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SumUp is a company.
SumUp provides a comprehensive suite of financial technology solutions primarily focused on enabling businesses to accept card payments. Its core offering includes EMV card readers and a variety of online payment options, simplifying transaction processing for merchants. The company builds secure and cost-effective tools that empower businesses to manage sales and grow their operations through accessible payment infrastructure.
SumUp was founded in 2012 with an insight into the need for simplified payment acceptance for smaller businesses. The company recognized the challenges many faced in setting up traditional payment systems and aimed to provide an easier, more flexible alternative. This origin story centers on creating an inclusive financial ecosystem where payment processing is not a barrier to entry.
The company primarily serves small and medium-sized businesses, micro-entrepreneurs, and sole traders who require straightforward and reliable payment processing capabilities. SumUp's vision is to foster a world where all entrepreneurs can build and sustain thriving businesses, focusing on leveling the playing field for enterprises of all sizes by making financial tools readily available.
SumUp has raised $4.6B across 13 funding rounds.
Key people at SumUp.
SumUp was founded in 2012 by Marc-Alexander Christ (Co-Founder) and Stefan Jeschonnek (Co-founder) and Jan Deepen (Co-Founder).
SumUp has raised $4.6B in total across 13 funding rounds.
SumUp is a global fintech that builds payments hardware and a merchant “Super App” of financial and commerce tools aimed at leveling the playing field for small, micro and nano businesses worldwide[2][7].
High-Level overview
Origin story
Core differentiators
Role in the broader tech landscape
Quick take & future outlook
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Key people at SumUp.
SumUp was founded in 2012 by Marc-Alexander Christ (Co-Founder) and Stefan Jeschonnek (Co-founder) and Jan Deepen (Co-Founder).
SumUp has raised $4.6B in total across 13 funding rounds.
SumUp's investors include Goldman Sachs, AllianceBernstein, Apollo, Arini, BlackRock, Crestline Investors, Deutsche Bank, Fortress Investment Group, Liquidity Capital, Sentinel Dome Partners, SilverRock Financial Services, Temasek.
SumUp has raised $4.6B across 13 funding rounds. Most recently, it raised $1.6B Debt in May 2024.