What is SumUp?
Founded in 2012, SumUp is dedicated to leveling the playing field for small businesses by providing them with essential financial tools. The company serves over 4 million merchants across more than 35 markets, offering a comprehensive suite of services designed to help entrepreneurs start, run, and grow their ventures. SumUp's offerings encompass payment processing, business management software, and other financial solutions tailored to the needs of small and medium-sized enterprises.
How much funding has SumUp raised?
SumUp has raised a total of $3.1B across 8 funding rounds:
Series C
$13.4M
Series D
$11.3M
Other Financing Round
$355.9M
Debt
$150K
Debt
$892.2M
Private Equity
$306M
Debt
$1.5B
Series C (2014): $13.4M led by Groupon, BBVA Ventures, and Life.SREDA
Series D (2015): $11.3M supported by Groupon, American Express, BBVA Ventures, and Venture Incubator AG
Other Financing Round (2019): $355.9M featuring Goldman Sachs Private Capital, HPS Investment Partners, Sixth Street Partners, and Bain Capital Credit
Debt (2020): $150K backed by PPP
Debt (2021): $892.2M with participation from Temasek, Crestline, Oaktree Capital Management, Goldman Sachs, and Bain Capital
Private Equity (2023): $306M led by Bain Capital, Liquidity Capital, Sixth Street Growth, and Fin Capital
Debt (2024): $1.5B supported by Goldman Sachs
Key Investors in SumUp
Bain Capital
Bain Capital is a leading global private investment firm founded in 1984, known for creating lasting impact across its portfolio businesses. The firm invests across private equity, growth & venture, capital solutions, credit & capital markets, and real assets, offering deep sector expertise and robust operational support.
Goldman Sachs
Goldman Sachs is a premier global investment banking, securities, and investment management firm providing a wide array of financial services. They are instrumental in global capital markets, offering advisory, underwriting, asset management, and trading services to corporations, governments, and institutional clients.
Sixth Street Partners
Sixth Street is a global investment firm established in 2009, providing flexible, long-term capital and innovative solutions to companies. They focus on diverse sectors including energy, real estate, healthcare, and software, leveraging data-enabled capabilities to build businesses and create unique investment structures.
What's next for SumUp?
The substantial capital raised, particularly the recent strategic investment, positions SumUp for accelerated growth and further innovation in the fintech sector. This funding will likely enable the company to expand its product offerings, enhance its technological infrastructure, and broaden its global reach. SumUp's focus on empowering small businesses suggests a strategic direction towards deepening its ecosystem of services, potentially through acquisitions or new product development, to solidify its role as a key financial partner for merchants.
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