FarPay
FarPay is a Copenhagen-based fintech that provides cloud-based Invoice-to-Cash SaaS for Danish businesses, automating invoicing, multi-rail payment collection, dunning, and accounting reconciliation across every major Danish payment method and ERP system.
- Company typePrivate
- Founded2016
- HeadquartersCopenhagen, Denmark
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What FarPay does
FarPay is a Copenhagen-based fintech that operates a cloud-based Invoice-to-Cash SaaS platform automating the full accounts-receivable workflow for Danish businesses—from invoice creation and multi-channel delivery through payment collection, automated dunning, and reconciliation into accounting systems. The platform supports every major Danish payment rail (MobilePay, Betalingsservice, Leverandørservice, Nets, card payments, Apple Pay, Google Pay, PayPal, Mastercard Open Banking, FI-kort) and connects natively to the dominant Danish and Nordic accounting/ERP stacks: e-conomic (Visma), Microsoft Dynamics 365 Business Central/NAV/F&O, Zenegy Numbers, plus subscription platforms Younium and Aria Systems via an open REST API and webhook-based event delivery conforming to the Standard Webhooks specification. Underlying architecture includes SFTP batch exchange, OIOUBL and OIOUBL-UTS file handling for Danish e-invoicing, and a documented developer portal at api.farpay.io.
The company serves 1,500+ customers across energy, media, insurance, logistics, professional services, fintech, housing, and trade unions—including enterprise references such as EWII, Krifa, Berlingske, Cibicom, Quickpay, TÜV SÜD Domutech, AAB, and ALD/LeasePlan—and reports customer outcomes such as 99.9% error-free bookkeeping and tens of thousands of monthly invoices processed per account without manual follow-up. FarPay operates a subscription/SaaS revenue model priced in DKK with modular add-ons, distributes through a hybrid self-serve (14-day free demo, no credit card) and sales-assisted motion, and is ISO/IEC 27001 and ISO/IEC 27701 certified. In November 2025, the company was acquired by Dutch fintech POM Group with backing from Vortex Capital Partners, positioning it for expansion beyond Scandinavia into broader European markets while continuing to operate as an independent brand headquartered in Denmark.
FarPay firmographics
Firmographics- Name
- FarPay
- Legal name
- FarPay ApS
- Website
- https://farpay.io
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FarPay is a Copenhagen-based fintech that provides cloud-based Invoice-to-Cash SaaS for Danish businesses, automating invoicing, multi-rail payment collection, dunning, and accounting reconciliation across every major Danish payment method and ERP system.
- Ownership category
- akta.pro rank
FarPay industry classification
Industry- Product category
- Accounts Receivable Automation
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Prepackaged Software (7372), Finance Services (6199)
- akta.pro primary industry
- Recurring Billing & AutoPay Management (FSAMAJAE)
- akta.pro secondary industries
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
Keywords
Where FarPay is headquartered
LocationHeadquarters
- HQ city
- Copenhagen
- HQ country
- Denmark
- HQ region
- Europe
Offices1 record
Markets served
FarPay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription / SaaS Fees: FarPay operates on a subscription basis where pricing depends on the chosen plan and optional add-on modules, products, and services. Prices are in Danish Kroner (DKK) and exclude VAT. Subscription fees are invoiced monthly in advance, while usage-based charges are invoiced in arrears. Annual billing and price-change notices are provided with one month's notice to the end of a calendar month. The company was acquired by Dutch POM Group in late 2025, continuing as an independent brand.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | 14-day free demo — no credit card required, with access to core invoicing, payment, and dunning features. |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
FarPay product offering
Product offeringCore offering
FarPay is a cloud-based SaaS platform that automates the full invoice-to-cash process for Danish businesses — from invoice creation and multi-channel delivery through payment collection across all Danish payment methods (MobilePay, Betalingsservice, Leverandørservice, card, Apple Pay, Google Pay, PayPal, Open Banking), automated dunning/reminders, and direct reconciliation with accounting systems (e-conomic, Microsoft Dynamics 365, Zenegy Numbers). The platform serves as a unified receivables automation layer with native ERP integrations, an open REST API, and a strategic e-Boks distribution partnership, currently used by 1,500+ Danish businesses including EWII, Quickpay, Krifa, Berlingske, and DM Greenkeeping.
Product overview
FarPay is a unified invoice-to-cash automation platform that combines five core modules—Fakturering (Invoicing), Betaling (Payment), Rykkere (Collection/Dunning), Bogføring (Accounting), and Indsigt og overblik (Insights)—into a single integrated solution for accounts receivable automation. The platform automates the entire billing lifecycle from invoice creation and multi-channel delivery through payment collection, automated dunning, and accounting reconciliation. FarPay provides native integrations with major accounting systems (e-conomic, Microsoft Dynamics 365, Zenegy Numbers) and subscription platforms (Younium, Aria Systems), while offering access to all Danish payment methods including MobilePay, Betalingsservice, Leverandørservice, card payments, Apple Pay, Google Pay, PayPal, and Open Banking via Mastercard. The platform is offered as a cloud-based SaaS with an open API for custom integrations.
Differentiator
Problem solved
Functional benefit
Products and services
- Fakturering (Invoicing) Automated invoice creation and distribution module enabling businesses to send invoices across all channels (email, e-Boks, EAN/OIOUBL) with brand-customizable templates, intelligent and automatic invoice dispatch, multiple invoice formats, and real-time tracking of invoice status.
- Betaling (Payment) Payment collection module offering access to all popular payment methods including MobilePay, card payments, Apple Pay, Google Pay, PayPal, Betalingsservice, Leverandørservice, bank transfer via Mastercard Open Banking, and FI-cards. Enables both one-time payments and automated recurring payment agreements.
- Rykkere (Collection/Dunning) Automated reminder and collection module that handles the entire dunning process when payments are missed, providing a frictionless collection experience for customers while ensuring businesses receive payments faster through structured, automated follow-up sequences with real-time status tracking.
- Bogføring (Accounting) Automated bookkeeping module that eliminates manual matching of bank payments with invoices, automatically reconciles incoming payments, ensures accurate accounting entries with 99.9% error-free booking, and integrates directly with accounting systems to maintain real-time financial records.
- Indsigt og overblik (Insights) Real-time analytics and dashboard module providing complete visibility into customer payment status and debtor overview, updating in real-time to enable businesses to monitor payment agreements, track outstanding receivables, and generate actionable financial insights.
- FarPay API Open REST API enabling developers to programmatically create invoices, manage orders, process deliveries, handle customer data, and receive real-time webhook notifications. Supports OIOUBL-UTS file passthrough and cryptographic webhook signature verification following the Standard Webhooks specification. Hosted at api.farpay.io with TLS 1.2 minimum.
Quantifiable outcome
- 99.9% error-free bookkeeping entries delivered automatically
- +3 more outcomes
Companies that use FarPay
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles3 records
FarPay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature8 records
FarPay partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship, core and major.
- POM GroupflagshipDutch fintech POM Group acquired Danish fintech FarPay in a transaction supported by Vortex Capital Partners, creating a combined entity positioned as a leading European platform for accounts receivable automation. FarPay continues operating as an independent brand within POM Group, with all employees, management, and offices remaining in Denmark. The acquisition combines POM's receivables and payment management capabilities with FarPay's end-to-end invoicing automation, targeting expansion beyond Scandinavia into broader European markets.
- e-BokscoreFarPay and e-Boks (Denmark's dominant digital postbox used by 5.3 million Danes and 30,000+ companies sending 582 million documents annually) entered a strategic partnership enabling FarPay's customers to send invoices and collection reminders through e-Boks with integrated direct payment capability. The integration eliminates the need for customers to switch between platforms, combining secure digital delivery with immediate payment options.
- YouniumcoreFarPay and Younium (a leading B2B subscription management platform with a strong European presence and growing US position) formed a strategic partnership offering a fully integrated solution for subscription-based B2B companies in Denmark. The combined platform covers subscription management, invoicing, payment collection, and accounting automation in a single seamless solution.
- KrifamajorAfter a thorough market review, Krifa (one of Denmark's largest trade unions with over 185,000 members, named Denmark's best unemployment insurance fund for three consecutive years) selected FarPay as its partner to optimize membership fee collection. FarPay enables Krifa to offer members a more user-friendly, fast, and flexible payment experience, while automating invoicing and bookkeeping internally.
- e-conomic (Visma)coreFarPay maintains a native integration with e-conomic, one of Denmark's most widely used cloud accounting platforms. The integration enables automatic invoice synchronization, payment reconciliation, and bookkeeping updates between FarPay's payment collection platform and e-conomic's accounting system.
- Microsoft (Dynamics 365)coreFarPay offers native integrations with Microsoft Dynamics 365 Business Central, Microsoft Dynamics NAV, and Microsoft Dynamics 365 Finance & Operations. The integrations enable bidirectional data flow for invoice automation and payment reconciliation within Microsoft's ERP ecosystem.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
FarPay competitors and assessment
Company assessmentDirect peers
- Bill.com: Bill.com is a US-listed AP/AR automation SaaS that automates invoicing, payment collection, and reconciliation for SMBs and mid-market. It is the closest global analog to FarPay's invoice-to-cash platform, even though FarPay is Danish-market specific.
- GoCardless: GoCardless specializes in recurring bank-debit payments and bill presentment across Europe, directly overlapping with FarPay's Betalingsservice/Leverandørservice and recurring billing capabilities. Both target the same pain point: automating one-off and subscription invoice collection.
- Pleo: Pleo is a Danish-founded B2B fintech providing company cards and automated expense/receivables workflows to SMBs and enterprises. Comparable as a Danish B2B fintech with automation, integrations to Danish accounting systems, and a recently scaled European footprint.
- Trustly: Trustly provides A2A bank-payment infrastructure across Europe, directly comparable to FarPay's Mastercard Open Banking integration for direct bank transfers. Both enable instant account-to-account settlement without card networks.
Broad incumbents
- Nets (Nexi Group): Nets, now part of Nexi, operates Denmark's dominant payment infrastructure (Betalingsservice, Leverandørservice, FI-kort, card acquiring). It is both a rail provider to FarPay and a potential broad incumbent competitor in Danish AR/payments.
- Stripe: Stripe is a global payment infrastructure and SaaS platform offering invoicing, recurring billing, and reconciliation. Comparable as a much broader incumbent in the same invoice-to-cash category FarPay serves, with Denmark-localized Stripe Invoicing as overlap.
- Visma e-conomic: e-conomic (Visma) is Denmark's leading cloud accounting platform and FarPay's deepest ERP partner. It is comparable both as a partner and as a broad incumbent that could expand embedded AR automation, threatening FarPay's positioning.
Regional players
- MobilePay (Danske Bank): MobilePay is Denmark's dominant consumer mobile wallet, operated by Danske Bank. FarPay integrates deeply with MobilePay (one-time and Subscriptions), making MobilePay both a key distribution partner and a regional incumbent that could extend further into merchant/payment services.
Emerging players
- Aria Systems: Aria Systems is a subscription billing and recurring revenue management platform. It is both an integration partner of FarPay and an emerging player whose subscription-management capabilities intersect with FarPay's recurring billing modules.
- Younium: Younium is a B2B subscription management platform with a strong European presence. It is a strategic integration partner of FarPay and a comparable emerging player in subscription-billing-adjacent automation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
FarPay social profiles
Digital presenceFarPay compliance and trust
Trust signalCompliance3 records
FarPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
FarPay leadership team
Management profileNumber of profiles
Profiles3 records
FarPay subsidiaries and ownership
Company hierarchySubsidiaries1 record
FarPay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FarPay M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FarPay
What does FarPay do?
FarPay is a cloud-based SaaS platform that automates the full invoice-to-cash process for Danish businesses — from invoice creation and multi-channel delivery through payment collection across all Danish payment methods (MobilePay, Betalingsservice, Leverandørservice, card, Apple Pay, Google Pay, PayPal, Open Banking), automated dunning/reminders, and direct reconciliation with accounting systems (e-conomic, Microsoft Dynamics 365, Zenegy Numbers). The platform serves as a unified receivables automation layer with native ERP integrations, an open REST API, and a strategic e-Boks distribution partnership, currently used by 1,500+ Danish businesses including EWII, Quickpay, Krifa, Berlingske, and DM Greenkeeping.
Is FarPay a public or private company?
FarPay is a private company. It is classified as corporate owned and is currently operating.
When was FarPay founded?
FarPay was founded in 2016. It employs 11 to 50 people.
Where is FarPay based?
FarPay is headquartered in Copenhagen, Denmark, in the Europe region.
How does FarPay make money?
One revenue line is on record: subscription / SaaS Fees.
Who are FarPay's main competitors?
Direct peers on record are Bill.com, GoCardless, Pleo and Trustly. Broad incumbents are Nets (Nexi Group), Stripe and Visma e-conomic. MobilePay (Danske Bank) is listed as a regional player. Emerging players are Aria Systems and Younium.
Does FarPay have an API?
Yes. FarPay provides a REST API that enables developers to automate invoice creation, payment processing, order management, delivery handling, and customer data operations. The API supports OIOUBL-UTS file passthrough, webhook notifications for payment events, and cryptographic signature verification using the Standard Webhooks specification. Key capabilities include: POST /invoices with improved error surfacing for instant payments, POST /orders with custom domain support in returned user URLs, and POST /deliveries supporting OIOUBL-UTS files as pass-through to EAN Gateway. The API is hosted at api.farpay.io and underwent TLS 1.2 minimum version enforcement in December 2025. Performance improvements for bulk operations are included in recent releases. Developer documentation is at developer.farpay.io.
What industry is FarPay in?
FarPay's product category is Accounts Receivable Automation. Its primary akta.pro industry code is FSAMAJAE, Recurring Billing & AutoPay Management, with a secondary code of FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure. Its NAICS code is 522320 and its SIC code is 7372.