Danish paytech Flatpay bags €45m in Series B funding
Flatpay, a Copenhagen-based payments solutions provider for SMEs, has secured €45 million in a Series B funding round.
Flatpay raises €45 million in a Series B funding round
The investment round was led by London-headquartered venture capital firm Dawn Capital, which claims to be Europe’s largest specialist B2B software investor, alongside participation from Seed Capital Denmark and other backers.
The paytech, which is now valued at over €100 million, is to leverage the funding to expand into new markets across Europe, scale its workforce, and further develop its product suite.
Since 2022, Flatpay has sought to simplify card payments for SMEs by offering point-of-sale and card terminal hardware with no subscription or set-up fees, thereby claiming its pricing model eliminates hidden costs.
Last month, the paytech launched its latest product offering, an e-commerce payments solution, initially slated to debut in Denmark before expanding into other markets.
The €45 million recent cash injection adds to a €15 million Series A raised last year, which Flatpay used to fund its expansion in Denmark and Finland, as well as its entry into the German market.
