SumUp Stock

sumup.comFinTech / PaymentsFounded: 2012

SumUp is a global financial technology company levelling the playing field for small businesses. SumUp was founded in 2012 by Marc-Alexander Christ and Petter Made and is headquartered in Munich, Germany. SumUp provides card readers and a corresponding app for small merchants in markets worldwide, helping them start, run and grow their businesses.

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Management Team

Daniel Klein
Founder & Chief Executive Officer
Fabiano Fialho Camperlingo
Chief Executive Officer, Latam
Johannes Schaback
Chief Technology Officer
Gareth Walsh
Chief Executive Officer (Irish Operating Entity) & Board Member
Marcel Schneider
Co-Managing Director, Consumer Mission
Todor Popov
Group Financial Controller

Board Members

Catriona Byrne
Board Member
James Oakes
Board Member
Jay Reinemann
Propel Venture Partners
Kenneth Shanahan
Board Member

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News Highlights

SumUp, a rival to Jack Dorsey’s Block, defies fintech funding slump with $307 million cash injection
British payments startup SumUp, known for its small card readers, on Monday announced it has raised 285 million euros ($306.6 million) in a bumper round of funding that values the company north of $8.6 billion. Sixth Street Growth, the growth arm of global investment firm Sixth Street, led the investment in SumUp, while existing existing investor Bain Capital Tech Opportunities, fintech investment firm Fin Capital, and debt financing firm Liquidity Group, participated in SumUp’s latest round as well.
UK Payments FinTech SumUp Raises $307 Million
UK-based fintech SumUp has raised $307m for expansion and development of new services. The funding comes after a year of positive EBITDA and more than 30% top-line growth. The company, valued at $8.5bn in 2022, offers a range of products and services including point-of-sale card readers, cash advances and Tap to Pay on iPhone. The fundraising follows a $100m credit facility raised in August.
SumUp launches point-of-sale cash advances for merchants
SumUp, a global Fintech company, is launching a new cash advance product for merchants. The advances of up to £20,000 will be repaid via card reader transactions and are supported by a $100m credit facility from alternative investment firm Victory Park Capital. The product, initially available in the UK, will soon expand to other European countries.
Updated on: Apr 13, 2024


Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.