Danish Startup Flatpay Hits Unicorn Status

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…