SumUp
Active 🦄 UnicornWe believe anyone should be able to start their own business and we're on a mission to empower them.
SumUp Services GmbH
About SumUp
SumUp is a financial technology company that is set to become the first ever global card acceptance brand. The company enables businesses to accept card payments at the Point-of-Sale or on the go in a simple, secure and cost-effective way.
SumUp is the only company to offer an end-to-end EMV card acceptance solution built on proprietary hardware and mobile apps. This unique offering enabled SumUp to rapidly expand into 16 markets, including the U.S., Brazil and Germany, making it the mPOS company with the largest global footprint.
The company has gone on to develop a full suite of SDKs and APIs for third parties to integrate card payments into their mobile apps. SumUp has been backed by renowned investors, including Groupon, BBVA Ventures, Holtzbrinck Ventures and American Express. In April 2016 SumUp has merged with the mPOS company payleven to create the global leader in mobile payment.
Anyone should be able to start their own business and getting paid shouldn’t be a hassle. Since 2012, SumUp has worked towards its vision of a world where independent business owners can be successful doing what they love. By providing powerful and affordable tools, such as our innovative card readers and the SumUp Card for even faster payouts, more than 4 million businesses of all sizes now choose SumUp for payments both in-store and online. In early 2020 SumUp further expanded its full product suite and 360° payment solution by launching Invoicing, Gift Cards, Mobile Payments and Online Store, offering even more ways for small businesses to engage with their customers.
SumUp has dual headquarters in Berlin (SumUp Services GmbH) and London ( SumUp Payments Limited ). Its holding company, SumUp Holdings Luxembourg SARL, is based in Luxembourg.
Funding
€3.5bn
Total raised
€8bn
Valuation
| Round | Year | Amount |
|---|---|---|
| Latest round | 2024 | €1.5bn |
| Round −1 | 2023 | €285m |
| Round −2 | 2022 | €590m |
| Round −3 | 2021 | €750m |
| Round −4 | 2019 | €330m |
| Round −5 | 2016 | €20m |
Financials (€m)
| Year | Revenue | EBIT |
|---|---|---|
| 2018 | €179.6m | — |
| 2019 | €354m | €-58m |
| 2020 | €386.7m | €-84m |
| 2021 | €578.1m | — |
| 2022 | €854.5m | — |
| 2023 | €1,008.9m | €11.4m |
Latest news
- https://financefwd.com/de/sumup-zahlen-2023/
- https://www.bloomberg.com/news/articles/2024-04-30/goldman-investing-unit-leads-sumup-s-1-5-billion-private-loan
- https://www.eu-startups.com/2023/12/london-based-fintech-sumup-raises-e285-million-to-provide-small-merchants-with-the-tools-to-scale-their-businesses/
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