What is SumUp?
Founded in 2012, SumUp is dedicated to empowering small businesses by leveling the financial playing field. The company serves over 4 million merchants across more than 35 markets, offering a comprehensive suite of tools to help them start, run, and grow their operations. SumUp's commitment to small merchants positions it as a key player in the fintech sector, facilitating digital payments and business management for a global clientele.
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 American Express, Venture Incubator AG, Groupon, and BBVA Ventures
Other Financing Round (2019): $355.9M featuring Bain Capital Credit, HPS Investment Partners, Sixth Street Partners, and Goldman Sachs Private Capital
Debt (2020): $150K backed by PPP
Debt (2021): $892.2M with participation from Oaktree Capital Management, Crestline, Temasek, Goldman Sachs, 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
BBVA Ventures
BBVA Ventures is an integrated virtual asset management platform offering secure cryptocurrency banking and investment solutions, aiming to popularize blockchain technology in everyday financial transactions.
Life.SREDA
Life.SREDA is a FinTech-focused venture capital fund established in Singapore, investing in early-stage financial technology companies with typical investments ranging from USD $1 million to $5 million.
Groupon
Groupon operates a marketplace connecting consumers to merchants, selling goods and services through its mobile applications and websites, and has invested in SumUp's growth.
What's next for SumUp?
The recent major strategic investment signals SumUp's robust trajectory and its capacity to attract significant capital for scaling its operations. This funding will likely be directed towards enhancing its product suite, expanding into new geographical markets, and further developing its technological infrastructure to better serve its growing merchant base. SumUp's strategic focus on small businesses, coupled with substantial financial backing, positions it for continued leadership in the competitive fintech landscape.
See full SumUp company page
