OverviewSuggest Edit
SumUp provides a mobile point-of-sale application designed to help in card transactions. The Company's end-to-end payments platform offers a card terminal to accept credit and debit cards, using smartphones or tablets, in a secure and cost-effective way, enabling small merchants to accept card payments.
| Type | Private | |
| Founded | 2011 | |
| HQ | London, GB | Map |
| Website | sumup.co.uk |
Latest Updates
| Employees (est.) (May 2020) | 1,651 | (+5%) |
| Revenue (FY, 2017) | £24.3 M | (+200%) |
Key People/Management 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 an office in London
London, GB (HQ)
32-34 Great Marlborough St, Carnaby
SumUp Financials and Metrics
Summary Metrics
Founding Date | 2011 |
SumUp total Funding | $425.8 m |
SumUp latest funding size | $370.27 m |
Time since last funding | 10 months ago |
SumUp investors | Groupon, LLC, BBVA Ventures, Shortcut Ventures GmbH, Tengelmann Ventures, American Express Ventures, HV Holtzbrinck Ventures, Klaus Hommels, TA Ventures, Venture Incubator, BBVA, U-Start, Rancilio Cube, btov Partners, HPS Investment Partners, Goldman Sachs Private Capital Investing, H14, TPG Sixth Street Partners (TSSP), Bain Capital Credit |
SumUp's latest funding round in July 2019 was reported to be $370.3 m. In total, SumUp has raised $425.8 m
SumUp Revenue
SumUp's revenue was reported to be £24.29 m in FY, 2017 which is a 199.9% increase from the previous period.
| GBP | |
|---|---|
Revenue (FY, 2017) | 24.3m |
Revenue growth (FY, 2016 - FY, 2017), % | 199.9% |
Gross profit (FY, 2017) | 3.5m |
Gross profit margin (FY, 2017), % | 14.4% |
Net income (FY, 2017) | 1.7m |
EBITDA (FY, 2017) | 1.7m |
EBIT (FY, 2017) | 1.7m |
Cash (31-Dec-2017) | 10.8m |
| GBP | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|
Revenue | 822.0k | 885.0k | 1.8m | 8.1m | 24.3m |
Revenue growth, % | 8% | 103% | 350% | 200% | |
Cost of goods sold | 1.0k | 8.0k | 10.5k | 3.2m | 20.8m |
Gross profit | 821.0k | 877.0k | 1.8m | 4.8m | 3.5m |
| GBP | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|---|
Cash | 420.0k | 1.3m | 2.4m | 4.9m | 10.8m | |
Accounts Receivable | 13.5m | |||||
Current Assets | 630.0k | 781.0k | 1.5m | 2.6m | 5.2m | 24.7m |
PP&E | 5.0k | 4.0k | 1.7k | 2.7k | 3.6k |
| GBP | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|---|
Net Income | (180.0k) | (13.0k) | (368.0k) | (36.6k) | (32.0k) | 1.7m |
Cash From Operating Activities | (297.0k) | 33.0k | 361.5k | 2.1m | 6.1m | |
Cash From Financing Activities | 731.0k | 807.0k | 662.0k | 300.2k | (129.7k) | |
Net Change in Cash | 420.0k | 835.0k | 1.0m | 2.4m | 5.9m |
| GBP | Y, 2017 |
|---|---|
Revenue/Employee | 85.6k |
Financial Leverage | 7.4 x |
SumUp Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Shoplo | February 12, 2019 | |
| payleven | April 27, 2016 |
SumUp Online and Social Media Presence
4.96k Twitter followers
SumUp has 4.96k Twitter Followers. The number of followers has increased 1.3% month over month and increased 4.4% quarter over quarter
SumUp's Trends
Twitter Engagement Stats for @sumup
4.3k
Tweets
518
Following
5k
Followers
49
Tweets last 30 days
0.9
Avg. likes per Tweet
40.8%
Tweets with engagement
SumUp News and Updates
March 20, 2020
SumUp to offer free mobile payments to EU merchants
As Europe moves into COVID-19 lockdown - affecting small businesses and retailers everywhere -...
February 18, 2020
SumUp to issue payment card for merchants
SumUp, the UK-based financial technology company, has today announced the launch of its first-ever c...
February 18, 2020
SumUp launches Mastercard-powered ‘SumUp Card’ for business payments
SumUp, the London-based fintech company that enables small businesses to take card payments via its device and online, is launching its own pre-paid card in partnership with Mastercard. Dubbed “SumUp Card,” the new offering will enable merchants to gain quicker to access funds collected via SumUp as…
December 10, 2019
Caution Your Blast and SumUp cut the costs of handling contactless donations
More than 400 charities have signed up to a new service that slashes the cost of setting up contactl...
December 03, 2019
Penta moves to service mid-cap sector with SumUp partnership
The Berlin Fintech Penta is today announcing its partnership with the card reader giant, SumUp.
December 03, 2019
Penta, Berlin-based banking innovator, announces partnership with SumUp, card reader giant, to support offline businesses
Today Penta, the Berlin-based banking alternative aimed at SMEs and startups, announces its partnership with the card reader giant, London-based SumUp. The move is a bid by Penta to attract more offline traditional businesses, such as restaurants, craftsman, healthcare and architects. Penta, founded…
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, Klaus Hommels and Stefan Jeschonnek.
How many employees does SumUp have?
SumUp has 1,651 employees.
What is SumUp revenue?
Latest SumUp annual revenue is £24.3 m.
What is SumUp revenue per employee?
Latest SumUp revenue per employee is £14.7 k.
Who are SumUp competitors?
Competitors of SumUp include Arroweye Solutions, iZettle and 360 Payment Solutions.
Where is SumUp headquarters?
SumUp headquarters is located at 32-34 Great Marlborough St, Carnaby, London.
Where are SumUp offices?
SumUp has an office in London.
How many offices does SumUp have?
SumUp has 1 office.
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