SumUp builds payment technology that helps small and medium-sized businesses accept card and digital payments easily. Its ecosystem includes card readers, POS systems, invoicing, business accounts, and payment acceptance tools across physical and digital channels. The platform is widely used by independent merchants, restaurants, service providers, and growing retail businesses across Europe, Latin America, and other global markets.
What Is SumUp and What Does It Do?
SumUp, founded in 2012, is a London-based (United Kingdom) fintech company that provides mPOS solutions and card readers for offline and online retailers. The platform allows merchants to accept card payments through a mobile app connected to SumUp’s proprietary hardware. Beyond payments, SumUp offers invoicing, business accounts, POS systems, and financial management tools designed for small businesses.
With a team of 1001–5000 employees, SumUp focuses on simplifying payments and financial operations for merchants worldwide.
How Much Funding Has SumUp Raised?
1. Growth / Debt Financing
- Amount Raised: €330M
- Date: July 2019
- Lead Investors: Bain Capital Credit, GS Growth
- Motivation: To support business expansion and product development.
2. Growth / Debt Financing
- Amount Raised: €750M
- Date: March 2021
- Lead Investors: Goldman Sachs
- Motivation: To refinance existing debt and accelerate international growth.
3. Regional Expansion Financing
- Amount Raised: R$300M
- Date: May 2021
- Motivation: To strengthen SumUp’s market position in Brazil.
4. Growth / Debt Financing
- Amount Raised: €590M
- Date: June 2022
- Lead Investors: Bain Capital Tech Opportunities
- Motivation: To expand product offerings and enhance technological infrastructure.
5. Conventional Debt
- Amount Raised: $100M
- Date: August 2023
- Lead Investors: Victory Park Capital
- Motivation: To support operational scaling and working capital needs.
6. Conventional Debt
- Amount Raised: €285M
- Date: December 2023
- Lead Investors: Sixth Street
- Motivation: To fuel continued expansion and fintech innovation.
7. Conventional Debt
- Amount Raised: €1.5B
- Date: May 2024
- Lead Investors: Goldman Sachs
- Motivation: To refinance existing obligations and pursue global growth opportunities.
Total Funding Raised: $997 Million
Current Valuation: $8.6 Billion (as of December 2023)
Latest Funding Date: May, 2025
Key Investors
1. Goldman Sachs
- Details: Goldman Sachs is a global investment banking and financial services firm that has backed SumUp through multiple large-scale debt financings to support refinancing and international expansion.
- Investment Focus Areas: Financial services, fintech, technology, consumer and enterprise businesses.
- Notable Investments: Uber, Spotify, WeWork, Stripe.
2. Bain Capital
- Details: Bain Capital has supported SumUp through its credit and technology opportunity funds, providing growth capital to strengthen operations and scale global infrastructure.
- Investment Focus Areas: Fintech, software, technology-enabled services, private credit.
- Notable Investments: LinkedIn, Toast, DocuSign.
3. Sixth Street
- Details: Sixth Street is a global investment firm providing long-term and flexible capital to growth-stage companies, including strategic financing for SumUp’s expansion.
- Investment Focus Areas: Growth equity, fintech, healthcare, technology, financial services.
- Notable Investments: Airbnb, Spotify, Clio.
4. Victory Park Capital
- Details: Victory Park Capital is a private investment firm specializing in debt and structured finance solutions for high-growth businesses like SumUp.
- Investment Focus Areas: Private credit, fintech, asset-backed lending.
- Notable Investments: Klarna, Payoneer, Marqeta.
Where Is SumUp’s Headquarters?
SumUp is headquartered in London, United Kingdom. The location provides access to one of the world’s leading fintech hubs, strong regulatory infrastructure, and proximity to European and global financial markets.
What’s Next for SumUp?
SumUp is focused on deepening its role as a full-stack financial platform for small businesses. The company plans to expand its business accounts, POS systems, lending, and merchant services while continuing international growth. With substantial debt financing secured in 2025, SumUp is positioned to strengthen its balance sheet, scale across new markets, and compete more aggressively with global payment and fintech leaders.
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