3 years ago

SumUp Secures £507 Million Funding, Valued at £6.8 Billion

  • London-based fintech SumUp has raised £507 million in a funding round, bringing its total funding to £1.29 billion

  • The round was led by Bain Capital Tech Opportunities, with participation from BlackRock, btov Partners, Centerbridge, Crestline, Fin Capital, and Sentinel Dome Partners

  • The investment will be used to expand SumUp's product ecosystem, enter new markets, pursue acquisitions, and continue to support small businesses globally

  • SumUp serves over four million small businesses in 35 countries and recently acquired Lithuanian fintech Paysolut to strengthen its banking solutions and expand its international reach.

      • ProblemFinancial Services

      "Making payment solutions easily accessible to small merchants, providing them with the tools to succeed in the competitive market."

      Solution

      "SumUp offers a range of payment solutions, including a free business account and card, online store, and invoicing solutions, making it easy for small merchants to accept payments, manage their finances, and expand their businesses globally."

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