SumUp, a London, UK-based fintech firm serving over 4 million small companies worldwide, raised €590m in debt and fairness funding, at an enterprise worth of €8 billion.
The spherical, which brings SumUp’s whole capital raised to €1.5 billion, was led by Bain Capital Tech Alternatives, with participation from funds managed by BlackRock, btov Companions, Centerbridge, Crestline, Fin Capital, and Sentinel Dome Companions, amongst others.
The corporate intends to make use of the funds to speed up growth of honest monetary companies and instruments to empower small companies all around the world.
Based in 2012, SumUp helps small retailers begin, run and develop their enterprise via cost options. Its suite offers retailers with a free enterprise account and card, a web based retailer, and an invoicing answer, in addition to in-person and distant funds built-in with proprietary card terminals and point-of-sale registers. Greater than 4 million companies ‒ from taxi drivers and low store house owners to massive sports activities stadiums ‒ at present use SumUp.
The corporate has a group of over 3,000 individuals who helps retailers in 35 international locations worldwide, with Peru (launched in June 2022) being the corporate’s most up-to-date new market. In recent times, SumUp has additionally expanded into point-of-sale options, and with the acquisitions of Goodtill, Tiller, and Fivestars, the corporate is increasing its presence throughout the restaurant and retail sectors.