Flat payA Danish fintech startup specializing in payment software for small and medium-sized businesses (SMBs) has successfully raised €45M in Series B funding. This significant investment comes just two years after the company was founded in 2022.

Led by Dawn Capital, a prominent venture capital firm with a track record of backing successful startups like Tink and iZettle, the funding round also saw participation from seed capital and other investors.

Flatpay's unique proposition in the market includes offering no setup fees, no subscription fees, and flat rates for all card types for terminals, with intuitive data dashboards for merchants. This approach has gained significant traction among merchants in Denmark, Finland and Germany, where FlatPay currently operates.

The newly raised funds will help Flatpay further improve its product offerings, expand into new markets, and grow its team to meet growing demand. Co-founder and CEO Sander Janca-Jensen expressed excitement about the company's rapid growth pace and the opportunity to further innovate with the support of investors.

With Dawn Capital's extensive experience in the fintech space and the continued support of Seed Capital, FlatPay aims to consolidate its position as a leading provider of financial solutions for merchants across Europe. This latest funding round marks a significant milestone in FlatPay's journey to become a prominent player in the European fintech landscape.