17 April 2024 – A slew of smaller businesses are entering the market in an attempt to gain more payment business as everyone waits for the $65 billion payments software behemoth Stripe to go public.
In a recent development, Dawn Capital led the €45 million ($47 million) fundraising for Danish startup Flatpay, which develops payment solutions for small and medium-sized physical retailers, including restaurants, hairdressers, and stores.
Prior to this most recent Series B, Flatpay had received just under $21 million; with this additional investment, its valuation has increased to far over $100 million. Along with expanding into new European markets, the business intends to utilize the funds to develop further products in addition to its current line of point-of-sale and card terminals.
Conclusion
According to Sander Janca-Jensen, CEO of Flatpay, some of these solutions may use AI, but solely to enable certain features rather than as a primary service. He said, “We have raised money without using the buzzword AI.” “It appears to be uncommon these days.” Given the scale of the firm and the existing European market, that €45 million represents a solid Series B investment.
Source:Link
