Flatpay - a company providing card payment solutions for small and medium-sized enterprises with rapid growth, helps the company become a notable name alongside big rivals such as: Adyen is currently leading the payment processing market.
Flatpay develops thanks to the fixed transaction fee collection model, aiming for the group of enterprises that account for the majority of the number in Europe. The company has reached 60,000 customers, a sharp increase compared to 7,000 in April. Annual revenue also exceeded 100 million euros in October and continued to increase by about 1 million euros per day.
To maintain the expansion pace, the company has just successfully raised 145 million euros in new capital from AVP Growth, Smash Capital and Dawn Capital. The investment helps Flatpay consolidate operations in Denmark, Finland, France, Germany, Italy and the UK and prepare to enter new markets next year.
The company currently has 1,500 employees and aims to double the workforce by the end of next year, in order to accompany the revenue growth plan to 400 - 500 million euros. Flatpay believes that direct approach, meeting corporate customers and providing clear, easy-to-use solutions are factors that help them expand quickly in a competitive market.
Despite high customer access costs, this model is still supported by investors thanks to the company's 3-digit growth. Flatpay is also testing real-time features applying AI and preparing to launch a new set of banking products such as cards and accounts, aiming to support businesses to handle each need simply and effectively.
