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sumup

Global mobile payments company

1001+ employees
  • Fintech
  • B2B
  • Enterprise
  • Banking
  • Payments
  • Credit cards
  • Financial Services
  • SaaS
  • Mobile
Carnaby, London, UK

Company mission

To empower small merchants across the globe.

Top investors

6% employee growth in 12 months

Otta's take

Theo Margolius headshot

Theo Margolius

COO of Otta

The cloud has been transformational for Point Of Sales (POS) systems, and in recent years even the smallest of business has been able to accept payments by card. This is because of companies such as SumUp, which since 2012 has been providing POS and payments solutions to any business with a data connection.

SumUp has partnered with many well-known brands, such as MasterCard, Booking.com, Starling Bank, and Treatwell, just to name a few. Its solution started out with a single card reader but has since grown into a range of devices, online payment services and business accounts. Favoured by over 4 million businesses, it keeps ahead of competitors like Zettle and Square with lower transaction fees and a wider range of payment options.

SumUp has recently claimed the position of largest POS solution provider in Europe, a spot it is holding onto by constantly refining its product. It has released POS Lite and POS Pro in most European markets, serving the smallest and fastest-growing businesses respectively. After a $307 million December 2023 funding round, SumUp will continue to grow its market presence and develop its product range, adding more readers to meet the needs of its rapidly increasing client base.

Benefits

  • We offer location-specific perks you can enjoy both at work and in your free time
  • We have a dedicated budget for attending conferences and external training
  • Nurture your professional growth by exchanging constructive feedback with other SumUppers
  • If you’re moving from overseas, we’ll help you adjust to life in your new country

Company values

  • WE CARE: We’re humble and transparent, and seek to learn from our mistakes. We have fun together and don’t take ourselves too seriously.
  • TEAM FIRST: We believe that we’re stronger together, that teams should be free to make their own decisions, and that the main role of leaders is to serve their teams.
  • FOUNDER'S MENTALITY: We’re pragmatic, invest time and effort wisely, and strive to stay positive in the face of adversity.

Funding (last 2 of 5 rounds)

Dec 2023

$307m

LATE VC

Jun 2022

$312m

LATE VC

$662m

Total funding

This company has top investors

Founders

Prior to Sumup, was Chief Executive Officer at Pure Ventures.