SumUp: The latest figures, news and market research on SumUp

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Country: United Kingdom

British fintech specializing in payment solutions

Payments:SumUp raises $100 million 11/12/2023

SumUp made a name for itself with its small mobile payment terminals for the self-employed,
The company has expanded its range to include cash registers, a SuperApp offering a business account, online store and invoicing solution, and, in the UK, order kiosks and cash advances.
sumUp has teamed up with Apple to offer Tap to Pay on iPhone in France, the UK and the Netherlands, as part of its iOS application.
SumUp, a fintech of British origin, claims 4 million independent customers and small merchants worldwide.
It has announced a new round of financing of 285 million euros.
SumUp is now present in 36 countries.
In 2021, SumUp acquired the American FiveStars, a payment platform for small businesses.
The company's last fundraising round, which took place in June 2022, amounted to €590 million.
Total funds raised by the fintech since its inception in 2012 amount to 1.785 billion euros.
SumUp's valuation was estimated at $4.1 billion (€3.8 billion) last October.
It has posted steady revenue growth of over 30% and expects to be profitable by 2024.

SumUp: The Card Payment Revolution. 11/12/2023

Fintech SumUp serves 4 million corporate customers.
SumUp is recording annual growth of +30% and has multiplied its transaction volumes by 10 since 2018.
SumUp has raised €285 million from investment fund Sixth Street Growth.
The portable payment terminals are inexpensive, with first prices starting at 39 euros.
SumUp transactions are billed at a flat rate of 1.75%.
In 2022, 65% of payments in France were made by bankcard, an increase of 8% on 2021.
Crédit Agricole has its Up2pay solution, and Banques Populaires has Smile&Pay as competing products.
Payment company Ingenico is France's leader in traditional payment terminals.
Chinese manufacturer Pax, with its aggressive pricing, is increasingly present in France.

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