Danish fintech startup Flatpay raises €45M to simplify payment solutions for smaller merchants
Copenhagen-based Flatpay, a startup that builds payment solutions for small and medium-sized businesses, announced that it has secured €45M in a Series B round of funding.
London’s Dawn Capital led the investment with participation from Copenhagen’s Seed Capital and other investors.
According to a LinkedIn post, Flatpay plans to use this funding to further its mission of simplifying and improving the lives of small businesses. It aims to achieve this by developing new products, expanding into new markets, and ensuring customer satisfaction remains a top priority.
POS system and payment solutions for SMEs
Founded in 2022 by Sander Janca-Jensen, Rasmus Busk, Rasmus Hellmund Carlsen and Peter Lüth, Flatpay is a fintech startup that simplifies card payments for small and medium-sized businesses with transparent pricing and no hidden fees.
The startup says, “Our innovative pricing model removes hidden costs and fees, providing a straightforward flat rate for all cards without any monthly subscription for our point-of-sale and payment solutions.”
Operating in Denmark, Finland and Germany, Flatpay aims to become a trusted business partner in optimising payment processes and supporting business growth.
Flatpay offers two products for businesses: a payment terminal that enables efficient and affordable card payments, and an all-in-one POS system that streamlines payments, product management, and sales analytics across all industries.
According to Flatpay, its commitment to 24/7 support, transparent pricing, and ongoing innovation contribute to fostering growth and success for its merchants.
By providing merchants with the latest technology and analytics tools, Flatpay enables businesses to enhance their performance and stay ahead of the curve continually.
Brief about the investors
Dawn Capital is a B2B software investor, with over $2B in commitments. It partners with founders to build the next generation of global software leaders, supporting them with teams, technology, and scalable business models to create “category-defining” companies.
Dawn invests at early stages (Series A and B) and continues funding top-performing companies through growth rounds to exit. Its portfolio includes companies like Mimecast, iZettle (acquired by PayPal), Tink (acquired by Visa), and LeanIX (acquired by SAP), among others.
Seed Capital claims to be Denmark’s largest venture capital fund within the seed segment investing in technology companies. Since its founding in 2004, it has funded and guided numerous companies and made profitable exits, including Trustpilot, Vivino, Templafy, and Endomondo.
In addition to investments, Seed Capital supports portfolio companies by offering management guidance, business development, strategic planning, marketing, and operational, financial, and legal assistance.
