SumUp raises $895M to double down on growth
SumUp, a London-based startup that helps businesses power revenues through card payments — by way of physical readers, online payments and invoices — is itself powering up in a big way. Today it announced funding of €750 million (around $895 million at today’s rates), money that it will be using to continue expanding its business — specifically, for acquisitions; to launch in new markets in Europe, Latin America and Asia; and to build out the suite of services that it provides to businesses.
The company is already active in 33 countries (most recently Chile, Colombia, and Romania) and has some 3 million businesses as customers.
