SumUp Raises €1.5 Billion in Funding Led by Goldman Sachs for Global Growth Opportunities

Global FinTech company SumUp has secured a massive €1.5 billion in funding from private credit lenders, with Goldman Sachs leading the round. This funding will be used to refinance existing debt and fuel global growth opportunities for the company.

The new investors in SumUp include AllianceBernstein, Apollo Global Management, Arini, Deutsche Bank AG, Fortress Investment Group, SilverRock Financial Services, and Vista Credit Partners. They join the existing list of investors such as BlackRock, Crestline Investors, Liquidity Capital, Oaktree Capital Management, Sentinel Dome, and Temasek.

SumUp’s CFO, Hermione McKee, expressed gratitude for the continued support from the investor community, which has enabled the company to serve millions of merchants globally over the past decade. McKee highlighted the company’s mission to empower small businesses and provide them with the tools they need to succeed.

Founded in 2012, SumUp serves as the financial partner for over 4 million small merchants in 36 markets worldwide. The company offers a range of services through its SuperApp, including a free business account and card, an online store, invoicing solutions, and seamless payment acceptance both in-person and remotely.

With this significant funding, SumUp aims to capitalize on future growth opportunities and continue expanding its suite of payment products. This news marks a significant milestone for the company as it looks to further solidify its position in the FinTech industry.