🏆 Deal of the Week · CW 25/2022
SumUp raised USD 624 million in a Venture – Series Unknown round in June 2022, valuing the company at USD 8.5 billion. The round was co-led by Bain Capital Tech Opportunities and BlackRock, alongside a syndicate of five additional institutional investors. At the time of closing, SumUp's payment and business technology was used by more than 4 million small and medium-sized businesses globally.
SumUp — key deal facts
| Company | SumUp |
| Founded | 2011 |
| Headquarters | London, United Kingdom |
| Amount raised | USD 624M |
| Valuation | USD 8.5B |
| Round | Venture – Series Unknown |
| Investors | Bain Capital Tech Opportunities (https://www.baincapitaltechopportunities.com/) BlackRock (https://www.blackrock.com/at) btov Partners (https://btov.vc/) Centerbridge Partners LP (https://www.centerbridge.com/) Crestline (https://www.crestlineinvestors.com/) FIN Capital (https://fin.capital/) Sentinel Capital Partners (https://www.sentinelpartners.com/) |
| Sectors | FinTech |
Who invested in SumUp?
The round drew capital from Bain Capital Tech Opportunities, BlackRock, btov Partners, Centerbridge Partners LP, Crestline, FIN Capital, and Sentinel Capital Partners. The investor mix is notable for spanning growth-equity specialists, large institutional asset managers, and dedicated fintech funds — a combination that reflects both the scale of the raise and SumUp's positioning as a late-stage private company approaching public-market relevance. No single investor was named sole lead, underscoring the breadth of institutional appetite for the deal.
What does SumUp do?
SumUp is a global FinTech company founded in 2011 and headquartered in London, United Kingdom. The company provides small merchants with affordable, integrated payment and business management solutions, including proprietary card readers, point-of-sale systems, a business account with a debit card, online stores, invoicing, payment links, and loyalty programs. These products are unified within a Super App that also incorporates a consumer wallet. At the time of this funding round, SumUp operated across 37 markets and served over 4 million SMB merchants worldwide.
SumUp valuation & multiples
No existing multiples analysis was provided for this deal. When available, revenue-based valuation benchmarks for FinTech payments businesses — typically expressed as EV/Sales and EV/EBITDA multiples — can contextualise the USD 8.5 billion headline figure against sector peers. Readers can explore current FinTech sector valuation multiples on the Venionaire DealMatrix FinTech multiples pages.
Frequently asked questions
How much did SumUp raise in its Venture – Series Unknown?
SumUp raised USD 624 million in a Venture – Series Unknown round closed in June 2022.
What is SumUp's valuation?
SumUp was valued at USD 8.5 billion at the time of this funding round.
Who invested in SumUp?
The round was backed by Bain Capital Tech Opportunities, BlackRock, btov Partners, Centerbridge Partners LP, Crestline, FIN Capital, and Sentinel Capital Partners.
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.