SumUp

SumUp is a financial technology company that enables businesses to accept card payments in-store, in-app and online in a simple, secure and cost-effective way.

SumUp is the leading financial technology company that is set to become the first ever global card acceptance brand.

SumUp was founded in 2011 by Jan Deepen, Daniel Klein, Stefan Jeschonnek, Petter Made, & Marc-Alexander Christ. The company is headquartered in London, and has presence in 33 countries.

 

SumUp's suite provides merchants with a free business account and card, an online store, and an invoicing solution, as well as in-person and remote payments integrated with proprietary card terminals and point-of-sale registers.

 

SumUp has than 4 million businesses ‒ from taxi drivers and coffee shop owners to large sports stadiums who are currently using the platform. SumUp is active in 35 countries. It process over 500 transactions on a single charge and accept magstripe, chip, and contactless payments.

 

SumUp has also expanded into point-of-sale solutions, and with the acquisitions of Goodtill, Tiller, and Fivestars, the company is expanding its presence within the restaurant and retail sectors.

 

SumUp is backed by Temasek, American Express, Bain Capital Credit, Goldman Sachs Private Capital Investing, Bain Capital Tech Opportunities, BlackRock, Crestline, BBVA Ventures, Groupon, btov Partners, Centerbridge, Fin Capital, and others. The company raised €590M ($624M) in debt and equity financing on Jun 23, 2022. This brings SumUp's total funding to €1.5B ($1.95B) to date. The latest round valued the company at a €8B ($8.5B) post-money.

 

 

  • Year founded: 2011
  • Funding Info: €1.5B ($1.95B) over 10 Rounds (Latest Funding Type: Private Equity)
  • Yearly Revenue: NA
  • Employee Size: 1,001-5,000
  • Business Valuation: Valued at €8B ($8.5B) as of Jun 23, 2022
  • City/Town: London
  • State: London
  • Country: United Kingdom
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