About Flatpay

Flatpay provides Point of Service (POS) and payment processing solutions for small and medium-sized merchants, featuring a flat rate on all card transactions and no hidden fees. The platform simplifies payment flows and ensures daily settlements, enabling businesses to access their funds quickly and efficiently.

```xml <problem> Many small and medium-sized businesses face challenges with complex and opaque payment processing fees, making it difficult to predict and manage costs. Traditional POS systems often come with hidden charges, monthly fees, and varying rates for different card types, leading to financial uncertainty. </problem> <solution> Flatpay offers transparent and affordable POS and payment solutions designed to simplify payment processing for merchants. The platform provides a flat transaction rate for all card types, eliminating hidden fees and unexpected charges. Flatpay's solutions include payment terminals, basic and premium POS systems, and online payment integrations, all supported by 24/7 customer service and daily settlements. The system automatically uploads transactions and Z-reports directly to the business's bookkeeping system. </solution> <features> - Flat transaction rate for all card types, including international and corporate cards - No monthly fees or hidden charges - 24/7 customer support via email and phone - Daily settlements for improved cash flow - Real-time data and transaction insights through a merchant portal - Integration with various e-commerce platforms via API key - EMV-certified PAX A920 Pro payment terminals with Wi-Fi and 4G connectivity - Basic POS system with a Lenovo M10 tablet, external printer, and cash drawer - Premium POS system with a 15.6" touch screen, built-in printer, and customer-facing display - Software features include product and category management, tables management, split bill functionality, and customizable interface </features> <target_audience> Flatpay primarily targets small and medium-sized merchants across various industries, including retail, restaurants, and e-commerce, who seek transparent, cost-effective, and user-friendly payment processing solutions. </target_audience> <revenue_model> Flatpay generates revenue through a flat transaction fee on card payments, with custom rates available for businesses processing over 200,000 EUR annually. Additional revenue comes from the upfront cost of POS hardware. </revenue_model> ```

What does Flatpay do?

Where is Flatpay located?

Flatpay is based in Haderslev, Denmark.

When was Flatpay founded?

Flatpay was founded in 2021.

How much funding has Flatpay raised?

Flatpay has raised 53670000.

Location

Haderslev, Denmark

Founded

2021

Funding

53670000

Employees

283 employees

Major Investors

Dawn Capital

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Flatpay

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Executive Summary

flatpay.com 7K+

Crunchbase

Founded 2021 – Haderslev, Denmark

Funding

Estimated Funding

$50M+

Major Investors

Dawn Capital

Team (250+)

No team information available.

Company Description

Problem

Many small and medium-sized businesses face challenges with complex and opaque payment processing fees, making it difficult to predict and manage costs. Traditional POS systems often come with hidden charges, monthly fees, and varying rates for different card types, leading to financial uncertainty.

Solution

Flatpay offers transparent and affordable POS and payment solutions designed to simplify payment processing for merchants. The platform provides a flat transaction rate for all card types, eliminating hidden fees and unexpected charges. Flatpay's solutions include payment terminals, basic and premium POS systems, and online payment integrations, all supported by 24/7 customer service and daily settlements. The system automatically uploads transactions and Z-reports directly to the business's bookkeeping system.

Features

Flat transaction rate for all card types, including international and corporate cards

No monthly fees or hidden charges

24/7 customer support via email and phone

Daily settlements for improved cash flow

Real-time data and transaction insights through a merchant portal

Integration with various e-commerce platforms via API key

EMV-certified PAX A920 Pro payment terminals with Wi-Fi and 4G connectivity

Basic POS system with a Lenovo M10 tablet, external printer, and cash drawer

Premium POS system with a 15.6" touch screen, built-in printer, and customer-facing display

Software features include product and category management, tables management, split bill functionality, and customizable interface

Target Audience

Flatpay primarily targets small and medium-sized merchants across various industries, including retail, restaurants, and e-commerce, who seek transparent, cost-effective, and user-friendly payment processing solutions.

Revenue Model

Flatpay generates revenue through a flat transaction fee on card payments, with custom rates available for businesses processing over 200,000 EUR annually. Additional revenue comes from the upfront cost of POS hardware.