SumUp Raises $1.5 Billion in Record Funding Round to Empower Small Businesses Worldwide

SumUp, a trailblazer in the global financial technology sector, has successfully raised a staggering $1.5 billion in its latest funding round, marking a significant milestone as the company celebrates its 10th anniversary. With an impressive valuation of $8.5 billion, SumUp remains steadfast in its mission to empower small businesses across more than 36 markets, providing vital tools and services to help over 4 million merchants thrive. This substantial infusion of capital will be strategically utilized to further enhance SumUp's offerings and ensure its solutions remain intuitive and inclusive for its diverse customer base. The company’s focus on innovation is underscored by its commitment to continuously develop resources that simplify the complexities of running a business, thereby leveling the playing field for entrepreneurs everywhere. Moreover, SumUp's dedication to corporate social responsibility shines through its partnership with 1% for the Planet, pledging to donate 1% of net revenue generated by its Solo devices towards supporting environmental and educational initiatives. Recognized as a Top Global Employer for the second consecutive year and having elevated its standing on the Stonewall Workplace Equality Index from Bronze to Silver, SumUp is also dedicated to fostering an inclusive workplace, particularly for the LGBTQ+ community. As it embarks on this new chapter of growth and innovation, SumUp is excited to continue its journey as a trusted financial partner for small businesses aspiring to reach new heights.