see how our rapid growth journey has resonated with investors. We have already transformed the payment and POS experience for merchants in Denmark, Finland, and Germany, and this fresh funding will fuel our geographical expansion into new markets and help us innovate further and help merchants across Europe grow their businesses.” Sander Janca-Jensen, Flatpay CEO and co-founder, says, “We are delighted to be partnering with the experienced team at Dawn Capital along with our existing investors at Seed Capital as we pursue this growth journey. They are the expert investors in our space, and their support will be invaluable as we scale, and we look forward to working closely with them to build Flatpay into a truly European champion of financial solutions for merchants.”
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