British fintech firm SumUp secures €285M at a valuation of over €8B: Know more

Since joining as Global CFO of SumUp, I’ve had a front-row seat to the remarkable growth and innovation that have driven us to this point, and it would not be possible without the unwavering trust and support of the investor community.” “This funding round is not just about numbers; it’s about the impact we can create. It’s about supporting the dreams and aspirations of countless merchants who rely on SumUp to simplify their payments and grow their businesses,” continues McKee. “This funding gives us additional firepower to pursue growth opportunities and accelerate products that empower small businesses,” adds McKee. The financial services super app from SumUp helps merchants with a free business account and card, an online store, an invoicing solution, and in-person and remote payments. The report also points out that SumUp’s customer base has remained static for the past two years with 4M, which suggests some internal challenges.