Meet SumUp - Financial Technology Company That Allows Businesses Of All Sizes To Receive Payments Quickly And Simply

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Below is our recent interview with Carmen Cracknell, PR Manager at SumUp:

Q: What is SumUp? For those who have never heard of it, tell us something more?

A: SumUp is a financial technology company that allows businesses of all sizes to receive payments quickly and simply, both in-store and online. Named as Europe’s fastest-growing company in the ‘Inc. 5000’, SumUp supports over 3 million merchants globally and operates in 33 markets across Europe, the US and Brazil. With its card terminals and online services relied upon by businesses of all sizes from DHL to black cab drivers – SumUp is the partner of choice for small businesses from every walk of life.

Q: What are the key benefits of using your solution for businesses?

A: SumUp’s 100% digital sign-up, fast delivery, and quick and easy set-up means that merchants can be empowered by digital transactions within just minutes from receiving their card terminal.

SumUp also offers a range of solutions for businesses of all sizes, including a business card, ecommerce platform, and invoicing services. Wherever you are in your business journey, SumUp is there to support that.

Q: You’ve recently raised €750 Million in Debt Financing funding; can you tell us something more?

A: SumUp will use the proceeds to accelerate its growth and continue to acquire and support its existing merchants in 33 markets across the world. The new funds will also be used to continue expanding SumUp’s product suite, both organically and through further acquisitions (M&A), as well as for refinancing existing debt facilities.

The company has recently broadened its product portfolio in the POS and gastronomy space across the UK and continental Europe through the acquisition of leading POS software providers Goodtill and Tiller. These recent acquisitions will put SumUp into contact with potentially millions of new customers, from cafes and restaurants right up to the biggest sports stadiums and concert arenas; signalling a new generation of SumUp merchants coming into play.

Q: Tell us something more about selling online using your technology?

A: Our ecommerce services have provided a vital lifeline for many small businesses who have been forced to shut their doors over the last year of lockdowns, allowing many to keep operating under incredibly tough restrictions on their livelihood. We have seen an a big increase in growth on our ecommerce services since March last year.

Q: What can we expect from you later in 2021? What are your plans?

A: We are always looking to expand into new markets and develop our product suite and this continues to be a primary focus for us, alongside continuing to support our merchants as they look to recover from the effect of the pandemic on their business.

Last Updated on April 25, 2021

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