British payments FinTech SumUp is reportedly looking to expand following a $1.6 billion loan. The private credit package will allow SumUp “to refinance existing debt, as well as have firepower to take advantage of any opportunities that arise over the next six months,” SumUp Chief Financial Officer Hermione Tomic told Bloomberg News...
SumUp is reportedly looking to raise 1 billion euros ($1.1 billion) from private credit lenders. The U.K. payments company would use the money to refinance existing debt, Bloomberg reported Friday (Feb. 23), citing unnamed sources. SumUp did not immediately reply to PYMNTS’ request for comment. The company’s...
Payments FinTech SumUp has raised $307 million to expand its footprint and develop new services. The British company, whose products include point-of-sale card readers, announced the funding Monday (Dec. 11), noting that it follows a year in which it has operated on a positive EBITDA...
SumUp has raised a $100 million credit facility to launch a merchant financing solution. The British company’s Cash Advance tool offers advances of up to £20,000, based on merchants’ payment history and repayable via payment acceptance using SumUp’s card readers. According to a release emailed...
May 04, 2023
The European region, Lynsey Verrillo, Head of Enablers and Small Business at Visa, and Marc-Alexander Christ, SumUp co-founder, told Karen Webster, is home to 28 million smaller firms, which drive a significant portion of the region’s GDP. And to fully embrace the great digital shift that has now transformed into the great omnichannel shift, payments […]
June 20, 2024
Adyen and SumUp have partnered to enable accelerated settlements for small businesses in Europe and the United Kingdom. This partnership expands the availability of SumUp’s near-instant settlements offering that already serves more than 4 million merchants in 36 markets around the world, the companies said in a Thursday (June 30) press release. “This partnership will […]
May 01, 2024
British payments FinTech SumUp is reportedly looking to expand following a $1.6 billion loan. The private credit package will allow SumUp “to refinance existing debt, as well as have firepower to take advantage...
February 23, 2024
SumUp is reportedly looking to raise 1 billion euros ($1.1 billion) from private credit lenders. The U.K. payments company would use the money to refinance existing debt, Bloomberg reported Friday (Feb. 23),...
December 11, 2023
Payments FinTech SumUp has raised $307 million to expand its footprint and develop new services. The British company, whose products include point-of-sale card readers, announced the funding Monday (Dec. 11),...
