Copenhagen-based Flatpay, a startup that builds fee options for small and medium-sized companies, introduced that it has secured €45M in a Sequence B spherical of funding.
London’s Daybreak Capital led the funding with participation from Copenhagen’s Seed Capital and different buyers.
Based on a LinkedIn publish, Flatpay plans to make use of this funding to additional its mission of simplifying and bettering the lives of small companies. It goals to attain this by creating new merchandise, increasing into new markets, and making certain buyer satisfaction stays a high precedence.
POS system and fee options for SMEs
Based in 2022 by Sander Janca-Jensen, Rasmus Busk, Rasmus Hellmund Carlsen and Peter Lüth, Flatpay is a fintech startup that simplifies card funds for small and medium-sized companies with clear pricing and no hidden charges.
The startup says, “Our revolutionary pricing mannequin removes hidden prices and costs, offering a simple flat price for all playing cards with none month-to-month subscription for our point-of-sale and fee options.”
Working in Denmark, Finland and Germany, Flatpay goals to grow to be a trusted enterprise accomplice in optimising fee processes and supporting enterprise progress.
Flatpay presents two merchandise for companies: a fee terminal that permits environment friendly and inexpensive card funds, and an all-in-one POS system that streamlines funds, product administration, and gross sales analytics throughout all industries.
Based on Flatpay, its dedication to 24/7 assist, clear pricing, and ongoing innovation contribute to fostering progress and success for its retailers.
By offering retailers with the newest expertise and analytics instruments, Flatpay allows companies to reinforce their efficiency and keep forward of the curve frequently.
Transient concerning the buyers
Daybreak Capital is a B2B software program investor, with over $2B in commitments. It companions with founders to construct the following technology of worldwide software program leaders, supporting them with groups, expertise, and scalable enterprise fashions to create “category-defining” corporations.
Daybreak invests at early levels (Sequence A and B) and continues funding top-performing corporations via progress rounds to exit. Its portfolio contains corporations like Mimecast, iZettle (acquired by PayPal), Tink (acquired by Visa), and LeanIX (acquired by SAP), amongst others.
Seed Capital claims to be Denmark’s largest enterprise capital fund inside the seed section investing in expertise corporations. Since its founding in 2004, it has funded and guided quite a few corporations and made worthwhile exits, together with Trustpilot, Vivino, Templafy, and Endomondo.
Along with investments, Seed Capital helps portfolio corporations by providing administration steerage, enterprise improvement, strategic planning, advertising and marketing, and operational, monetary, and authorized help.