Flatpay, a company that streamlines card payments for small and medium-sized businesses (SMBs), has achieved the status of a European fintech unicorn, with a valuation exceeding $1 billion. This milestone puts Flatpay in the league of major fintech players like Adyen, although the company aims to bridge the gap with its recent funding.
Flatpay has identified a niche in the market by offering small merchants a flat transaction rate to utilize its card terminals and point-of-sale systems. Focusing on a segment that represents the majority of European businesses, Flatpay has experienced significant growth, boasting a customer base of approximately 60,000, a substantial increase from 7,000 just a few years ago.
