Who owns Payleven?
In April 2016, SumUp announced it would merge with competitor Payleven, a Berlin-based mobile payments provider by Rocket Internet. In February 2019, SumUp announced its acquisition of the eCommerce platform, Shoplo. SumUp also acquired Debitoor, a Danish company.
How much is SumUp worth?
SumUp Funding, SumUp Valuation & SumUp Revenue SumUp’s valuation in July 2019 was $1,000M.
Is SumUp in USA?
SumUp, Europe’s leading mobile point-of-sale (mPOS) company, today launched its mobile payments platform in the United States.
Is SumUp a bank?
No, SumUp isn’t a bank. We are a leading financial services provider and an authorised electronic money institution, regulated in the UK by the Financial Conduct Authority (licence no. 900700).
How much of SumUp does Groupon own?
On Tuesday, in an update to the “frequently asked questions” section of its investor relations website, Groupon clarified that it holds a 2.4% stake in SumUp, after selling half of its stake in 2020 for $34 million in cash.
Is SumUp part of Starling bank?
SumUp allows merchants to receive money directly into their accounts quickly thanks to its partnership with Starling Bank. Payouts can be daily, weekly or monthly. The company was named as Europe’s fastest-growing company in the Inc.
How many employees does SumUp have?
Serving cafés, beauty salons and mobile businesses in 31 countries on three continents with more than 500 employees globally, SumUp underscores its position as global leader in card acceptance.
How many customers does SumUp have?
three million users
Today, we service over three million users globally.” SumUp broadened its portfolio in the POS and gastronomy space in the UK and Europe with Goodtill and Tiller’s acquisition, leading POS software providers.
Does SumUp take commission?
Transaction fees We simply charge a small percentage fee on a transaction to transaction basis. In other words, you only pay when you get paid. For all our card readers, the standard fee is: Debit card: 1.69%
Is SumUp a bank account?
Is SumUp a bank? No, SumUp isn’t a bank. We are a leading financial services provider and an authorised electronic money institution, regulated in the UK by the Financial Conduct Authority (licence no. 900700).
Is SumUp free?
Transaction fees There are no monthly fees and no contractual obligations with SumUp. We simply charge a small percentage fee on a transaction to transaction basis.
What bank does SumUp use?
SumUp allows merchants to receive money directly into their accounts quickly thanks to its partnership with Starling Bank. Payouts can be daily, weekly or monthly.
Did Groupon go out of business?
On the bright side, Groupon won’t go bankrupt anytime soon. Its cash and equivalents balance dipped 11% to $750.9 million in 2019, but it hasn’t drawn any cash from its $400 million revolving credit facility yet.
What bank is SumUp?
Is SumUp a startup?
SumUp, a London-based startup that helps businesses power revenues through card payments — by way of physical readers, online payments, invoices and other services — is itself powering up in a big way.
What companies use SumUp?
SumUp also plans to scale existing partnerships across the new markets. The company has successfully built a strong partnership portfolio across Europe, including Metro Cash & Carry, Unicredit, UBS, Tupperware and mytaxi.
Can SumUp be hacked?
A SumUp spokesperson told us that “there has never been any fraud attempted through its terminals using the magnetic stripe-based method.” “All the same, as soon as the researchers contacted us, our team successfully removed any possibility of such an attempt at fraud in the future.
Where is SumUp based?
About SumUp It was founded in 2011 and is based in London, England.