What is SumUp?
Established in 2012, SumUp operates as a critical financial partner for over 4 million small merchants across more than 35 international markets. The company is dedicated to leveling the playing field for small businesses by providing accessible, user-friendly payment solutions and financial tools. By integrating hardware and software, SumUp enables merchants to start, run, and scale their operations with efficiency. Its market position is defined by its commitment to financial inclusion and its ability to provide enterprise-grade technology to the small-business segment, a sector historically underserved by traditional banking institutions.
How much funding has SumUp raised?
SumUp has raised a total of $3.1B across 8 funding rounds:
Series C
$13.4M
Series D
$11.3M
Other Financing Round
$355.9M
Debt
$150K
Debt
$892.2M
Private Equity
$306M
Debt
$1.5B
Series C (2014): $13.4M led by BBVA Ventures, Life.SREDA, and Groupon
Series D (2015): $11.3M supported by BBVA Ventures, Venture Incubator AG, American Express, and Groupon
Other Financing Round (2019): $355.9M featuring HPS Investment Partners, Goldman Sachs Private Capital, Bain Capital Credit, and Sixth Street Partners
Debt (2020): $150K backed by PPP
Debt (2021): $892.2M with participation from Temasek, Goldman Sachs, Oaktree Capital Management, Bain Capital, and Crestline
Private Equity (2023): $306M led by Bain Capital, Fin Capital, Sixth Street Growth, and Liquidity Capital
Debt (2024): $1.5B supported by Goldman Sachs
Key Investors in SumUp
Bain Capital
A leading global private investment firm with a focus on private equity, growth, and credit, providing flexible capital solutions to drive innovation and operational excellence.
Goldman Sachs
A premier global investment banking and financial services firm that provides strategic advisory, financing, and asset management services to institutional and corporate clients.
Temasek
A global investment company headquartered in Singapore that acts as a generational investor, focusing on long-term value creation and sustainable growth.
What's next for SumUp?
The recent infusion of capital positions SumUp to accelerate its strategic roadmap, likely focusing on product diversification and geographic expansion. Given the company's lifecycle stage, which has transitioned from early-stage venture support to major enterprise-level financing, the focus is expected to shift toward scaling its platform capabilities and deepening its penetration in existing markets. By utilizing this latest financing, SumUp is well-equipped to enhance its technological infrastructure, potentially exploring new financial services that further integrate into the daily operations of its merchant base, thereby strengthening its competitive moat against other global fintech incumbents.
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