SumUp is the leading mobile point-of-sale (mPOS) company in Europe and is set to empower the world to accept card payments.
With SumUp, merchants can accept credit and debit cards, using their smartphones or tablets, in a simple, secure and cost-effective way. SumUp is the only company of its kind to provide a mPOS Chip & PIN solution built on proprietary end-to-end EMV payment technology, terminal hardware and mobile applications.
Launched in August 2012, SumUp has expanded into 14 countries, including the UK, Germany, Russia and Brazil. The company has major offices in London, Berlin, Sofia, Moscow, and São Paulo.
SumUp is backed by American Express, Groupon, BBVA Ventures and other renowned venture capital investors.
SumUp is the leading mobile point of sale (mPOS) company. Our mission is to empower local business. With our payment technology, we help small and medium-sized businesses to be more successful. With SumUp, merchants can quickly and easily start accepting credit and debit card payments in a simple, secure and cost effective way.
More than 100 outstanding people from over 20 nations have helped us achieving these goals in 14 countries so far, but of course we won’t stop there. SumUp is a place to work at with major offices in Berlin, London, Sofia, Moscow and São Paulo. In our Berlin office, you will encounter more than 50 people who are as passionate, professional and skilful as you are. Our team is what makes working at SumUp so special.
Company Growth (employees)
SumUp was founded in 2011 and is headquartered in London, GB
Key People at SumUp
Daniel Klein
Founder and CEO
Klaus Hommels
Investor
Stefan Jeschonnek
Co-founder and CMO
Marc Christ
Co-founder and CSO
Jan Deepen
Co-founder and CCO
SumUp Office Locations
SumUp has offices in London, Dublin and Berlin
London, GB (HQ)
52 Broadwick Street
Berlin, DE
Paul-Lincke-Ufer 39/40
Dublin, IE
Hospitality House, 16-20 South Cumberland Street
SumUp Data and Metrics
Summary Metrics
Founding Date | 2011 |
Total Funding | $44.3 m |
Latest funding size | $11.3 m |
Time since last funding | about 2 years |
Investors | Groupon, btov Partners, BBVA Ventures, Klaus Hommels, LLC, BBVA, Venture Incubator, Shortcut Ventures GmbH, Tengelmann Ventures |
SumUp's latest funding round in June 2015 was reported to be $11.3 m. In total, SumUp has raised $44.3 m
SumUp Financial Metrics
SumUp's revenue was reported to be £4.8 m in FY, 2016 which is a 165% increase from the previous period.
GBP
Revenue (FY, 2016) | 4.8 m |
Revenue growth (FY, 2015 - FY, 2016), % | 39% |
Gross profit (FY, 2016) | 4.8 m |
Gross profit margin (FY, 2016), % | 100% |
Net income (FY, 2016) | (31.4 k) |
Cash (31-Dec-2016) | 4.8 m |
| GBP | FY, 2015 | FY, 2016 |
|---|---|---|
Revenue | 1.8 m | 4.8 m |
Revenue growth, % | 103% | 39% |
Cost of goods sold | 10.5 k | 871 |
Gross profit | 1.8 m | 4.8 m |
Gross profit Margin, % | 99% | 100% |
Pre tax profit | (36.6 k) | (31.4 k) |
Net Income | (36.6 k) | (31.4 k) |
| GBP | FY, 2015 | FY, 2016 |
|---|---|---|
Cash | 2.4 m | 4.8 m |
Current Assets | 2.6 m | 5.1 m |
PP&E | 11.3 k | 16.5 k |
Goodwill | 871 | |
Total Assets | 2.6 m | 5.1 m |
Accounts Payable | 112.4 k | 28.7 k |
Current Liabilities | 700.3 k | 3.2 m |
Total Liabilities | 1.1 m | 3.3 m |
Retained Earnings | (36.6 k) | (31.4 k) |
Total Equity | 1.5 m | 1.8 m |
Financial Leverage | 1.8 x | 2.9 x |
| GBP | FY, 2015 | FY, 2016 |
|---|---|---|
Cash From Operating Activities | 361.5 k | 2.4 m |
Cash From Financing Activities | 662 k | (871) |
| GBP | Y, 2016 |
|---|---|
Revenue/Employee | 33.9 k |
Financial Leverage | 2.9 x |
Market Position of SumUp
Traffic Overview of SumUp
SumUp Online and Social Media Presence
SumUp News and Updates
February 08, 2017
SumUp co-founders are back with bookkeeping AI startup Zeitgold
The next time you go to your favorite restaurant or cocktail bar, talk with the manager about bookkeeping. Chances are that they’ll tell you that they waste a ton of time collecting and recording various documents. German startup Zeitgold wants to automate this pesky process so that you can spend m…