SumUp

company

About

SumUp is a financial technology company that enables businesses to accept card payments at the Point-of-Sale or on the go.

  • 1001 - 5000

Details

Last Funding Type
Series D
Last Funding Money Raised
€10M
Industries
Credit Cards,Financial Services,FinTech,Mobile Payments,Point of Sale
Founded date
Jan 1, 2011
Number Of Employee
1001 - 5000
Operating Status
Active

SumUp is a financial technology company that enables businesses to accept card payments at the Point-of-Sale or on the go in a simple, secure, and cost-effective way.

It offers an end-to-end EMV card acceptance solution built on proprietary hardware and mobile apps. This unique offering enabled SumUp to rapidly expand into 16 markets, including the U.S., Brazil, and Germany, making it the mPOS company with the largest global footprint. The company has gone on to develop a full suite of SDKs and APIs for third parties to integrate card payments into their mobile apps. SumUp has been backed by renowned investors, including Groupon, BBVA Ventures, Holtzbrinck Ventures, and American Express. In April 2016 SumUp has merged with the mPOS company payleven to create the global leader in mobile payment.

The London, England-based fintech company was established by Stefan Jeschonnek, Marc-Alexander Christ, Daniel Klein, Petter Made, and Jan Deepen in 2011.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
€10M $30.23M
SumUp has raised a total of €10M $30.23M in funding over 2 rounds. Their latest funding was raised on Aug 27, 2015 from a Series D round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Aug 27, 2015 Series D €10M 1 Groupon Detail
Aug 13, 2014 Series C $13M 1 Detail
Jul 10, 2013 Series B $17.23M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
1
SumUp is funded by 1 investors. Groupon are the most recent investors.
Investor Name Lead Investor Funding Round
Groupon Yes Series D