London-based fintech SumUp raises €285 million to provide small merchants with the tools to scale their businesses

With the funding, SumUp will expand its global footprint to continue providing the tools and services small merchants need to build, operate and scale their businesses. The new financing comes after a year of increasing momentum for SumUp, which has achieved positive EBITDA since the fourth quarter of 2022 while reporting revenue growth of more than 30 percent year-over-year. SumUp’s consistent growth over the past eleven years is a direct result of the success of the traders we serve and would not be possible without the unwavering trust and support of the investor community. Recently, SumUp expanded its product and service offering for small merchants: with SumUp One there is now a multi-product subscription that bundles the most popular features at a fixed, reduced price; Partnering with VPC makes business financing possible in the UK and Tap to Pay on iPhone is now available to customers in the UK, France and the Netherlands. The way people do business today is constantly changing, and SumUp is always alongside its merchants to give them exactly the tools to make it easier for them to get paid for what they love .