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Danish startup FlatPay joins the club of European fintech unicorns to track
Yahoo Finance· 2025-11-17 07:45
Core Insights - Flatpay has achieved unicorn status with a valuation of €1.5 billion ($1.75 billion) in just three years, positioning itself among European fintech leaders [1][3] - The company focuses on small and medium-sized businesses (SMBs) by offering a flat transaction rate for card payments, which has led to rapid customer growth from 7,000 to approximately 60,000 [2][3] - Flatpay aims to significantly increase its annual recurring revenue (ARR) from €100 million ($116 million) to between €400 million and €500 million by 2026, supported by a recent funding round of €145 million ($169 million) [4][5] Company Growth and Strategy - The newly raised capital will facilitate growth in existing markets (Denmark, Finland, France, Germany, Italy, and the U.K.) and potential expansion into new markets, with the Netherlands being a likely candidate [5] - Flatpay plans to double its workforce from 1,500 to 3,000 by the end of next year, emphasizing that employee growth is as crucial as revenue growth [6] - The company's sales strategy involves direct engagement with SMB owners, showcasing its solutions through in-person demonstrations [7]