SumUp Secures Record $1.5 Billion Funding to Empower Small Businesses and Drive Social Impact

SumUp, a leading global financial technology company, announced a monumental funding round, raising a staggering $1.5 billion, which positions the company at an impressive valuation of $8.5 billion. Founded in 2012, SumUp has established itself as a trusted financial partner for over 4 million small merchants across more than 36 markets, enabling them to start, run, and effectively grow their businesses. This latest funding will further enhance SumUp's commitment to empowering small businesses and refining their innovative solutions that are both intuitive and inclusive. As the company celebrates its milestone of a decade in business, they remain steadfast in their mission to level the playing field for small enterprises worldwide. In addition to strengthening its core offerings, SumUp is devoted to making a positive social impact and is proud to be a member of 1% for the Planet, pledging to donate 1% of the net revenue generated by their Solo devices to support critical environmental, educational, and entrepreneurial initiatives. This significant funding round aligns with SumUp's vision of continuous growth and development, reinforcing their role as a catalyst for change in the financial technology space. Moreover, their recent recognitions, including being named a Top Global Employer for the second consecutive year and earning the Silver Award on the Stonewall Workplace Equality Index 2023, highlight the company’s dedication to fostering an inclusive workplace for the LGBTQ+ community. As SumUp embarks on this exciting new chapter, they look forward to implementing these funds to further their mission and drive meaningful advancements for small businesses everywhere.