Faroe Islands: Entrepreneur of the Year 2019 goes to Faroese software company FarPay

NordenBladet – Faroese software company, FarPay, has been awarded the title of Faroese ‘Entrepreneur of the Year 2019’. The company, which started in 2015 and currently employs 11 people, creates software for processing and shipping invoices, payment and follow-up, making it easy to charge money with modern payment solutions, and easy for customers to pay.

The Faroese Prime Minister, Aksel V. Johannesen, attended the awards ceremony in Runavík to hand the award.

He said: “This year’s winner is a company that has prospered in the Faroese and Danish market. The company has the potential to develop in markets all over the world, and, as such, the company has great importance for the Faroese business sector and community. The team behind FarPay were quick to see an opportunity in digitalising the transfer of money.”

The judges said they see great potential in FarPay and were impressed by the quick turnover achieved by the company in the short time since it started.