SumUp
Founded Year
2012Stage
Line of Credit - II | AliveTotal Raised
$4.107BLast Raised
$62.06M | 6 mos agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-47 points in the past 30 days
About SumUp
SumUp operates as a financial technology company providing payment processing and point-of-sale solutions for small businesses. It offers products including card readers, point of sale (POS) systems, and financial management tools to facilitate transactions and manage business operations. SumUp serves small to medium-sized enterprises across sectors such as retail and food and beverage. SumUp was formerly known as Ka-Ching Payments. It was founded in 2012 and is based in Wilmington, Delaware.
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ESPs containing SumUp
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The mobile point-of-sale (mPOS) market enables merchants to accept card and digital wallet payments using smartphones or tablets with attached card readers or tap-to-pay software. Solutions in this market include hardware dongles that connect to mobile devices, software-based point-of-sale applications, and tap-on-phone technology that uses NFC-enabled smartphones as payment terminals. These syste…
SumUp named as Leader among 15 other companies, including Block, Lightspeed Commerce, and FIS.
SumUp's Products & Differentiators
SumUp Solo Lite
Our card readers, like SOLO Lite, are also a major milestone. They’re portable, affordable, and designed for merchants who are always on the go. We’ve also developed business accounts that allow merchants to manage their finances, pay suppliers, and track income, all in one place.
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Research containing SumUp
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned SumUp in 1 CB Insights research brief, most recently on Jan 18, 2024.
Jan 18, 2024 report
State of Fintech 2023 ReportExpert Collections containing SumUp
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
SumUp is included in 7 Expert Collections, including Store tech (In-store retail tech).
Store tech (In-store retail tech)
1,840 items
Companies that make tech solutions to enable brick-and-mortar retail store operations.
Unicorns- Billion Dollar Startups
1,297 items
SMB Fintech
1,648 items
Payments
3,277 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
14,203 items
Excludes US-based companies
Fintech 100
249 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
SumUp Patents
SumUp has filed 9 patents.
The 3 most popular patent topics include:
- payment systems
- banking technology
- payment service providers
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
9/24/2021 | 9/17/2024 | Payment systems, Cryptocurrencies, Mobile payments, Banking technology, Payment service providers | Grant |
Application Date | 9/24/2021 |
|---|---|
Grant Date | 9/17/2024 |
Title | |
Related Topics | Payment systems, Cryptocurrencies, Mobile payments, Banking technology, Payment service providers |
Status | Grant |
Latest SumUp News
Nov 1, 2025
Pagamenti digitali: SumUp, +27,5% in Italia in 9 mesi 2025, -6,9% scontrino medio -2- Campobasso al top, +157,3% transazioni cashless (Il Sole 24 Ore Radiocor) - Milano, 01 nov - La percentualedi pagamenti senza contanti varia di settore in settore aseconda del capoluogo di regione analizzato. Le abitudini,tuttavia, cambiano di citta' in citta'. Ad Aosta, L'Aquila ePerugia si paga cashless soprattutto nei bar: qui,rispettivamente, le transazioni senza contatti sono il 34,2%,il 21,4% e il 19,5% del totale. Sempre nei bar si registranoquasi due pagamenti su dieci anche a Bari, Cagliari, Genova. Ancona guida la classifica dei capoluoghi italiani in cui sipaga cashless soprattutto in caffe' e ristoranti (31,8%),seguita da Roma (29,4%), Catanzaro (28,6%), Torino (28,4%),Palermo (28,3%) e Milano (27,9%). In questo settore lepercentuali di transazioni senza contanti sono alte anche aCampobasso (25,1%), Bologna (22,4%), Firenze (19,9%). AVenezia la maggior parte dei pagamenti senza contanti avvienenei fast food (14,9%), mentre Napoli e' prima per la spesacashless nei negozi di alimentari (19,7%). Guardando alsettore dei taxi, invece, in testa c'e' Trieste (13%), mentreTrento e' il capoluogo in cui si acquistano di piu' con cartai biglietti per cinema e concerti: la spesa in questosettore, infatti, rappresenta il 10% del totale dei pagamenticashless in citta'. Infine, a Potenza, le transazionidigitali si concentrano fra i parrucchieri, settore in cuiavviene il 9,9% dei pagamenti senza contanti. Rispetto al2024, il maggiore aumento di transazioni cashless si e'registrato a Campobasso: +157,3%. Seguono Ancona, con unacrescita del +105%, e Catanzaro (+70,7%). La classificaprosegue con Palermo (+69,3%), L'Aquila (+51,9%), Torino(+50,6%) e Cagliari (+46,1%). A chiusura della Top 10 ci sonoGenova (+39,1%), Potenza (+37,7%) e Bari (+34,9%). Guardandoallo scontrino medio 2025, i valori piu' bassi - che indicanouna maggiore propensione a pagare cashless anche le piccolespese - si registrano a Genova, Bologna e Cagliari:rispettivamente 23,3 euro, 24,4 euro e 27,5 euro. In tutti etre i casi si tratta di cifre ben al di sotto della medianazionale: 31,8 euro, gia' in calo del 6,8% rispetto all'annoprecedente. com-Mar
SumUp Frequently Asked Questions (FAQ)
When was SumUp founded?
SumUp was founded in 2012.
Where is SumUp's headquarters?
SumUp's headquarters is located at 1209 Orange Street, Wilmington.
What is SumUp's latest funding round?
SumUp's latest funding round is Line of Credit - II.
How much did SumUp raise?
SumUp raised a total of $4.107B.
Who are the investors of SumUp?
Investors of SumUp include Oaktree Capital Management, BlackRock, Apollo Global Management, Goldman Sachs Asset Management, Vista Credit Partners and 36 more.
Who are SumUp's competitors?
Competitors of SumUp include CloudWalk, Nochex, Tide, Kleo, Melio and 7 more.
What products does SumUp offer?
SumUp's products include SumUp Solo Lite and 4 more.
Who are SumUp's customers?
Customers of SumUp include Deb Dobney-Cobb, Aidan Conway and Arlene Wedgbury.
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Compare SumUp to Competitors
Ingenico specializes in payment acceptance and services across various sectors including retail, transportation, and hospitality. The company offers products and services that facilitate payment transactions, including smart terminals, a cloud-based payments platform, and terminal management solutions. Ingenico also provides services such as loyalty programs, gift card services, and currency conversion. It was founded in 1980 and is based in Suresnes, France. In February 2020, Ingenico was acquired by Worldline at a valuation of $8600M.
Hash operates a financial technology platform. It enables companies to create and test payment and other financial solutions. It provides non-financial business-to-business (B2B) enterprises wishing to offer banking services with payment infrastructure. The company was founded in 2017 and is based in Sao Paulo, Brazil.
Revolut operates as a financial technology company that provides a digital banking platform. It offers financial services including money management tools, foreign exchange trading, cryptocurrency transactions, and investment services. The company serves individual consumers who want to manage finances. It was founded in 2015 and is based in London, United Kingdom.
Veem offers a payment platform for businesses to send and receive money globally. It provides flexible digital payments, competitive exchange rates, payment tracking, and workflow automation. It serves various industries such as e-commerce, freelancers, manufacturing, and others. The company was formerly known as Align Commerce. It was founded in 2014 and is based in San Francisco, California.
NearPay provides payment infrastructure solutions within the fintech sector. The company offers a software development kit (SDK) that allows merchants to accept in-person NFC card payments. NearPay's services include transaction processes for businesses, offering purchase, refund, and reconciliation functionalities. It was founded in 2020 and is based in Riyadh, Saudi Arabia.
PayU is a company in global payments and fintech, focusing on enabling local and cross-border payments as well as providing financial services. The company offers a payment platform that facilitates online payment processing and payment gateway services. PayU primarily serves sectors such as e-commerce, hospitality, and marketplace solutions. It was founded in 2002 and is based in Hoofddorp, Netherlands. PayU operates as a subsidiary of Naspers.
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