Flatpay Raises $169 Million at $1.75 Billion Valuation to Accelerate European Growth

Danish fintech Flatpay has raised $169 million (€145 million) in new funding, lifting its valuation to  $1.75 billion  (€1.5 billion) and marking its arrival among Europe’s fast-growing fintech unicorns.

Founded in 2022, Flatpay provides point-of-sale systems and card-payment terminals for small and medium-sized businesses, charging a fixed per-transaction fee. The model has resonated with merchants looking for cost predictability and simpler onboarding, helping the company grow its customer base from 7,000 in April 2024 to around 60,000 today .

Flatpay’s financial trajectory has been similarly steep. CEO and co-founder Sander Janca-JensenDealroom has a profile for this one. Try Dealroom → said the company crossed €100 million in annual recurring revenue (ARR) in October and is currently adding nearly €1 million in ARR each day . He expects ARR to reach €400–€500 million by the end of 2026, though the company remains unprofitable as it prioritises expansion and customer acquisition.

The newly raised capital will strengthen Flatpay’s presence in its six active markets— Denmark, Finland, France, Germany, Italy and the U.K. —and fund entry into one or two additional countries next year. While Janca-Jensen did not name the next markets, hiring activity suggests the Netherlands is a likely candidate.

Flatpay also plans to significantly increase its workforce, which currently stands at 1,500 employees , with a target to double headcount by the end of next year. The company links personnel growth to revenue forecasts, projecting a tenfold increase in both staff and income by 2029.

Although the company is experimenting with AI-driven tools , including voice-based customer support, Flatpay emphasises simplicity and human interaction as its primary differentiators in a crowded market that includes major players such as Adyen, PayPal, Stripe and SumUp.

Sources:
TechCrunch
Tech.eu
Mezha

J.V.