SumUp

OverviewSuggest Edit

SumUp is a fintech company that enables businesses to accept card payments at the point of sale or on the go. Its payments platform offers a card terminal to accept credit and debit cards, using smartphones or tablets.

TypePrivate
Founded2011
HQLondon, GB
Websitesumup.co.uk

Latest Updates

Employees (est.) (Apr 2022)2,924(+3%)
Job Openings334
Revenue (FY, 2019)£116.4 M(+93%)
Cybersecurity ratingAMore
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Key People/Management at SumUp

Daniel Klein

Daniel Klein

Founder and CEO
Stefan Jeschonnek

Stefan Jeschonnek

Co-Founder
Marc Christ

Marc Christ

Co-Founder
Jan Deepen

Jan Deepen

Co-Founder
Steven Gilmore

Steven Gilmore

Head of People, Europe
Duco Trienekens

Duco Trienekens

Global Head of Retail
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SumUp Office Locations

SumUp has offices in London, Wilmington, São Paulo, Las Condes and in 3 other locations
London, GB (HQ)
34 Great Marlborough St, Carnaby
São Paulo, BR
R. Gilberto Sabino, 215 - Pinheiros
Las Condes, CL
Av. Apoquindo 3885, piso 18
Bogotá, CO
Carrera 7 No. 71-52, Torre A, Piso 5
Dublin 2, IE
Block 8, Harcourt Centre, Charlotte Way, Saint Kevin's
Vilnius, LT
Konstitucijos pr. 21b
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SumUp Financials and Metrics

Summary Metrics

Founding Date

2011

SumUp total Funding

$1.3 b

SumUp latest funding size

$894.93 m

Time since last funding

9 months ago

SumUp investors

SumUp's latest funding round in August 2021 was reported to be $894.9 m. In total, SumUp has raised $1.3 b
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SumUp Revenue

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View revenue for all periods
SumUp's revenue was reported to be £116.38 m in FY, 2019 which is a 92.7% increase from the previous period.
GBP

Revenue (FY, 2019)

116.4m

Revenue growth (FY, 2018 - FY, 2019), %

92.7%

Gross profit (FY, 2019)

5.0m

Gross profit margin (FY, 2019), %

4.3%

Net income (FY, 2019)

59.0k

EBIT (FY, 2019)

94.0k

Cash (31-Dec-2019)

45.1m
GBPFY, 2017FY, 2018FY, 2019

Revenue

27.4m60.4m116.4m

Revenue growth, %

121%93%

Cost of goods sold

23.4m52.8m111.4m

Gross profit

3.9m7.6m5.0m
GBPFY, 2017FY, 2018FY, 2019

Cash

12.2m24.9m45.1m

Accounts Receivable

15.2m20.8m20.8m

Inventories

2.7m

Current Assets

27.8m48.9m94.1m
GBPFY, 2017FY, 2018FY, 2019

Net Income

1.9m3.8m59.0k

Depreciation and Amortization

2.0k2.0k29.0k

Accounts Payable

20.3m18.1m46.6m

Cash From Operating Activities

6.9m13.4m20.6m
GBPFY, 2017

Revenue/Employee

96.4k

Financial Leverage

7.4 x
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SumUp Operating Metrics

Aug, 2021

Businesses Served

3 m

SumUp Acquisitions / Subsidiaries

Company NameDateDeal Size
PaysolutFebruary 02, 2021
GoodtillNovember 19, 2020
ShoploFebruary 12, 2019
paylevenApril 27, 2016

SumUp Revenue Breakdown

Embed Graph

SumUp revenue breakdown by business segment: 85.7% from Processing revenue and 14.3% from Sale of goods and services

SumUp Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

SumUp Online and Social Media Presence

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SumUp News and Updates

SumUp scores referral deal with PrestaShop

Global financial technology company SumUp and PrestaShop - the leading e-commerce platform in Europe and Latin America - announce a partnership that will give hundreds of thousands of merchants on the PrestaShop platform access to SumUp’s extensive product suite of tailor-made business tools thanks …

SumUp to commit one percent of future revenues to environmental causes

Global financial technology company SumUp (www.sumup.co.uk) has today announced its decision to join 1% for the Planet and commit 1% of future net revenues to environmental causes such as preventing deforestation, building renewable energy infrastructure, practicing regenerative organic agriculture,…

SumUp opens business accounts for fast-growing merchants

London-based global payments service provider SumUp today announces the launch of a new Business Account solution for SumUp merchants in the UK, and almost a dozen European markets.

This Week in European Tech: Qualcomm swoops in to buy Veoneer, GPS raises $300 million+, SumUp buys Fivestars, and more

Happy Friday! This week, the Tech.eu research team tracked more than 110 tech funding deals worth almost €1.6 billion, and more than 10 exits, M&A transactions, and rumours, and related news stories across Europe, including […] The post This Week in European Tech: Qualcomm swoops in to buy Veon…

SumUp enters US through acquisition of Fivestars

London-based mPOS vendor SumU has acquired Fivestars, a US local commerce network that combines a marketing platform with integrated payments, for $317 million in a mix of cash and stock.

SumUp sums up Fivestars for $317 million, gains access to over $3 billion in sales

London’s global payments provider SumUp has successfully completed the acquisition of Fivestars, a US-based startup that delivers vertically integrated payments, loyalty programmes, and a marketing automation platform. The translation amount […] The post SumUp sums up Fivestars for $317 million, ga…
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SumUp Frequently Asked Questions

  • When was SumUp founded?

    SumUp was founded in 2011.

  • Who are SumUp key executives?

    SumUp's key executives are Daniel Klein, Stefan Jeschonnek and Marc Christ.

  • How many employees does SumUp have?

    SumUp has 2,924 employees.

  • What is SumUp revenue?

    Latest SumUp annual revenue is £116.4 m.

  • What is SumUp revenue per employee?

    Latest SumUp revenue per employee is £39.8 k.

  • Who are SumUp competitors?

    Competitors of SumUp include Nexi, Square and Arroweye Solutions.

  • Where is SumUp headquarters?

    SumUp headquarters is located at 34 Great Marlborough St, Carnaby, London.

  • Where are SumUp offices?

    SumUp has offices in London, Wilmington, São Paulo, Las Condes and in 3 other locations.

  • How many offices does SumUp have?

    SumUp has 7 offices.