No, you did not wake up back in 2021 but there is news this morning of a €285 Million (over $300m) fintech funding round.
Germany-founded but London-based SumUp has closed the massive funding round that is “mostly equity” which tempers our initial enthusiasm somewhat. But even a nine-figure equity round is enough to make the news these days.
No news on valuation other than it is higher than the $8.5 billion valuation SumUp achieved in 2022.
SumUp is a payments fintech focused on small businesses with four million small business customers in Europe, the Americas and Australia. They own the Fivestars loyalty app popular in this country and compete directly with PayPal and Square in many geographies.
Now 11 years old SumUp is one of the largest privately held payments startups in Europe. Even if we don’t know the full details of the funding round hats off to them for an up-round and large equity infusion.
Featured
SumUp taps €285M more in growth funding to weather the fintech storm
By Ingrid Lunden
SumUp — the fintech that provides payments and related services to some 4 million small businesses in Europe, the Americas and Australia — has picked up
From Fintech Nexus
> Fintech: Canopy expands into commercial lending, fintech lending projected to hit $5T by 2030.
By Laurence Smith
Canopy will service over $1B in loans this year.
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