In September 2017, SumUp launched its service in 15 European countries - Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Norway, Slovakia and Slovenia. Since October 2016, SumUp has been operating in the United States. Since May 2014, SumUp also operates in Poland and Switzerland. In November 2013, SumUp launched service in Brazil. One month later, in December 2012, SumUp expanded to France, Belgium and Portugal. In November 2012, Italy, Spain and the Netherlands opened up as new markets. In August 2012 the company launched its services in Germany, Austria, United Kingdom and Ireland. SumUp is active in 34 countries and serves more than three million merchants. SumUp's SDKs and APIs support acceptance of Visa, VPay, Mastercard, Maestro, American Express, Apple Pay, Android Pay as well as local debit card schemes. Through the integration with the open SumUp platform, third parties can offer card acceptance via their native or browser-based applications. SDKs & APIs: SumUp allows third parties to integrate the end-to-end payment infrastructure as well as card terminals via the SumUp Terminal Payment SDK for iOS and Android as well as several other APIs for developers.Merchants can use it to make transfers and receive next-day payout. Business Account: Launched in 2021, this tool is a way for merchants to keep business and personal money completely separate.Online Store: In 2021 SumUp announced the relaunch of the SumUp Online Store, an e-commerce platform that enables anyone to create an online business for free.Gift Cards: launched in 2020 via a partnership with Google, small businesses can use Google My Business to add gift cards directly to their profile.Payment Links: launched in 2020 to allow small business to get paid safely and remotely via payment links sent via smartphone.Only available in Germany and select other countries.Other POS solutions are available via Tiller and Goodtill technologies. Point of sale system: As an all-in-one register, the SumUp Point of Sale system "POS register" consists of a SumUp card terminal, a pre-configured iPad, an iPad stand, a receipt printer, a cash drawer and a Wifi router.It has a built-in SIM card with data to enable payment processing over a local network connection. 3G Chip & Pin and NFC card terminal: SumUp's 3G card reader that works without an app.The card reader pairs with an Android or iOS-based smartphone or tablet via Bluetooth, to verify payments through the Internet. Chip & PIN and NFC card terminal: SumUp's main product is an EMV card reader which can read magnetic strip, chip ("Chip and Pin"), and RFID/ NFC ("contactless") payment cards.In June 2022, the company was valued at around €8 billion in a €590 million funding round and has since become one of Europe's most valuable fintechs. įollowing acquisitions and global expansion, SumUp now has almost 3,000 staff, spread across 23 locations, as of January 2022. In November 2021, SumUp announced it would be joining the 1% for the Planet coalition, and pledged to donate 1% of the annual Net Payment Revenue generated by SumUp Solo devices towards non-profits and businesses that offer impactful, long-term solutions to the ongoing environmental crisis. In April 2021, The Zoological Society of London (the international conservation charity behind London and Whipsnade Zoos) Partnered With SumUp to enable contactless fundraising at their sites. In March 2021, SumUp raised $895M in debt to double down on its B2C payments business. The acquisition allowed SumUp to expand its services to over 70 million consumers and 12,000 businesses in the US and expand its product offering for the end consumer. In October 2021, SumUp acquired the California-based customer loyalty startup Fivestars for $317MM. In February 2021, SumUp further acquired the Lithuanian core banking system provider Paysolut, after a two-years long business partnership between the two companies. In November 2020, SumUp acquired the London-based POS software provider Goodtill, followed by Paris-based Tiller in February 2021, to strengthen its position in the restaurant and hospitality sector. Debitoor is an invoicing software for freelancers and SMEs. SumUp also acquired Debitoor, a Danish company. In February 2019, SumUp announced its acquisition of the eCommerce platform, Shoplo. In April 2016, SumUp announced it would merge with competitor Payleven, a Berlin-based mobile payments provider by Rocket Internet. SumUp's first product was officially launched in August 2012. Investors include Goldman Sachs, Temasek, Bain Capital Credit, Crestline, Oaktree Capital Management, American Express, BBVA Ventures and Groupon. The idea of SumUp was conceived in 2011, and the company was founded in 2012.
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