Danish fintech Flatpay has become the country’s latest unicorn, after securing $170 million in funding. Flatpay co-founder Rasmus Hellmund Carlsen said Flatpay has become the fastest firm in Denmark to reach unicorn status, reaching the milestone in three years.
Flatpay is now valued at $1.7bn following the funding round, it said, with the latest round led by AVP, the European and North American investor and Smash Capital, the backer of consumer internet and software firms. Other investors in the round were existing investors Hedosophia, Seed Capital, and Dawn Capital.
The Danish fintech, which provides payment software for SMBs, last raised funds in 2024, when it secured a €45m ($52m) Series B round two years after its founding in 2022. Flatpay offers businesses a point of sale and payment solution.
It says its no setup fees for terminals, no subscription fees, flat rate for all card types, alongside its data dashboards, sets it apart from rivals.
Flatpay, which says it has more than 60,000 customers and employs more than 1,500 staff, says it is on track to hit $500m in ARR by the end of next year.
Carlsen added: “Three years ago, Flatpay was an idea shaped by a clear ambition: build a payments company that puts small businesses first — with simple pricing, great service, and a product experience that removes friction rather than adds it.
“Since then, the momentum has been extraordinary. From our early days in Denmark to fast growth in Finland, Germany, Italy, the UK, and France, more than 60,000 merchants now rely on Flatpay every day.”
The funds will be used to expand its presence in European markets, as well as to target new markets.
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