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.) (Jul 2021) | 2,551 | |
| 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 | 2 years 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 | FY, 2012 |
|---|---|
Financial Leverage | 2 x |
SumUp Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Paysolut | February 02, 2021 | |
| Goodtill | November 19, 2020 | |
| Shoplo | February 12, 2019 | |
| payleven | April 27, 2016 |
SumUp Online and Social Media Presence
7.63k Twitter followers
SumUp has 7.63k Twitter Followers. The number of followers has increased 2% month over month and increased 18.3% quarter over quarter
SumUp's Trends
Twitter Engagement Stats for @sumup
5.4k
Tweets
748
Following
7.6k
Followers
52
Tweets last 30 days
2.4
Avg. likes per Tweet
73.1%
Tweets with engagement
SumUp News and Updates
June 09, 2021
SumUp collaborates with Google Pay to allow merchants to make business transactions using SumUp Card
Global payments service provider SumUp today announces it has collaborated with Google Pay to allow merchants to make safer and quicker business transactions using SumUp Card.
April 27, 2021
SumUp appoints new CTO
Global payments service provider SumUp is today announcing the appointment of its new CTO, with Visual Meta Co-Founder and former CTO, Johannes Schaback, taking up the role as of May 1st.
March 16, 2021
London-based payments provider SumUp raises €750 million
Fresh off a number of recent acquisitions, London-based payments provider SumUp has recently raised €750 million. The oversubscribed round saw participation from existing backers Goldman Sachs, and Bain Capital Credit, and new investors Temasek, Crestline, and funds managed by Oaktree Capital Manage…
March 16, 2021
SumUp secures €750 million in debt financing
Global payments service provider SumUp (www.sumup.co.uk) announces today that it has raised a €750m facility from Goldman Sachs, Temasek, Bain Capital Credit, Crestline, and funds managed by Oaktree Capital Management, L.P..
March 16, 2021
SumUp, which helps businesses take card payments, raises $895M to double down on growth
SumUp, a London-based startup that helps businesses power revenues through card payments — by way of physical readers, online payments and invoices — is itself powering up in a big way. Today it announced funding of €750 million (around $895 million at today’s rates), money that it will be using to …
February 02, 2021
SumUp acquires Lithuanian fintech Paysolut
The global payment service provider SumUp has acquired the core banking system provider Paysolut, founded in Lithuania.
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 2,551 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 £9.5 k.
Who are SumUp competitors?
Competitors of SumUp include Square, Arroweye Solutions and iZettle.
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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