SumUp and Adyen to Enable Faster Payouts for SMEs Globally

Adyen (ADYEN:AMS), the financial technology platform for businesses, and SumUp, the global financial technology firm for small merchants, have joined forces in a partnership to offer a best-in-class payment experience and accelerated settlements for millions of small businesses worldwide.

With this partnership, SumUp builds on its “existing near-instant settlements offering for SumUp merchants and scales this benefit to millions of small and micro merchants in Europe and the UK, giving them faster access to their money and ensuring full control over their finances.”

Through the expansion of accelerated settlements in cooperation with Adyen, SumUp will provide even “more of its users with access to same day settlements, seven days a week, 365 days a year.”

This means that SMEs will receive their funds “within minutes rather than within days after a sale.”

This initiative provides small businesses with faster access to funds, “reducing the need for large working capital reserves and addressing critical cash flow needs.”

79% of SME platform users place “a high value on faster access to funds and have expressed their demand for same-day payouts (source: Adyen/BCG – Embedded Finance Report: How platforms are revolutionizing SMB banking, 2022).”

The partnership brings together two global fintechs with payments experience. Adyen’s single platform consolidates payment services, “streamlining pay-ins, reporting, and payouts in real-time, thereby reducing transit times and enhancing financial agility.”

SumUp offers an end-to-end platform of business tools and financial services for SMEs “with a vision of a world where everyone can build a thriving business.”

SumUp’s product suite currently offers “in-person and remote payment acceptance, card terminals and point-of-sale registers, a free business account and card, online store hosting and invoicing tools.”

SumUp’s growth has been driven by the ability “to enter new markets while launching new product categories and services. It currently serves over 4 million merchants in 36 markets around the world.”

By teaming up, Adyen and SumUp will “set a new industry standard for resilient and future-proof market expansion building on the existing successful partnership in Australia.”

Alexa von Bismarck, President EMEA at Adyen said:

“This partnership is one of a kind as we join forces as major payments players to give SMEs the ability to settle at incredible speeds. Cash flow is of the utmost importance for small business owners, and we are proud of being selected by SumUp as their partner on this mission.”

Marc-Alexander Christ, Co-Founder and COO at SumUp:

“Over the last 10 years, we established the de facto market standard for card acceptance and financial technology for merchants in 36 markets. This partnership will allow us to keep pushing boundaries and continue providing our merchants with the best solutions to manage their business, be it payments, software or financial services. We are excited to amplify our ecosystem of tools and services for small, medium and even enterprise merchants.”

As covered, Adyen is the financial technology platform of choice for leading companies.

By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses “achieve their ambitions faster.”

With offices around the world, Adyen works with “the likes of Meta, Uber, H&M, eBay, and Microsoft.”

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