🏆 Deal of the Week · CW 50/2023
SumUp raised EUR 285 million in a venture funding round, the closing of which was reported in December 2023; no valuation was disclosed. The round was backed by Bain Capital Tech Opportunities, FIN Capital, LIQUiDITY Group, and Sixth Street. The capital is earmarked to give small merchants expanded tools to start, run, and scale their businesses.
London-based fintech SumUp raises €285 million to provide small merchants with the tools to scale their businesses — key deal facts
| Company | London-based fintech SumUp raises €285 million to provide small merchants with the tools to scale their businesses |
| Founded | 2011 |
| Headquarters | London, United Kingdom |
| Amount raised | EUR 285M |
| Valuation | Valuation Remains Undisclosed |
| Round | Venture – Series Unknown |
| Investors | Bain Capital Tech Opportunities FIN Capital LIQUiDITY Group Sixth Street |
| Sectors | FinTech |
Who invested in London-based fintech SumUp raises €285 million to provide small merchants with the tools to scale their businesses?
The round drew participation from Bain Capital Tech Opportunities, FIN Capital, LIQUiDITY Group, and Sixth Street. The syndicate combines a large-cap private-equity technology fund, a specialist fintech venture investor, a revenue-based financing platform, and a major alternative credit and investment firm — a notably diversified mix that spans growth equity, venture, and credit strategies. This breadth of investor types reflects the scale of capital required and the maturity SumUp has reached within the small-business payments market.
What does London-based fintech SumUp raises €285 million to provide small merchants with the tools to scale their businesses do?
SumUp is a London-headquartered fintech founded in 2011 that provides payment and financial services to small merchants across 37 markets. Its core product suite includes proprietary card terminals, point-of-sale registers, a Super App bundling a free business account, a business card, online store, and invoicing, as well as remote payment tools such as payment links and digital invoices. The company serves more than 4 million merchants globally, positioning itself as an end-to-end commerce platform for micro and small businesses rather than a single-product payments provider.
London-based fintech SumUp raises €285 million to provide small merchants with the tools to scale their businesses valuation & multiples
No valuation was disclosed in connection with this round, and no verified EV/Sales or EV/EBITDA multiples are available for this transaction. Comparable FinTech payments companies have historically traded across a wide range of revenue and earnings multiples depending on growth profile and market conditions. For current sector benchmarking, readers can explore Venionaire DealMatrix's FinTech sector multiples pages.
Frequently asked questions
How much did SumUp raise in its venture funding round?
SumUp raised EUR 285 million in a venture funding round reported in December 2023.
What is SumUp's valuation following this round?
SumUp's valuation was not disclosed in connection with this EUR 285 million funding round.
Who invested in SumUp's EUR 285 million round?
The round was backed by Bain Capital Tech Opportunities, FIN Capital, LIQUiDITY Group, and Sixth Street.
When was SumUp founded and where is it based?
SumUp was founded in 2011 and is headquartered in London, United Kingdom.
Source: original announcement — read the full report.