What is SumUp?
Founded in 2012, SumUp has established itself as a cornerstone of the small business economy, providing a comprehensive suite of financial tools that level the playing field for over 4 million merchants across 35 markets. The company specializes in simplifying the complexities of commerce, offering accessible payment processing and business management solutions. By integrating hardware and software into a unified platform, SumUp enables entrepreneurs to start, run, and grow their ventures with greater efficiency. Its market position is defined by a commitment to financial inclusion and technological innovation, ensuring that small-scale enterprises possess the same operational capabilities as larger corporate entities.
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 Groupon, BBVA Ventures, and Life.SREDA
Series D (2015): $11.3M supported by American Express, Venture Incubator AG, Groupon, and BBVA Ventures
Other Financing Round (2019): $355.9M featuring Sixth Street Partners, Bain Capital Credit, Goldman Sachs Private Capital, and HPS Investment Partners
Debt (2020): $150K backed by PPP
Debt (2021): $892.2M with participation from Goldman Sachs, Crestline, Temasek, Oaktree Capital Management, and Bain Capital
Private Equity (2023): $306M led by Bain Capital, Liquidity Capital, Fin Capital, and Sixth Street Growth
Debt (2024): $1.5B supported by Goldman Sachs
Key Investors in SumUp
b-to-v Partners AG
A European venture firm that invests in innovative ideas and startups at the earliest stages, supporting entrepreneurs from seed-stage to IPO.
Sixth Street Partners
A leading global investment firm dedicated to providing flexible, long-term capital and innovative solutions to companies at various stages of growth.
Goldman Sachs
A leading global investment banking, securities, and investment management firm providing a wide range of financial services to corporations and institutional clients.
What's next for SumUp?
With the recent influx of capital, SumUp is well-positioned to accelerate its strategic growth initiatives and deepen its penetration in existing markets. The company is expected to focus on expanding its product portfolio, potentially integrating more advanced financial services to support the evolving needs of its merchant base. As it transitions into a more mature phase of its lifecycle, the firm will likely prioritize operational scalability and the enhancement of its digital infrastructure. This strategic financing provides the necessary liquidity to navigate market volatility while maintaining a competitive edge in the global FinTech sector, ensuring that SumUp remains at the forefront of merchant-centric innovation.
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