• FOUNDING YEAR: 2011
    LOCATION:
    United Kingdom
    REGION:
    Last Update:
    27 Jun, 2019

Description

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:
Viewable by subscribers only
MAIN CLIENTS:
Consumers
EXISTING PARTNERSHIPS:
Bitpay, mytaxi

PEOPLE

FOUNDERS:
Marc-Alexander Christ, Daniel Klein, Petter Made, Stefan, Jeschonnek, Jan Deepen
NUMBER OF EMPLOYEES:
201-500
INVESTORS:
BBVA Ventures, Groupon, Klaus Hommels, Life.SREDA, Shortcut Ventures GmbH, TA Ventures, Tengelmann Ventures, Venture Incubator, LLC, B-to-V Partners AG, American Express

TRACTION

VALUATION / MARKET CAP:
$300 MM in 2015

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$56.06 Millions
DATE OF LAST FUNDING:
Aug 2015
TOTAL FUNDING COMMENT:
The company is planning use the fund to roll-out and creation of new contactless payment technologies and services. (Aug. 2015)
FUNDING SERIES:
SERIES A
$20 Millions Closed: Aug 2012
SERIES B
vqdqqmwtmoikinoaaawzxqtd pqvbzi Closed: Jul 2013
SERIES C
$13.4 Millions Closed: Aug 2014
SERIES D
$22.7 Millions Closed: Aug 2015
COMMENTS
SERIES B : An undisclosed amount of funds were raised in July 2013.
LISTED:
NO

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