SUMUP

ABOUT THE COMPANY

SumUp enables merchants to process payments across a multitude of channels: at the Point of Sale, Online, or via contactless payment links. Launched in 2012, the company has since expanded to 31 countries, showing impressive growth. Today, hundreds of thousands of small businesses around the world rely on SumUp to get paid. Beyond the proprietary hardware, mobile and web apps, SumUp has gone on to develop a suite of APIs and SDKs for integrating payments into other apps and services.

HOW IT ALL STARTED

We are in the midst of becoming a cashless society. In order to facilitate this transition, SumUp has focussed on making cashless payments as easy and seamless as possible. In 2015 when the mPOS market was relatively nascent and fragmented, the shareholders of SumUp and HV’s former portfolio company, payleven, decided to join forces and pull its individual strength behind a single company. This proved to be the starting point for impressive growth over the next few years.

FUTURE PERSPECTIVES

Beyond scale and capturing additional markets, there is a vast opportunity to provide additional services to small merchants. SumUp’s mission is to enable small business owners, providing them with the right tools and products to meet their objectives.