Global financial technology company SumUp continues its efforts to support small businesses and recently unveiled several new product features.
Since its founding in 2012, SumUp claims that it “has delivered a consistent stream of sector-defining products, all launched with SMEs in mind – helping them make a success of doing what they love.”
From accepting payments, to streamlining the running of a business with point of sales systems, and managing their money and cash flow, to increasing customer loyalty and selling more, SumUp is a crucial partner “for small businesses across the globe.”
Creating a tailor-made and comprehensive financial services ecosystem to address the real-world challenges of business owners “has always been the central tenet of SumUp’s business.”
Anna Kuriakose, Chief Product Officer at SumUp, said:
“As cost of living and inflation continues to affect businesses of all sizes, we are committed to helping our customers succeed by offering an integrated ecosystem of products that work together to be more than the sum of its parts. We are proud to be laser-focused on serving our merchants, and the SumUp Beacon event series is about convening them to celebrate their successes as much as it is about showcasing our latest products. It is made possible only because of the close relationship we have with our valued merchants.”
Under the mantra of “Shining a light on the future of small business”, the SumUp Beacon event aims to “bring merchants together to inspire each other to greater success, and arm them with industry-leading expert insights as well as the best tools from the SumUp product ecosystem.”
The Beacon event highlights SumUp’s latest key product developments, including:
Business Account – Now includes virtual cards
With the free SumUp Business Account, small merchants can easily keep control of their finances — anytime, anywhere.
The Business Account now offers “a new virtual card, giving users enhanced control over their finances anytime and anywhere. With this update, users can instantly add a virtual Mastercard to their wallet, and manage it seamlessly from within the SumUp App.”
Invoices – New design & improved functionality
SumUp Invoices enables users “to create compliant invoices and quotes quickly for prompt payments – late payments being a major problem for SMEs. With this new update, SumUp Invoices are faster to create, and offer an even more efficient workflow to save time in routine tasks.”
Kiosk – Offers a completely new self-service sales experience
The SumUp Kiosk enhances self-service sales, “potentially saving up to 50% in staffing costs, and provides a customizable and branded experience.”
It offers advanced layout configurations, “specific pricing for takeaway or eat-in, and seamless upselling and cross-selling, thus boosting average basket size by up to 35%.”
Online Store – Improved order management, discount codes, and advanced shipping methods
The SumUp Online Store enables merchants “to quickly set up a free e-commerce site and start selling online within minutes.”
Updated features include:
Enhanced Order Management: Users can efficiently process and review orders within seconds.
The system now offers more options for sorting, searching, and “provides detailed order analysis – all of which streamlines day-to-day business operations.”
As covered, SumUp is a global financial technology company driven by the purpose of levelling the playing field for small businesses.
Founded in 2012, SumUp claims that it is “the financial partner for more than 4 million small merchants in 36 markets worldwide, helping them start, run, and grow their business. Through its SuperApp,”
SumUp can provide merchants “with a free business account and card, an online store, and an invoicing solution – as well as in-person and remote payment acceptance seamlessly integrated with SumUp’s card terminals and point-of-sale registers.”