Company Overview

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Founded:
2011
Founders:
Jan Deepen, Stefan Jeschonnek, Petter Made, Daniel Klein, Marc Christ
Headquarters:
Dublin
Funding:
$20M
Categories:
Credit Cards, Mobile Payments, Mobile
Description:
SumUp is a mobile point-of-sale (mPOS) company based in Europe, enabling debit and credit card payments through smart phones or tablets.

Detailed Description

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SumUp is the leading mobile point-of-sale (mPOS) company in Europe, set to revolutionize the global payments market.

With SumUp’s solution, merchants accept credit and debit cards, using their smartphones or tablets, in a simple, secure and cost-effective way. SumUp's mobile card acceptance solution is built on proprietary end-to-end EMV payment gateway technology, terminal hardware and mobile applications. SumUp only charges a fee of 1.95% per card transaction.

The company is authorised as a Payment Institution by the Financial Conduct Authority (FCA) and is Europay, MasterCard, and Visa (EMV) and PCI-DSS certified, ensuring that payments are processed in accordance with the highest security standards.

Launched in August 2012, SumUp expanded into 11 countries across Europe and is now expanding globally with a team of over 140 people from 26 nations. The company has major offices in London, Berlin, Dublin, and Moscow. SumUp is backed by American Express, BBVA Ventures, Groupon and other renowned venture capital investors.

Current Team (6)

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Funding Rounds (3) - $20M

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Investors (8)

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  • 38a2ee594f3141af6182f435e804728a

    BBVA Ventures

    BBVA Ventures provides funding and strategic support for entrepreneurs in the financial industry.
  • 33bdf1574b179b9ca8a8793bc6925cab

    Groupon

    Groupon provides merchants with a suite of products and services such as customizable deals,...
  • 9de640bb45fd54390c20c2c86a43c757

    American Express

    American Express is a global financial services company best known for its credit card, charge...
  • 5307ea43d2f5452bfc1e7513838b2a9b
  • F5512182ee9ad44060fe5ec9549c0847

    Tengelmann Ventures

    With the establishment of the first online shops a discounter in 2001 took over the Tengelmann...
  • 7030fd9087dc504224d6a10ea67e7044

    Shortcut Ventures GmbH

    Shortcut is a venture capital firm focusing on early-stage startups in the fields of internet,...
  • 040796b17b43585fa4698373ed1aad93

    b-to-v Partners AG

    b-to-v Partners AG (b-to-v) is headquartered in St. Gallen, Switzerland. The company serves...
  • E5aiu2bgpduipua8dnja

    TA Venture

    TA Venture invests in seed and early-stage web companies.

Offices/Locations (2)

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  • Berlin Office

    Paul-Lincke-Ufer 39/40

    Berlin, 10999

    DEU

  • Dublin Office

    Hospitality House

    16-20 South Cumberland Street

    Dublin, 2

    IRL

Images (1)

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  • F62c4053991d66df18ea4a61101eb5bb