SumUp

OverviewSuggest Edit

SumUp provides a mobile point-of-sale application designed to help in card transaction. 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.
TypePrivate
Founded2011
HQLondon, GBMap
Websitesumup.co.uk
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Employees (est.) (Mar 2019)820(+8%)
Revenue (FY, 2017)£24.3 M(+200%)

Key People/Management at SumUp

Daniel Klein

Daniel Klein

Founder and CEO
Klaus Hommels

Klaus Hommels

Investor
Stefan Jeschonnek

Stefan Jeschonnek

Co-Founder and CMO
Marc Christ

Marc Christ

Co-Founder and CSO
Jan Deepen

Jan Deepen

Co-Founder and CCO
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SumUp Office Locations

SumUp has an office in London
London, GB (HQ)
52 Broadwick Street
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SumUp Financials and Metrics

Summary Metrics

Founding Date

2011

SumUp total Funding

$44.3 m

SumUp latest funding size

$11.29 m

Time since last funding

4 years ago

SumUp 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
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SumUp Revenue

SumUp's revenue was reported to be £24.29 m in FY, 2017
GBP

Revenue (FY, 2017)

24.3m

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
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

822.0k885.0k1.8m8.1m24.3m

Revenue growth, %

103%39%

Cost of goods sold

1.0k8.0k10.5k3.2m20.8m

Gross profit

821.0k877.0k1.8m4.8m3.5m
show all
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

420.0k1.3m2.4m4.9m10.8m

Accounts Receivable

13.5m

Current Assets

630.0k781.0k1.5m2.6m5.2m24.7m

PP&E

5.0k4.0k1.7k2.7k3.6k
show all
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(180.0k)(13.0k)(368.0k)(36.6k)(32.0k)1.7m

Cash From Operating Activities

(297.0k)33.0k361.5k2.1m6.1m

Cash From Financing Activities

731.0k807.0k662.0k300.2k(129.7k)

Net Change in Cash

420.0k835.0k1.0m2.4m5.9m
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GBPY, 2017

Revenue/Employee

85.6k

Financial Leverage

7.4 x
Show all financial metrics

SumUp Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
ShoploFebruary 12, 2019
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Competitors

iZettle
Financial Services - Subsidiary
Arroweye Solutions
Financial Services - Private
360 Payment Solutions
Financial Services - Private
Qiwi
Financial Services - Public
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SumUp Online and Social Media Presence

Embed Graph
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SumUp News and Updates

February 13, 2019

SumUp acquires Shoplo

SumUp, the London-based financial technology company that allows small businesses to receive payment...
October 11, 2018

SumUp launches standalone 3G card reader

SumUp, the financial technology company that allows businesses of all sizes to receive payments quic...
October 11, 2018

UK payments startup SumUp launches a 3G-powered credit card reader

SumUp, the London-based payments startup, today launched the SumUp 3G Reader — a card terminal that lets merchants process payments without the need for a mobile app or a constant Wi-Fi connection. Previous iterations of SumUp’s card reader hardware required users to tether the device to either a sm…
March 19, 2018

Payments Landscape in Chile Opportunities and Risks to 2021

ReportsWeb.com published “Payments Landscape Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Posted via Industry Today. Follow us on Twitter @IndustryT…
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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, Klaus Hommels and Stefan Jeschonnek.

  • How many employees does SumUp have?

    SumUp has 820 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 £29.6 k.

  • Who are SumUp competitors?

    Competitors of SumUp include iZettle, Arroweye Solutions and 360 Payment Solutions.

  • Where is SumUp headquarters?

    SumUp headquarters is located at 52 Broadwick Street, London.

  • Where are SumUp offices?

    SumUp has an office in London.

  • How many offices does SumUp have?

    SumUp has 1 office.