Flatpay secures 45 million euros in Series B

Investor confidence for Flatpay: Led by Dawn Capital, Flatpay secured huge funding in its latest financing round to further advance its payment solution for merchants.

Copenhagen, April 17, 2024 - Flatpay, a Danish fintech company, has raised 45 million euros in its Series B funding round. The startup's goal is to expand its offering, grow its international presence and hire additional professionals.

Series B financing round led by Dawn Capital

The Series B financing round was led by Dawn Capital, a leading B2B software investor in Europe that has already invested in successful fintech companies such as iZettle and Tink. Other investors such as Seed Capital and others also participated, including German soccer player Mario Götze.

Sander Janca-Jensen, CEO and co-founder of Flatpay

Expansion and innovation

Flatpay was founded in 2022 and quickly established itself in Denmark, Finland and Germany. Since its launch in Germany in June 2023, the company has already supported over 1,000 German merchants with almost 100 local employees and plans to double its workforce by the end of the year.

The product is groundbreaking for small and medium-sized merchants who need transparent and affordable payments and want to be spared the hidden costs and fees charged by incumbent providers.

Josh Bell, General Partner at Dawn Capital

Business model

Flatpay offers merchants a POS and payment solution with transparent and fixed fee structures for card payments. Unlike traditional providers, which often charge variable fees and additional costs, Flatpay sets clear pricing, giving merchants better cost control. Through daily payouts and clear dashboards, Flatpay offers high liquidity and transparency in financial management. These features make Flatpay an attractive option for merchants looking for a reliable and cost-effective payment solution.

New products and services

Flatpay has recently launched an integrated POS solution which has been met with great interest from customers. The company also plans to launch a low-cost payment solution for online merchants in Denmark, which will soon be available in all markets. With the support of the investors, Flatpay plans to expand its team and develop new products and services to further improve payment and financial management for merchants.