SumUp raises €590 million and celebrates 10 years

SumUp (, the financial partner for over 4 million small businesses worldwide, has raised a €590 million funding round that gives the company an enterprise value of €8 billion following a decade of rapid growth and global expansion. Bain Capital Tech Opportunities was the leader of the round with BlackRock funding participation. btov Partners, Centerbridge, Crestline, Fin Capital Sentinel Dome Partners and a number of others. This latest round is a combination of debt and equity and brings SumUp’s total capital raised to €1.5 billion.

SumUp was established in 2012 to assist small merchants with their business growth. It offers a simple, fair, reliable, and easy payment solution. Today, its financial services Super App provides merchants with a free business account and card, an online store, and an invoicing solution, as well as in-person and remote payments seamlessly integrated with SumUp’s proprietary card terminals and point-of-sale registers. More than 4 million businesses ‒ from taxi drivers and coffee shop owners to large sports stadiums ‒ trust SumUp to deliver when it matters.

SumUp’s team of over 3,000 people supports merchants in 35 countries worldwide, with Peru (launched in June 2022) being the company’s most recent new market. SumUp has expanded its reach into point-ofsale solutions in recent years. With the acquisitions Goodtill, Tiller and Fivestars, it is expanding rapidly within the retail and restaurant sectors.

Marc-Alexander Christ (Co-founder of SumUp and CFO) spoke about the round: “SumUp has received consistent support from the global investment community in our mission to help small merchants succeed. We stand by our merchants whatever the circumstance ‒ whether that be COVID or macroeconomic uncertainty. Our ability to organically increase 60+% despite the many challenges over the past years is a sign that we are always there for merchants who need it most. I am very proud of the team for completing a successful financing round in the current market with marquee investors – it’s indicative of our strength, execution, and potential. The funds we’ve raised will enable us to continue to build out our product ecosystem, expand into new markets, pursue value-adding acquisitions, and continue leveling the playing field for small merchants at a global scale.”

Darren Abrahamson, a Managing Director at Bain Capital Tech Opportunities, added: “SumUp has continually evolved to empower a growing and diverse field of small businesses with payment solutions and tools to efficiently connect with their everyday consumers. SumUp’s leadership team have led the company to sustained and accelerated growth through expansion to more than 30 countries where they have had a direct and positive impact on the small business ecosystem. We’re proud to contribute our deep fintech and payments experience to aid SumUp’s remarkable ability to push the boundaries and lead an incredibly competitive industry.”

Bain Capital is a global investor with deep experience in the payments & e-commerce sector. It has invested in and added to many companies at various stages of their growth.

SumUp’s exclusive placement agent was Goldman Sachs International. Weil, Gotshal & Manges acted as legal adviser to SumUp on the financing.

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