SumUp Raises €750M in Debt Facility

SumUp, a UK-based global payments service provider, secured a €750 million debt facility from investors including Goldman Sachs, Temasek, Bain Capital Credit, Crestline, and Oaktree Capital Management. The funding will accelerate SumUp's growth, support its existing merchants in 33 markets, expand its product suite through acquisitions and organic development, and refinance existing debt facilities. SumUp plans to grow its 2000+ strong team, expand into Asia, and solidify its presence in Europe and the US. The company recently acquired the core banking system provider Paysolut to build its offering of banking services for merchants.

SumUp Secures €750 Million Debt Facility to Fuel Global Expansion

SumUp is a London-based global payments service provider that allows businesses of all sizes to receive payments, both in-store and online. The company supports over 3 million merchants globally, with its card terminals and online services used by businesses ranging from DHL to black cab drivers. SumUp has a strong presence in Europe, the US, and Brazil, and is expanding into Asia. In 2018, the company released its 3G reader, enabling merchants to process payments without needing a mobile app or constant Wi-Fi connection. They have also broadened their product portfolio in the POS and gastronomy space through acquisitions of POS software providers Goodtill and Tiller. SumUp recently acquired the core banking system provider Paysolut to build up its offering of banking services for merchants.

SumUp is a global payments service provider enabling businesses to receive payments both in-store and online.

4 years ago

SumUp Secures €750 Million Debt Facility to Fuel Global Expansion

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