FarPay

FarPay is a Danish financial technology startup founded in 2014, offering a seamless integration from accounting systems to payment solutions, making it easy for customers to pay. The company provides plug-n-play cloud solutions, allowing businesses to access various payment solutions, including BS and MobilePay, without making any changes to existing systems. Currently, over 100 businesses, accountants, and associations utilize FarPay, which acts as an invisible engine, handling all requirements and payments between the accounting program and customers. Businesses often face the challenge of managing multiple payment solutions for customers, which involves manual work, consumes time, and increases the risk of errors. FarPay simplifies and streamlines these manual processes by automatically handling outgoing invoices and claims, distributing them between payment solutions while ensuring correct formatting and timing. The unique aspect of FarPay's solution lies in its ability to handle all payment data from the accounting program in a format that can be sent out to various payment forms for customers. Notably, FarPay offers a standout feature, allowing for the quick and easy enrollment in additional payment solutions, such as MobilePay, once the platform is set up. The company's platform grants access within five minutes, without the need for installations. Not requiring a time-consuming and costly technical integration, FarPay stands out as a swift and convenient payment solution switcher. FarPay's automation of manual processes translates to significant resource savings for accountants and auditors, enabling them to serve more clients by freeing up time and reducing the risk of errors. While FarPay's last investment and investors are not specified, its innovative approach to simplifying payment solutions and enhancing operational efficiency presents an attractive opportunity for potential investors in the financial services and payments industry.