Since its inception in 2012, the company has consistently targeted an underserved market segment—small, micro, and nano businesses—providing them with necessary financial tools and services.
SumUp has demonstrated a decade of sustained growth, achieving positive EBITDA since December 2022.
This round attracted a mix of new and existing investors, including AllianceBernstein, Apollo Global Management, and Deutsche Bank AG, among others.
These firms join prior backers like BlackRock and Oaktree Capital Management, reaffirming confidence in SumUp’s strategic direction and robust market presence.
CFO Hermione McKee highlighted the enduring support from the investor community that has fueled SumUp’s sustained growth and expansion.
The fresh capital is earmarked for refinancing existing obligations and capturing further global growth opportunities, aiming to enhance support and product offerings for its vast merchant base.