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 with offices in Berlin, London, Boulder (CO), Sofia, Amsterdam and São Paulo.

SumUp has created a unique device that with the smartphone that’s in your pocket, allows small merchants to accept card payments anywhere.

SumUp is the only company to offer an end-to-end EMV card acceptance solution built on proprietary hardware and mobile apps with a full suite of SDKs and APIs for third parties to integrate card payments into their mobile apps. 

 

The SumUp product suite also provides each business with a Virtual Terminal and SumUp’s state-of-the-art SMS (text message) payment application. SumUp is active in 31 countries. It process over 500 transactions on a single charge and accept magstripe, chip, and contactless payments.

 

SumUp is backed by investors including American Express, Bain Capital Credit, Goldman Sachs Private Capital Investing, BBVA Ventures, & Groupon among others. The company raised €330M ($371M) in it's latest "Debt Financing" round on Jul 16, 2019. This brings SumUp's total funding to $427.2M to-date.

 

 

  • Year founded: 2011
  • Funding Info: $427.2M in 7 Funding Rounds (Last Funding Type: Debt Financing)- SumUp has also acquired payleven and Shoplo to-date.
  • Yearly Revenue: $100M-$200M (2018)
  • Employee Size: 1,001-5,000
  • Business Valuation: NA
  • City/Town: London
  • State: London
  • Country: United Kingdom
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