SumUp Revenue, Valuation, Funding & Investors

SumUp is valued at $8.5B as of June 2022, a 14.2x revenue multiple. SumUp revenue was $600M, as disclosed with its latest round.

See full SumUp profile

Last SumUp valuation

$8.5B

Undisclosed stage · Jun 2022

Last SumUp funding round

$315M

Undisclosed stage · Dec 2023

SumUp revenue

$600M

Undisclosed stage · Jun 2022

Key investors in SumUp

  • b2venture
  • Groupon
  • BBVA Ventures
  • Bain Capital
  • Amex Ventures
  • Fin Capital

SumUp Overview

About SumUp

SumUp is a London-headquartered financial technology company that provides small merchants, independent shops and sole traders with card readers, point-of-sale systems and a suite of business tools. Its products include portable card terminals, the POS systems of acquired Goodtill and Tiller, payment links, an online store builder, invoicing software, business accounts with debit cards and merchant cash advances, and it earns mainly transaction fees plus hardware and subscription revenue. The company serves more than four million small businesses in about 35 markets across Europe, the Americas and Australia, and employed around 3,000 people in 2022. It generated revenue of roughly EUR 1 billion in 2023 and has been EBITDA-positive since the fourth quarter of 2022. SumUp was founded in Berlin in 2012 by a team including Daniel Klein, Marc-Alexander Christ and Stefan Jeschonnek, and launched its first card reader in August 2012. It is privately held by its founders and investors including Bain Capital Tech Opportunities, Sixth Street, BlackRock, Groupon and American Express, and was valued at an enterprise value of EUR 8 billion in its June 2022 funding round.


Founded

2012

HQ

United KingdomLondon

Status

Privately held

Customer focus

B2B

Revenue model

Commission

Revenue

$600M (Jun 2022)

Valuation

$8.5B (Jun 2022)

SumUp Valuation

SumUp is currently valued at $8.5B, based on its undisclosed-stage round in June 2022. Read the announcement ↗

The $619M round was led by Bain Capital, with participation from K5 Global, b2venture, Sentinel Dome Partners, Fin Capital, Centerbridge Partners and 2 other investors.

SumUp valuation by funding round

SumUp valuation by funding round
DateStageValuationRevenue Multiple
Jun 2022Undisclosed stage$8.5B14.2x

SumUp Revenue

SumUp's latest recorded revenue is $600M, as of its undisclosed-stage round in June 2022. At a $8.5B valuation, that implies a 14.2x revenue multiple.

SumUp revenue by funding round

SumUp revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2022$600M$8.5B14.2xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

SumUp Funding History

SumUp has raised a total of $995M across 7 funding rounds, plus 1 secondary share sale.

SumUp's first fundraising round was a $20M Series A in April 2012. The most recent completed round was a $315M undisclosed-stage round in December 2023.

SumUp funding rounds

SumUp funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2023Undisclosed stageSixth Street (lead); LIQUiDITY Group; Fin Capital; Bain Capital$315M-SumUp is a London-based global fintech company providing affordable payment products, card readers, and financial services such as invoicing, loyalty programs, business accounts, and merchant cash advances to over four million small businesses across 36 markets, including a recent launch in Australia. The company raised €285 million (approximately $307 million) in December 2023 in a growth funding round led by Sixth Street Growth, with participation from Bain Capital Tech Opportunities, Fin Capital, and Liquidity Group, primarily to fuel organic growth, international expansion, and new product development like SumUp One subscription and Tap to Pay on iPhone. This round was described as mostly equity with some debt and did not change the company's prior $8.5 billion valuation from June 2022, though the CFO noted it was higher than that figure without specifics. SumUp demonstrated strong operational performance in 2023, achieving positive EBITDA since Q4 2022, expanding EBITDA margins through economies of scale, and sustaining over 30% year-over-year top-line growth while maintaining profitability. The funding supports further scaling of its platform, partnerships with brands like JCB and Apple, and enhancements for small merchants. Previous financing included a €590 million round in 2022 at $8.5 billion valuation and various debt facilities. Investors highlighted SumUp's decade-long track record of innovation, market leadership in fintech for small businesses, and efficient growth strategy.
Oct 2023Secondary---Several existing investors in SumUp sold shares in October 2023 to other existing shareholders in an inside secondary transaction. The sale became public through Groupon, which disclosed in an SEC filing that it had agreed on 6 October 2023 to sell 9.4% of its 2.3% interest in SumUp for EUR 8.4 million (about USD 8.9 million), on the same economic terms as the other sellers. The buyers were not named beyond being existing shareholders, and SumUp declined to comment on the valuation, saying that small secondary trades between shareholders are often not representative of the company's value, especially when different share classes change hands. Press estimates put the implied valuation as low as USD 4.1 billion, against USD 8.5 billion in the June 2022 round led by Bain Capital Tech Opportunities, but the class of shares sold was not disclosed. SumUp, founded in Berlin in 2012, provides card readers, point-of-sale software, business accounts and merchant cash advances to millions of small businesses. Two months later it raised EUR 285 million in a round led by Sixth Street Growth.
Jun 2022Undisclosed stageBain Capital (lead); K5 Global; b2venture; Sentinel Dome Partners; Fin Capital; Centerbridge Partners; BlackRock; Crestline$619M$8.5BSumUp, a London-based fintech founded in 2012, provides payment solutions including card reader dongles and expanded business services such as business banking to over 4 million small and medium-sized businesses (SMBs) across 35 markets. The company raised €590 million ($624 million) in a funding round announced on June 23, 2022, structured as 50% equity and 50% debt, led by Bain Capital Tech Opportunities with participation from BlackRock, btov Partners (b2venture), Centerbridge Partners, Crestline, Fin Capital, and others including Sentinel Dome Partners. This round valued SumUp at an enterprise value of €8 billion ($8.5 billion), marking significant growth from its valuation five years prior. The funds are earmarked for acquisitions, hiring to expand beyond its current 3,000 employees, and organic product development to further scale its offerings. SumUp's strategy has driven rapid international expansion and product evolution, positioning it as a key player in the competitive payments and fintech space for SMBs, with claims of becoming the world's largest neobank for this segment as 10% of its merchant base adopts its banking services. Revenues reportedly grew 60% annually in the years leading up to the round, though specific figures for revenue, ARR, or EBITDA were not disclosed in sources covering the June 2022 financing. Bain Capital highlighted SumUp's sustained growth and impact on small business ecosystems in over 30 countries, leveraging its expertise in payments and e-commerce. Goldman Sachs International served as exclusive placement agent, with Weil, Gotshal & Manges as legal advisors. This round brought SumUp's total capital raised to €1.5 billion ($1.6 billion), underscoring its maturity in serving underserved SMBs with integrated financial tools amid a crowded market of fintech providers.
Aug 2015Series DBBVA Ventures (lead); Groupon (lead); Amex Ventures$11M-SumUp is a European mobile point-of-sale (mPOS) company that provides small merchants with a card reader, app, and payment platform to accept credit and debit card payments via smartphones and tablets, charging a flat 1.95% fee with no monthly costs. The company maintains end-to-end control with proprietary EMV-certified software, hardware, chip and PIN terminals, and anti-fraud solutions, positioning it as the first open mPOS platform after releasing SDKs and APIs in May 2015. Founded in 2011 or 2012 and headquartered in Dublin with operations in London and Berlin, SumUp competed with iZettle, Payleven, and others while expanding across Europe and beyond. In August 2015, SumUp raised €10 million (approximately $11.2 million) from investors including BBVA Ventures, Groupon, American Express Ventures, and others, bringing total funding to over €50 million. This followed a June 2015 investment from Venture Incubator AG that increased prior total funding to $45 million (€40 million). The funds supported expansion into two more countries in 2015, reaching 15 countries across three continents, development of a contactless payment platform, and new services. By May 2015, SumUp had over 300,000 merchants on its platform with sales doubling in the prior six months.
Jun 2015Undisclosed stageVI Partners (lead)--SumUp announced on 10 June 2015 an investment of an undisclosed amount from Venture Incubator AG, a Zurich-based venture capital firm founded by McKinsey & Company and the Swiss Federal Institute of Technology (ETH Zurich). With the new money SumUp's total funding rose to EUR 40 million (about USD 45 million), according to chief executive Daniel Klein. Venture Incubator's own investors include ABB, Buhler, Credit Suisse, Hilti, Nestle, Novartis, Schindler, SUVA, Sulzer and Zurcher Kantonalbank, and partner Daniel Gutenberg said the firm was excited to accompany SumUp's further growth. At the end of May 2015 SumUp had more than 300,000 merchants using its platform and said its sales had doubled over the previous six months; the funds were earmarked for expansion inside and outside Europe and for contactless payment hardware. SumUp, founded in Berlin in 2012, sells card readers and payment services that let small merchants accept card payments through a smartphone app. The investment was followed in August 2015 by a further EUR 10 million from existing investors Groupon, American Express and BBVA Ventures.
Aug 2014Series CLife.SREDA (lead); Groupon; BBVA Ventures$13M-SumUp, a mobile point-of-sale (mPOS) company, raised a double-digit million dollar funding round in August 2014, rumored at $13 million, led by Life.SREDA with participation from existing investors Groupon and BBVA Ventures. This Series C round followed a similar-sized Series B the previous year, bringing total funding to around $33 million. The capital was earmarked to develop SumUp's end-to-end payment solution, including its proprietary payments gateway, hardware, and operations systems, while expanding international traction for its newly launched Chip & PIN card terminal 'PIN+', one of the first proprietary mobile Chip & PIN devices by an mPOS provider in Europe.
Jul 2013Series BBBVA Ventures (lead); b2venture; Amex Ventures; Groupon; Shortcut Ventures; Tengelmann Ventures$17M-SumUp is a mobile point-of-sale provider offering a card reader and app for small businesses to accept credit and debit card payments on smartphones and tablets, charging a flat transaction fee with no monthly costs. The company, founded in 2011 and headquartered in Dublin, Ireland, launched at FinovateEurope 2013. In May 2013, SumUp announced a double-digit million euro Series B financing with participation from Groupon and American Express. On July 9, 2013, it expanded the Series B round with investment from BBVA Ventures as lead, alongside existing investors including Amex and Groupon. The BBVA-led portion brought total funding to over €50 million. Funds supported international expansion into South America leveraging BBVA's presence, development of new services, and enhancement of its end-to-end EMV-certified payment platform.
Apr 2012Series Ab2venture; Shortcut Ventures; Tengelmann Ventures$20M-SumUp closed a Series A financing in the second quarter of 2012, described by the company as a double-digit million euro round and reported at about USD 20 million. The investors were b-to-v Partners (now b2venture), Shortcut Ventures, Tengelmann Ventures and a group of business angels, among them Klaus Hommels. The money was raised around the commercial launch of SumUp's first product in August 2012, when the service went live in Germany, Austria, the United Kingdom and Ireland, followed within months by Italy, Spain, the Netherlands, France, Belgium and Portugal. SumUp was founded in 2012 by a team including Daniel Klein, Marc-Alexander Christ and Stefan Jeschonnek and offers small merchants a card reader and app that let them accept debit and credit card payments on a smartphone or tablet for a flat transaction fee. All of the Series A investors put in further money in May 2013, when Groupon and American Express joined in the Series B. SumUp later grew into a payments and business-tools provider serving about four million small businesses.

Who has invested in SumUp?

17 investors have backed SumUp across its funding rounds, including b2venture, Groupon, BBVA Ventures, Bain Capital, Amex Ventures and Fin Capital.

Lead investors include Sixth Street, Bain Capital, BBVA Ventures, Groupon, VI Partners and 1 other investor.


SumUp Investors

Investors in SumUp by funding rounds participated
InvestorHQRoundsRoleFirst check
b2ventureGermanyBerlin3ParticipantApr 2012
GrouponUnited StatesChicago, IL3LeadJul 2013
BBVA VenturesUnited StatesSan Francisco, CA3LeadJul 2013
Amex VenturesUnited StatesNew York City, NY2ParticipantJul 2013
Fin CapitalUnited StatesSan Francisco, CA2ParticipantJun 2022
Shortcut VenturesGermanyHamburg2ParticipantApr 2012
Tengelmann VenturesGermanyMunich2ParticipantApr 2012
Bain CapitalUnited StatesBoston, MA2LeadJun 2022
K5 GlobalUnited StatesSan Francisco, CA1ParticipantJun 2022
LIQUiDITY GroupUnited StatesNew York City, NY1ParticipantDec 2023
Sentinel Dome PartnersUnited StatesBurlingame1ParticipantJun 2022
Sixth StreetUnited StatesSan Francisco, CA1LeadDec 2023
Centerbridge PartnersUnited StatesNew York City, NY1ParticipantJun 2022

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Acquisitions by SumUp

SumUp has acquired 6 companies to date.

Last acquisition by SumUp was on October 13th 2021. SumUp acquired Five Stars for $317M.


Latest Acquisitions by SumUp

Five Stars
Tiller Systems
Paysolut
The Good Till Co
Description
Five Stars is a payments and loyalty platform for local businesses, integrating point-of-sale systems, marketing tools, and customer rewards programs. It enables merchants to track visits, send promotions, and accept digital payments through a mobile app. Headquartered in San Francisco, the service supports retail, salons, and restaurants in building repeat customer engagement.
Tiller Systems is a Paris-headquartered provider of cloud POS software founded in March 2014. It offers a unified platform with mobile POS apps, web dashboards, and e-commerce integrations for restaurants and retailers. Users manage omnichannel orders, inventory in real time, employee scheduling, and payments via Stripe and Adyen. Tiller serves 5,000 merchants across France, Belgium, and Spain, processing €500 million in annual transactions with tools for customer loyalty and sales reporting.
Paysolut is a Hamburg-based mobile banking platform providing white-label core banking systems for financial institutions. The solution supports digital onboarding, account management, payments, and lending modules deployable on iOS, Android, and web. Paysolut serves emerging markets by enabling rapid launches of neobanks and fintech apps.
The Good Till Co is a UK-based developer of point-of-sale software tailored for hospitality and retail. Manchester-headquartered, it supplies GoodTill POS, GoodEats table ordering, kitchen displays, stock management, loyalty programs, and integrations for restaurants, pubs, cafes, hotels, events, and vape stores.
HQ CountryUnited StatesFranceUnited KingdomUnited Kingdom
HQ City
San Francisco, CA
Paris
London
London
Deal Date13 Oct 20213 Feb 20212 Feb 202119 Nov 2020
Valuation$317Mundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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SumUp Competitors

SumUp competitors include listed companies like Shift4 Payments, Lakala, StoneCo and Block, and private ones like Flatpay and Bilt Rewards.

Public and private companies comparable to SumUp
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
FlatpayDenmarkDenmarkPrivate$145M-$1.7B-
Shift4 PaymentsUnited StatesUnited StatesPublicly listed$4.2B$758M$3.2B3.1x
LakalaChinaChinaPublicly listed$834M$220M$2.2B1.0x
StoneCoBrazilBrazilPublicly listed$2.5B$919M$1.8B1.1x
BlockUnited StatesUnited StatesPublicly listed$24B$2.2B$46B1.6x
Bilt RewardsUnited StatesNew York City, NYPrivate--$11B-

SumUp Public Comps

SumUp is still privately-owned, but its public comps include Airtel Money, Edenred, Paytm, Nexi, Paymentus, GMO Payment Gateway, dLocal, Kakao Pay, SUNMI and Kaspi.kz.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Airtel Money$1.3B$617M4.6x-10.0x-
Edenred$3.3B$1.2B2.4x2.4x6.6x5.6x
Paytm$861M$41M12.8x10.6x267.7x101.4x
Nexi$7B($2.2B)0.6x1.1x(2.0x)2.1x
Paymentus$1.2B$117M3.1x2.7x32.2x21.6x
GMO Payment Gateway$523M$226M6.1x5.2x14.1x11.7x
dLocal$1.1B$229M2.7x2.0x12.9x9.3x
Kakao Pay$717M$60M4.8x3.8x57.5x24.3x

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Common questions about SumUp

When was SumUp founded?SumUp was founded in 2012.
Where is SumUp headquartered?SumUp is headquartered in London, United Kingdom.
Is SumUp publicly listed?No, SumUp is a private, VC-backed company.
What is SumUp's valuation?SumUp was last valued at $8.5B in its undisclosed-stage round in June 2022.
How much funding has SumUp raised?SumUp has raised $995M across 7 funding rounds.
What was SumUp's last funding round?SumUp's last funding round was a $315M undisclosed-stage round in December 2023, led by Sixth Street.
Who are SumUp's investors?SumUp's investors include b2venture, Groupon, BBVA Ventures, Amex Ventures, Fin Capital, Shortcut Ventures, Tengelmann Ventures, Bain Capital, K5 Global, LIQUiDITY Group and 7 others.
What is SumUp's revenue?SumUp's latest recorded revenue is $600M (June 2022).
What is SumUp's revenue multiple?SumUp's latest valuation implies a 14.2x revenue multiple ($8.5B valuation on $600M of revenue).
Which companies are comparable to SumUp?Companies comparable to SumUp include Flatpay, Shift4 Payments, Lakala, StoneCo, Block and Bilt Rewards.
How many companies has SumUp acquired?SumUp has acquired 6 companies, including Five Stars, Tiller Systems, Paysolut, The Good Till Co and Shoplo.
What was the largest acquisition by SumUp?The $317M acquisition of Five Stars in October 2021 is the largest acquisition SumUp has made to date.

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