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)
Type
Private
HQ
London, GB
Founded
2011
Size (employees)
409 (est)+9%
SumUp was founded in 2011 and is headquartered in London, GB

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

SumUp Office Locations

SumUp has offices in London, Dublin, Berlin and Greater London
London, GB (HQ)
52 Broadwick Street
Greater London, GB
32 Great Marlborough St
Greater London, GB
34 Great Marlborough St
Berlin, DE
Paul-Lincke-Ufer 39/40
Dublin, IE
Hospitality House, 16-20 South Cumberland Street

SumUp Financials and Metrics

Summary Metrics

Founding Date

2011

Total Funding

$44.3 m

Latest funding size

$11.3 m

Time since last funding

over 2 years

Investors

SumUp's latest funding round in June 2015 was reported to be $11.3 m. In total, SumUp has raised $44.3 m

SumUp Financials

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

Revenue

822 k885 k1.8 m4.8 m

Revenue growth, %

103%39%

Cost of goods sold

1 k8 k10.5 k871

Gross profit

821 k877 k1.8 m4.8 m
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

420 k1.3 m2.4 m4.8 m

Current Assets

630 k781 k1.5 m2.6 m5.1 m

PP&E

5 k4 k1.7 k2.6 k

Goodwill

871
    GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    (180 k)(13 k)(368 k)(36.6 k)(31.4 k)

    Cash From Operating Activities

    (297 k)33 k361.5 k2.4 m

    Cash From Financing Activities

    731 k807 k662 k(871)

    Net Change in Cash

    420 k835 k1 m2.4 m
      GBPY, 2016

      Revenue/Employee

      33.9 k

      Financial Leverage

      2.9 x
      Show all financial metrics

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