SumUp Revenue, Valuation, Funding & Investors
SumUp is valued at $8.5B as of June 2022, a 14.2x multiple on its last reported $600M revenue.
About SumUp
SumUp is a financial technology company providing card readers, point-of-sale systems, and merchant financial services targeted primarily at small businesses, independent merchants, and sole traders. Founded in Berlin in 2012 and now headquartered in London, the firm operates in more than 35 countries across Europe, the Americas, Australia, and beyond, offering portable card terminals alongside online payment processing, invoicing tools, e-commerce store builders, and business accounts with debit cards. SumUp positions itself as an integrated commerce platform for micro-merchants and competes with players such as Square, Stripe, and PayPal's Zettle.
Founded
2011
HQ
LondonWebsite
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.
The $619M round was led by Bain Capital, with participation from K5 Global, b2venture, Fin Capital, Centerbridge Partners, BlackRock and 1 other investor.
SumUp valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2022 | Undisclosed stage | $8.5B | 14.2x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2022 | $600M | $8.5B | 14.2x | Undisclosed 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 $975M across 5 funding rounds.
SumUp's first fundraising round was a $17M Series B in July 2013. The most recent completed round was a $315M undisclosed-stage round in December 2023.
SumUp funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2023 | Undisclosed stage | Sixth 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. |
| Jun 2022 | Undisclosed stage | Bain Capital (lead); K5 Global; b2venture; Fin Capital; Centerbridge Partners; BlackRock; Crestline | $619M | $8.5B | SumUp, 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 2015 | Series D | BBVA Ventures (lead); Groupon (lead); Venture Incubator, LLC (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. |
| Aug 2014 | Series C | Life.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 2013 | Series B | BBVA Ventures (lead); Amex Ventures; Groupon | $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. |
Who has invested in SumUp?
14 investors have backed SumUp across its funding rounds, including Groupon, BBVA Ventures, Bain Capital, Amex Ventures, Fin Capital and BlackRock.
Lead investors include Sixth Street, Bain Capital, BBVA Ventures, Groupon, Venture Incubator, LLC and 1 other investor.
SumUp Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Chicago, IL | 3 | Lead | Jul 2013 | |
| San Francisco, CA | 3 | Lead | Jul 2013 | |
| New York City, NY | 2 | Participant | Jul 2013 | |
| San Francisco, CA | 2 | Participant | Jun 2022 | |
| Boston, MA | 2 | Lead | Jun 2022 | |
| San Francisco, CA | 1 | Participant | Jun 2022 | |
| Jackson, MS | 1 | Lead | Aug 2015 | |
 Berlin | 1 | Participant | Jun 2022 | |
| New York City, NY | 1 | Participant | Dec 2023 | |
| San Francisco, CA | 1 | Lead | Dec 2023 | |
| New York City, NY | 1 | Participant | Jun 2022 | |
| United States | 1 | Participant | Jun 2022 | |
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Start Free TrialAcquisitions by SumUp
SumUp has acquired 7 companies to date.
Last acquisition by SumUp was on October 13th 2021. SumUp acquired Fivestar for $317M.
Latest Acquisitions by SumUp
| Description | Fivestar is a mobile application that enables athletes to upload sports video highlights and fans to rate them for recognition. Users capture moments from games, practices, or training sessions, building personal highlight reels shared across social networks. The platform fosters community engagement by ranking top clips weekly, with standout videos featured on leaderboards and promoted to scouts. Available on iOS and Android, Fivestar targets high school and amateur athletes seeking visibility for college recruitment. | 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. | |
| HQ Country | | |  | | |
| HQ City | Annapolis, MD | San Francisco, CA | Paris | London | |
| Deal Date | 13 Oct 2021 | 1 Oct 2021 | 3 Feb 2021 | 2 Feb 2021 | |
| Valuation | $317M | $317M | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all SumUp acquisitions and their M&A valuation multiples. Start Free Trial | |||||
SumUp Competitors
SumUp competitors include listed companies like Shift4 Payments, Lakala, StoneCo and Block, and private ones like Flatpay and Bilt Rewards.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Denmark | Private | $145M | - | $1.7B | - | |
| United States | Publicly listed | $4.2B | $758M | $3.3B | 3.2x | |
 China | Publicly listed | $827M | $218M | $2.4B | 1.6x | |
 Brazil | Publicly listed | $2.6B | $965M | $2.2B | 1.2x | |
| United States | Publicly listed | $24B | $2.2B | $46B | 1.6x | |
| New York City, NY | Private | $1B | - | $11B | 10.8x |
SumUp Public Comps
SumUp is still privately-owned, but its public comps include Edenred, Nexi, Paytm, Paymentus, GMO Payment Gateway, dLocal, Kakao Pay, Shift4 Payments, Newland Digital Tech and Toast.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.4B | $1.3B | 2.8x | 2.8x | 7.7x | 6.5x | |||
| $7.2B | ($2.3B) | 0.6x | 1.0x | (1.9x) | 2.0x | |||
| $854M | $41M | 13.8x | 11.8x | 288.1x | 119.6x | |||
| $1.2B | $117M | 3.5x | 3.0x | 35.8x | 24.8x | |||
| $530M | $229M | 6.4x | 5.6x | 14.7x | 12.5x | |||
| $1.1B | $229M | 3.1x | 2.3x | 14.6x | 10.7x | |||
| $698M | $58M | 5.6x | 4.7x | 67.9x | 30.9x | |||
| $4.2B | $758M | 1.8x | 3.2x | 10.0x | 6.9x | |||
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Common questions about SumUp
| When was SumUp founded? | SumUp was founded in 2011. |
| 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 $975M across 5 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 Groupon, BBVA Ventures, Amex Ventures, Fin Capital, Bain Capital, K5 Global, Venture Incubator, LLC, b2venture, LIQUiDITY Group, Sixth Street and 4 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 7 companies, including Fivestar, Five Stars, Tiller Systems, Paysolut and The Good Till Co. |
| What was the largest acquisition by SumUp? | The $317M acquisition of Fivestar in October 2021 is the largest acquisition SumUp has made to date. |
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