Tagged: sumup

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… Read More

Fintech SumUp Now Offers Direct Debits for UK Merchants

Fintech SumUp says it has launched direct debits for UK merchants. According to a company statement the service is now available for merchants that have a Business Account with SumUp. The SumIUp Business Account is managed via smartphone and enables merchants to spend, save, and… Read More

Fintech SumUp Reportedly Implements Confirmation of Payee in the UK

Global fintech SumUp has implemented Confirmation of Payee (CoP) in the UK, as the company takes additional steps to protect merchants and users from bad actors and fraud. CoP is a name-checking service, launched by Pay.UK in 2020, which “validates recipients’ account details before transfers… Read More

Global Fintech SumUp Continues to Support Small Businesses with New Product Features

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… Read More

Fintech SumUp Secures €285M via Round Led By Sixth Street Growth and Bain Capital Tech Opportunities

SumUp, the global financial services company, announced it raised €285 million in funding led by Sixth Street Growth with further participation by Bain Capital Tech Opportunities, Fin Capital, and Liquidity Group. The funding will be used “to expand SumUp’s global footprint and deliver the tools… Read More

Fintech SumUp Introduces 7AM Payouts in the UK

Global fintech SumUp has launched 7AM payouts in the UK, a feature giving merchants near-instant access to their money. As the UK cost of living crisis persists, SumUp has responded by “working with merchants to ensure they get their money faster, to help manage cash… Read More

UK Fintech SumUp Launches Operations in Australia, Bringing Tools to Market for Small Businesses

SumUp has launched in Australia, its 36th market, as the global fintech continues its global expansion and “rolls out its proprietary hardware and software solutions for Australian businesses.” SumUp was founded in 2012 with “the mission of empowering small businesses and entrepreneurs with affordable and… Read More

Global Fintech SumUp Enters $100M Credit Facility with Victory Park Capital

Global fintech company SumUp announced that it has entered into a US$100 million credit facility with Victory Park Capital (VPC), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp “to provide advance payments to merchants based in the UK… Read More

Fintech Firm SumUp Selects Form3 for UK Payments to Accelerate Growth

SumUp, the financial partner for over 4 million businesses worldwide, has selected Form3, the cloud-native account-to-account payments platform, in order “to provide direct access into the UK Faster Payments Scheme (FPS) and Bacs Scheme to further enhance its business account offering for UK customers.” SumUp… Read More

Global Fintech SumUp Appoints Anna Kuriakose as Chief Product Officer

Global fintech SumUp has announced the appointment of Anna Kuriakose as Chief Product Officer. She joined SumUp in mid-June 2023 and will be “based in London.” Anna was formerly at Meta, “where she was the product director for Messenger on Windows and Mac and web-based… Read More

Fintech SumUp Introduces UK Campaign, with a Merchant-Centric Approach that Supports SMEs

Global fintech SumUp has unveiled its latest UK campaign, with a merchant-centric push that champions the businesses, entrepreneurs and SMEs that power the country, dubbed ‘Local Heroes’. The focus of the campaign is SumUp merchants “from West London and its aim is to use a… Read More

Fintech Firm SumUp, JCB to Boost Card Acceptance for European Merchants

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd.,  announced its partnership with global financial technology company SumUp, “to enable acceptance of JCB Cards across SumUp’s European merchant network.” With the return of international travel, the collaboration will “provide new opportunities of… Read More

Fintech SumUp Introduces Multi-Product Subscription for Merchants in UK, Italy

Global financial technology company SumUp has unveiled its multi-product subscription – SumUp One, now “available in the UK and Italy, and soon in other European markets.” SumUp One reportedly “combines the best of the SumUp product suite in a single, unified offering for merchants across… Read More

European Payment Fintechs SumUp, Netcetera Team Up on ACS

As online purchases have soared in the last few years, so has the level of online fraud. In 2021, e-commerce fraud in the UK “jumped to GBP 1.3 billion.” As many merchants make the transition to online stores, “ensuring their transactions are protected is crucial.”… Read More

Fintech SumUp Introduces Magic Pay for Hospitality Industry

SumUp, the financial partner for small businesses across the globe, recently confirmed the introduction of SumUp Magic Pay, a QR code payment service for the hospitality industry. Hospitality client behavior has been changing in a post-pandemic environment. As the sector reopened in different phases, it… Read More

London Fintech SumUp Secures €590M in Funding

Global Fintech 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.” The investment round was led by… Read More

London Fintech SumUp Partners with PrestaShop to Provide Business Tools to Merchants

Global Fintech SumUp and PrestaShop – the digital commerce platform in Europe and Latin America – have announced a partnership that will aim to give thousands of merchants on the PrestaShop platform access to SumUp’s product suite of business tools (thanks to PrestaShop’s SumUp Payment… Read More

London based Fintech SumUp Introduces New Business Account Solution for UK SMEs

London-headquartered payments service provider SumUp has announced the introduction of a Business Account solution for its merchants in the United Kingdom and nearly a dozen European markets. As mentioned in a release shared with CI, the Business Account from SumUp is “central to the evolution… Read More

Global Payments Fintech SumUp Acquires US Payments and Marketing Platform, Fivestars

SumUp, the London-headquartered payments service provider with more than 2,800 employees across three continents, confirms its acquisition of Fivestars, which is one of America’s largest two-sided local commerce networks that “combines a marketing platform with integrated payments.” SumUp has reportedly paid $317 million for the… Read More

UK Fintech SumUp Appoints Michael Schrezenmaier as New CEO for European Operations

UK-based Fintech firm SumUp, an international leader in virtual payments, has confirmed the appointment of a new CEO for Europe, Michael Schrezenmaier. Schrezenmaier brings with him a “founder’s mentality” and a “hands-on” attitude, as well as being a “perfect cultural fit” for the London-based company,… Read More

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