Danish Startup Flatpay Hits Unicorn Status
Danish Startup Flatpay Joins the Club of European Fintech Unicorns Danish startup Flatpay has officially joined the ranks of European fintech unicorns, reaching a valuation of €1.5 billion ($1.75B) in just three years. Focused on simplifying card payments for small and medium-sized businesses (SMBs), Flatpay’s innovative approach has attracted around 60,000 merchants, up from 7,000 in April 2024. Investors are betting that this flat-fee, merchant-focused model can challenge bigger payment giants like Adyen. Image Credits:Flatpay How Did Danish Startup Flatpay Achieve Unicorn Status? Flatpay’s fast rise stems from a clear focus on SMBs, which make up 99% of European businesses. By offering flat transaction rates for its card terminals and point-of-sale systems, Flatpay has driven rapid adoption. CEO Sander Janca-Jensen highlights that annual recurring revenue (ARR) recently crossed €100 million ($116 million) and is growing at nearly €1 million daily. Strategic funding rounds totaling €145…
