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Danish Payment Firm Flatpay Doubles Staff in Less Than a Year
🇰🇷 South Korea /Economy & Trade

Danish Payment Firm Flatpay Doubles Staff in Less Than a Year

From Dong-A Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

Press release Named sources New plan
  • Danish payment solutions provider Flatpay has doubled its workforce in under a year, hiring over 100 new employees monthly.
  • Founded in 2022, the company now serves over 100,000 customers across seven European countries and achieved unicorn status with a valuation of 1.5 billion euros.
  • Flatpay attributes its rapid growth and high employee satisfaction to a strong work culture emphasizing respectful treatment and dignity, with a zero-tolerance policy for disrespectful management.

The Danish fintech company Flatpay, which specializes in payment solutions for small and medium-sized businesses, has experienced remarkable growth, doubling its employee count in just ten months. The company announced it has hired over 100 new staff members each month during this period, bringing its total workforce to over 2000 employees.

A large part of our success is quite simply because we treat each other properly.

— Sander Janca-JensenSander Janca-Jensen, CEO and founder of Flatpay, explained the importance of company culture for their growth.

Established in 2022, Flatpay has rapidly expanded its customer base to over 100,000 businesses. Its services are now available in Denmark, Finland, Germany, France, Italy, the Netherlands, and the United Kingdom. This rapid expansion and market penetration led to the company achieving unicorn status last year, with a valuation of 1.5 billion euros (over $1.7 billion USD).

We are very proud of that. I have worked in all sorts of other companies for the last 25 years, and this is the highest I have been involved in delivering.

— Rasmus BuskRasmus Busk, co-founder of Flatpay, expressed pride in the company's high employee satisfaction scores.

Sander Janca-Jensen, CEO and founder of Flatpay, emphasized the critical role of the company's work culture in its success. He stated that treating each other properly is a significant factor in their growth. This focus on a positive internal environment is further elaborated by co-founder Rasmus Busk.

Fundamentally, we want our leaders to be respectful and treat our employees with dignity.

— Rasmus BuskRasmus Busk described the core values guiding Flatpay's leadership.

Buske highlighted that Flatpay consistently conducts employee surveys to monitor well-being. The company's engagement score, a measure of employee satisfaction, regularly scores high. A recent survey in May, with 1049 respondents, showed that 86% rated Flatpay as a five-out-of-five workplace. Busk attributes this success to a combination of fair conditions and a strong culture, stressing that leaders must be respectful and treat employees with dignity, with a firm policy of dismissal for those who fail to do so.

We fire them if they cannot or do not do it, and we have examples that we have done so. We are quite uncompromising there.

— Rasmus BuskRasmus Busk stated the company's strict policy regarding disrespectful management.
DistantNews Editorial

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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