Tag: Sumup
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London-Based PayTech SumUp Raises €590 Million At An €8 Billion Valuation!
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Large financing rounds continue to occur amid the economic downturn and the FinTech cool-off. The 10-year-old London-based SumUp (website) has raised €590 million in new funding round at a €8 billion valuation. These are impressive numbers and a significant amount in times of cautious VC investors bringing the FinTech’s total…
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German-British SumUp Cuts Jobs In Brazil While Expecting Fresh Money!
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According to the #DealMonitor of Deutsche Startups, the German-British FinTech SumUp is about to close a finance round for $400 million at a value of $6.5 billion. The Fintech was founded in 2011 by Daniel Klein, Marc-Alexander Christ, Stefan Jeschonnek, and Jan Deepen. It positions itself as a mobile point-of-sale…