SumUp
Founded Year
2012Stage
Loan - III | AliveTotal Raised
$4.045BLast Raised
$1.608B | 6 mos agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+20 points in the past 30 days
About SumUp
SumUp is a financial technology company that specializes in payment processing solutions and point-of-sale systems for small businesses. The company offers a range of products including mobile payment applications, card readers, and business bank accounts, designed to facilitate transactions and manage sales. SumUp's services cater to various sectors such as restaurants, salons, spas, and retail, providing tools for appointment management, loyalty rewards, and inventory management. SumUp was formerly known as Ka-Ching Payments. It was founded in 2012 and is based in Wilmington, Delaware.
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ESPs containing SumUp
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The virtual payment terminals market refers to a type of payment solution that allows merchants to accept payments through a web-based platform, without the need for a physical payment terminal. Virtual payment terminals are typically used by e-commerce businesses and other remote merchants who do not have a physical store or who need to accept payments from customers who are not present. The mark…
SumUp named as Challenger among 15 other companies, including Stripe, Fiserv, and Worldpay.
SumUp's Products & Differentiators
SumUp Solo Lite
Our card readers, like SOLO Lite, are also a major milestone. They’re portable, affordable, and designed for merchants who are always on the go. We’ve also developed business accounts that allow merchants to manage their finances, pay suppliers, and track income, all in one place.
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Research containing SumUp
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned SumUp in 7 CB Insights research briefs, most recently on Jan 18, 2024.
Jan 18, 2024 report
State of Fintech 2023 Report
Oct 4, 2022 report
The Fintech 250: The most promising fintech companies of 2022
Sep 13, 2022
3 retail tech trends to watch in Q3’22
Expert Collections containing SumUp
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
SumUp is included in 7 Expert Collections, including Store tech (In-store retail tech).
Store tech (In-store retail tech)
1,698 items
Companies that make tech solutions to enable brick-and-mortar retail store operations.
Unicorns- Billion Dollar Startups
1,249 items
SMB Fintech
1,648 items
Payments
3,034 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
13,413 items
Excludes US-based companies
Fintech 100
249 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
SumUp Patents
SumUp has filed 7 patents.
The 3 most popular patent topics include:
- payment systems
- banking technology
- banks
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
9/24/2021 | 9/17/2024 | Payment systems, Banking technology, Banks, Interbank networks, Circulating currencies | Grant |
Application Date | 9/24/2021 |
|---|---|
Grant Date | 9/17/2024 |
Title | |
Related Topics | Payment systems, Banking technology, Banks, Interbank networks, Circulating currencies |
Status | Grant |
Latest SumUp News
Oct 30, 2024
Tech.eu Tech.eu Insights creates insight and guides strategies with its comprehensive content and reports. Browse popular Insights content. iGent AI emerges from stealth with £6.3M for engineering AI London-based AI startup iGent AI has emerged from stealth mode with a £6.3M Seed round led by HV Capital. London-based AI startup iGent AI has emerged from stealth mode with a £6.3M Seed round led by HV Capital, with participation from XTX Ventures, TwinPath, 10x Founders, and Dhyan. iGent's product Maestro uses in-context learning and inference-time reasoning to solve engineering problems, allowing developers to modernise legacy codebases or build new solutions. HV Capital is one of the continent's most active investors, with a proptfolio including Flix, Zalando, Delivery Hero, Sumup and Depop. "Maestro fundamentally changes how we approach software engineering," explained Sean Ward, CEO and co-founder of iGent AI. "It enables developers to focus on the 'why' and 'what' of their systems, while Maestro navigates the 'how' with unprecedented intelligence and adaptability." Martin Szummer, whose work on conversational AI at VocalIQ was later acquired by Apple, saw the potential for AI to engage in high-level software design decisions. "What sets Maestro apart is its ability to engage in the full spectrum of software engineering," Szummer noted. "It's about making informed architectural decisions, anticipating scalability issues, and maintaining consistency across large, complex systems." “With Maestro, iGent AI is introducing a much-needed advancement in software engineering,” said Barbod Namini, General Partner at HV Capital. “It’s a product with clear impact potential—enabling developers to streamline complex tasks and focus on high-value challenges. We’re excited to lead this round and back these incredible founders on their journey to redefine what AI can accomplish in the field.”
SumUp Frequently Asked Questions (FAQ)
When was SumUp founded?
SumUp was founded in 2012.
Where is SumUp's headquarters?
SumUp's headquarters is located at 1209 Orange St, Wilmington.
What is SumUp's latest funding round?
SumUp's latest funding round is Loan - III.
How much did SumUp raise?
SumUp raised a total of $4.045B.
Who are the investors of SumUp?
Investors of SumUp include BlackRock, Oaktree Capital Management, Vista Credit Partners, Apollo Global Management, Goldman Sachs Asset Management and 33 more.
Who are SumUp's competitors?
Competitors of SumUp include Melio, Tide, Zoop, Clip, CloudWalk and 7 more.
What products does SumUp offer?
SumUp's products include SumUp Solo Lite and 4 more.
Who are SumUp's customers?
Customers of SumUp include Deb Dobney-Cobb, Aidan Conway and Arlene Wedgbury.
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Compare SumUp to Competitors
Worldpay provides electronic payment processing services to merchants and financial institutions. It offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management for national merchants, and regional and small-to-medium-sized businesses. The company was founded in 1993 and is based in London, United Kingdom.
Stripe operates as a technology company that specializes in online payment processing and financial infrastructure for Internet businesses. The company provides a suite of products that enable businesses to accept payments, manage billing and subscriptions, handle in-person transactions, and integrate various financial services into their operations. Its platform is designed to support startups, enterprises, and everything in between with scalable, API-driven solutions. Stripe was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.
Hash operates a financial technology platform. It enables companies to create and test payment and other financial solutions. It provides non-financial business-to-business (B2B) enterprises wishing to offer banking services with payment infrastructure. The company was founded in 2017 and is based in Sao Paulo, Brazil.
NearPay operates as a financial technology company focusing on providing payment infrastructure solutions. The company offers a service that allows businesses to accept in-person near-field communication (NFC) card payments quickly and efficiently using their software development kit (SDK). It serves banks, payment providers, and software-as-a-service (SaaS) startups. It was founded in 2020 and is based in Riyadh, Saudi Arabia.
Veem offers a payment platform for businesses to send and receive money globally. It provides flexible digital payments, competitive exchange rates, payment tracking, and workflow automation. It serves various industries such as e-commerce, freelancers, manufacturing, and others. The company was formerly known as Align Commerce. It was founded in 2014 and is based in San Francisco, California.
Mswipe offers mobile POS solutions that enable merchants to accept various card payments using compact, wireless devices without the need for a bank account or paper charge slips. Mswipe primarily caters to the needs of small enterprises, with mainstream financial services and digital commerce. It was founded in 2011 and is based in Mumbai, India.
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