On LinkedIn he commented: “Flatpay is officially the fastest company in Denmark to reach unicorn status - ever.”

Flatpay said the raise has placed its valuation at $1.7 billion. The round was led by AVP, an investor active across Europe and North America, and Smash Capital, which backs consumer Internet and software firms. Hedosophia, Seed Capital, and Dawn Capital also took part in the round as existing investors.

The Danish fintech, which provides payment software for SMBs, last raised capital in 2024 when it secured $52 million Series B round two years after its founding in 2022. 

Flatpay offers two products for businesses: a payment terminal that enables efficient and affordable card payments, and an all-in-one point-of-sale system that streamlines payments, product management, and sales analytics. It claims its lack of setup fees for terminals, absence of subscription charges, a flat rate for all card types, and the inclusion of data dashboards sets it apart from rivals.

Flatpay, which apparently has more than 60,000 customers and employs more than 1,500 staff, added that it remained on course to reach $500 million in ARR by the end of next year.

Busk continued his post: “We started this company only 3.5 years ago with a simple idea and an insane amount of belief – belief that small businesses deserved better. Better payment solutions and software systems. More transparency and better service.

“No playbook. No shortcuts. Just a team of people who cared deeply and refused to slow down.

“Seeing Flatpay reach unicorn status this fast is a testament to the grit, heart, and ambition of everyone on this journey.”

Flatpay will use this latest funding round to continue expanding across Europe, and to target new markets.

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