SumUp

paymentsmobile/digital walletpos/mobile pos

FOUNDING YEAR: 2011
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

SumUp is a mobile point of sale (mPOS) company. With the SumUp device, merchants and small businesses can accept credit and debit cards, using their smartphones or tablets in a simple, secure and cost-effective way.

Focus

PRODUCTS & SERVICES

Sumup offers mobile EMV point-of-sale (mPOS) In Europe. The company has created an unique device that allows users to transact by pairing with their smartphone at any place. The company also provides suite of APIs and SDKs for integrating SumUp payment into other apps and services. The company has received regulatory certification such as PCI PTS V4.0 Certified, SRED EMV Level 1 & Level 2 certificates Mastercard Pay Pass, Visa Pay Wave, American Express Expresspay MasterCard TQM MasterCard TIP, Visa ADVT certified Visa Ready certified

REVENUE MODEL

Company makes out money by charging fixed fee of 1.9% per transaction.

MAIN CLIENTS

Consumers

EXISTING PARTNERSHIPS

Bitpay

mytaxi

Traction

VALUATION / MARKET CAP:

$300 M in 2015

People

FOUNDERS

Jan Deepen

Stefan Jeschonnek

Marc-Alexander Christ

NUMBER OF EMPLOYEES

1000+

INVESTORS:

American Express

B-to-V Partners AG

BBVA Ventures

Groupon

Klaus Hommels

Life.SREDA

LLC

Shortcut Ventures GmbH

TA Ventures

Tengelmann Ventures

Venture Incubator

KEY EMPLOYEES:

Petter Made

Daniel Klein

Momentum

FUNDED

YES

TOTAL FUNDING

$55.57 M

DATE OF LAST FUNDING

Jul 2019

TOTAL FUNDING COMMENT

The company is planning use the fund to roll-out and creation of new contactless payment technologies and services. (Aug. 2015)

SEED CLOSED ON

Apr 2012

FUNDING SERIES

SERIES A  · $20 M  · Aug 2012

SERIES B  · ---  · Jul 2013

SERIES C  · $13 M  · Aug 2014

SERIES D  · $11.32 M  · Jun 2015

OTHERS  · $11.24 M · Jun 2017

LISTED

NO

Innovation Programs

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