About SumUp
SumUp is a financial technology company that enables businesses to accept card payments at the point of sale or on the go.
Headquarters
SumUp, London
Founded
2011-01-01
Industry
Credit Cards, Financial Services, FinTech, Mobile Payments, Point of Sale
Last Funding Type
Debt Financing
Valuation
16
Total Funding
$4.02 billion dollars
IPO Status
Private
Financial
SumUp is focusing on enhancing point of sale systems with an add-on application that monitors the user interface during transactions. This development aims to improve the interaction between merchants and customers by recognizing specific triggers within the transaction process. The add-on application is designed to seamlessly integrate with existing point of sale applications, ensuring a more efficient and user-friendly experience for businesses accepting card payments.
SumUp has partnered with Adyen to accelerate settlements for small businesses in Europe and the UK, enhancing payment experiences for SMEs. This collaboration aims to optimize payment processes and provide faster payouts. Additionally, SumUp has made strategic executive appointments to strengthen its European operations.
SumUp has partnered with Adyen to accelerate settlements for small businesses in Europe and the UK, enhancing payment experiences for SMEs. This collaboration aims to optimize payment processes and provide faster payouts. Additionally, SumUp has made strategic executive appointments to strengthen its European operations.
Funding Rounds
17
Number of Lead Investors
11
Total Funding Amount
$4.02 billion dollars
Number of Investors
38
SumUp vs. Other Decacorns
| Company | Valuation | Total Funding | Funding Rounds |
|---|---|---|---|
| SumUp | $16B | $4.02B | 17 |
| Klarna | $20B | $4.55B | 34 |
| FTX | $33B | $1.83B | 7 |
| BitPanda | $4B | $554.01M | 7 |
| N26 | $9B | $1.72B | 12 |
| MoonPay | $31B | $650.68M | 8 |
| Circle (Financial Software) | $9B | $1.12B | 14 |
| Sila | $10B | $20.70M | 4 |
| CloudWalk | $2B | $345.06M | 6 |
| Wave (Financial Software) | $2B | $79.75M | 10 |
| AvidXchange | $4.9B | $1.13B | 10 |
| Adyen | $8.3B | $266.00M | 3 |
| CoinTracker | $4B | $101.62M | 3 |
| bolttech | $2B | $543.20M | 7 |
| Acorns | $4B | $510.01M | 13 |
| NerdWallet | $4B | $105.00M | 6 |
| Bakkt | $2.1B | $857.50M | 4 |
| Jeeves | $14B | $443.00M | 6 |
| TaxBit | $3B | $253.36M | 8 |
| Revolut | $99B | $1.74B | 20 |
| Pax | $2B | - | - |
| ZenBusiness | $2B | $276.96M | 7 |
| Pipe | $14B | $423.12M | 11 |
| AngelList | $287B | $170.20M | 8 |
| Tradeshift | $8B | $1.13B | 14 |
| Wrapbook | $1B | $150.60M | 4 |
| Qualia | $2B | $160.00M | 6 |
| Payoneer | $3.3B | $570.00M | 15 |
| Figure (Financial Software) | $6B | $1.55B | 10 |
| Younited Credit | $1B | - | 1 |
| Alan | $3B | $751.56M | 8 |
| MX | $2B | $450.00M | 4 |
| Trumid | $5B | $458.25M | 7 |
| Cedar | $3B | $419.36M | 6 |
| MobileCoin | $6B | $107.35M | 4 |
| Marqeta | $30B | $530.11M | 16 |
| Paxos | $7B | $543.48M | 7 |
| Satispay | $1B | $533.14M | 11 |
| Pilot | $9B | $172.10M | 6 |
| Bolt | $99B | $982.08M | 11 |
| Divvy | $7B | $417.50M | 5 |
| Unit | $1B | $169.60M | 5 |
| Aspiration | $13B | $250.00M | 5 |
| Titan | $12B | $73.00M | 4 |
| CRED | $12B | $801.49M | 8 |
| Monzo Bank | $9B | $1.84B | 22 |
| Deposit Solutions | $1B | $198.87M | 6 |
| Remitly | $6.9B | $526.74M | 15 |
| Privateer Holdings | $2B | $228.00M | 4 |
| Ramp | $41B | $1.82B | 10 |
| Gusto | $547B | $746.10M | 15 |
| Ava Labs | $11B | $290.00M | 6 |
| Dave | $4B | $646.30M | 10 |
| Avant (Online Lending Firm) | $6B | $2.08B | 13 |
| Clearco | $6B | $858.64M | 9 |
| Stripe | $559B | $9.44B | 20 |
| Happy Money | $5B | $337.15M | 8 |
| LendingClub | $5.4B | $392.23M | 15 |
| Brex | $123B | $1.46B | 12 |
| Hippo Enterprises | $5B | $1.26B | 10 |
| Kraken | $32B | $30.55M | 20 |
| Upstart | $10B | $944.05M | 9 |
| Wealthfront | $28B | $274.20M | 7 |
| CleanCapital | $2B | $1.21B | 8 |
| Roofstock | $6B | $365.25M | 11 |
| Nubank | $41B | $4.17B | 15 |
| Fundbox | $8B | $553.50M | 9 |
| Handshake | $4B | $700.00K | 1 |
| Plaid | $40B | $734.30M | 6 |
| Mercury | $37B | $152.21M | 7 |
| Forge Global | $2B | $357.00M | 11 |
| Chainalysis | $9B | $536.62M | 13 |
| Divvy Homes | $4B | $1.23B | 7 |
| Addepar | $11B | $531.36M | 7 |
| Coda Payments | $3B | $715.25M | 8 |
| Uala | $3B | $844.00M | 7 |
| Signifyd | $4B | $409.00M | 7 |
| Spendesk | $3B | $311.85M | 6 |
| Pilot.com | $1B | $172.10M | 6 |
| TradingView | $6B | $388.75M | 11 |
| Razorpay | $47B | $816.31M | 10 |
| Skrill | $1B | - | - |
| Lendable | $19B | $1.61B | 10 |
| Funding Circle | $2B | $746.45M | 10 |
| Flywire | $8B | $583.30M | 10 |
| Chipper Cash | $2B | $337.20M | 7 |
| Blockstream | $3B | $634.00M | 7 |
| Xoom. | $0.5B | $104.35M | 7 |
| smava | $2B | $188.68M | 7 |
| PayPal Holdings | $46.6B | $5.22B | 6 |
| eToro | $20B | $692.70M | 18 |
| Credit Karma | $7B | $868.00M | 8 |
| Tipalti | $25B | $715.00M | 10 |
| Wise (Financial Software) | $11B | $1.67B | 13 |
| Wyre | $5B | $29.15M | 9 |
| Expensify | $2.2B | $138.20M | 9 |
| Public.com | $10B | $443.50M | 10 |
Growth Trends & Market Impact
SumUp secured $1.6 billion in private credit debt, including a funding round led by Goldman Sachs, to solidify its market-leading position. Additionally, SumUp announced a partnership with Adyen to enable faster payouts for SMEs globally.
Investment history
| Round number | date | Post-round evaluation | investors |
|---|---|---|---|
| №1 | 01.05.2024 | $1.61 billion dollars |
Goldman Sachs |
| №2 | 11.12.2023 | $306.81 million dollars |
Sixth Street |
| №3 | 11.12.2023 | $306.81 million dollars | |
| №4 | 06.10.2023 | $306.81 million dollars | |
| №5 | 09.08.2023 | $100.00 million dollars |
Victory Park Capital |
| №6 | 23.06.2022 | $620.69 million dollars |
Bain Capital Tech Opportunities |
| №7 | 23.06.2022 | $620.69 million dollars | |
| №8 | 19.05.2021 | $56.50 million dollars | |
| №9 | 16.03.2021 | $892.61 million dollars |
Goldman Sachs |
| №10 | 16.07.2019 | $369.99 million dollars |
Bain Capital Credit GS Growth |