Tagged: sumup

December 31, 2024 @ 11:28 am By Omar Faridi  |  

With the inflation rate expected to increase again in December after October and November’s surges, SumUp conducted a survey, asking US business owners about their understanding of inflation and its impact on their business, past, and future. The survey focused on 4 key areas: the… Read More

December 10, 2024 @ 8:57 am By JD Alois  |  

SumUp says it now offers a cash advance product for several European markets, including Germany, France, Ireland, and the Netherlands. The product was first introduced in the UK in 2020. The service allows merchants to tap into funding of up to £20,000. Typically, the funds… Read More

November 29, 2024 @ 8:41 am By Omar Faridi  |  

Global fintech SumUp, which claims to be one of the fastest-growing fintech companies, has achieved a key milestone by reportedly processing more than 1 billion transactions on an annual basis. The milestone is said to mark a significant moment in the company’s journey of helping… Read More

August 30, 2024 @ 9:38 am By JD Alois  |  

SumUp has appointed a new CEO and CFO while announcing new board members. According to a note from the Fintech, Niall Mac an tSionnaigh is now CEO of SumUp Limited, the Irish operating company, and Alastair Nolan, previously the Group’s CFO Europe, will now serve… Read More

June 23, 2024 @ 11:37 pm By Omar Faridi  |  

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

May 21, 2024 @ 9:46 am By JD Alois  |  

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

March 30, 2024 @ 6:37 pm By Omar Faridi  |  

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

January 21, 2024 @ 6:02 pm By Omar Faridi  |  

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

December 11, 2023 @ 6:08 am By Omar Faridi  |  

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

September 22, 2023 @ 6:06 am By Omar Faridi  |  

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

August 16, 2023 @ 11:36 am By Omar Faridi  |  

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

August 10, 2023 @ 8:40 am By Omar Faridi  |  

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

July 10, 2023 @ 3:32 pm By Omar Faridi  |  

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

July 10, 2023 @ 10:54 am By Omar Faridi  |  

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

June 20, 2023 @ 11:12 am By Omar Faridi  |  

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

May 27, 2023 @ 8:26 am By Omar Faridi  |  

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

March 8, 2023 @ 8:30 am By Omar Faridi  |  

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

February 17, 2023 @ 8:25 am By Omar Faridi  |  

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

July 22, 2022 @ 1:33 pm By Omar Faridi  |  

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

June 24, 2022 @ 1:17 pm By Omar Faridi  |  

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