SumUp closes series C funding round

Monday 18 August 2014 10:00 CET | News

UK-based mobile point of sale start-up SumUp has closed a series C financing round, led by Russian FinTech venture capital fund, Life.Sreda.

Existing investors, including Groupon, BBVA Ventures and various VC firms, also participated in the round.

The new money is set to be used for further development of SumUp’s technology and push its recently launched chip and PIN reader.

The financing round was announced to be “double digit, million dollar”.

In November 2013, SumUp launched its mobile payments service in Brazil and opened an office in São Paulo. The company is present in a total of 12 countries, including Germany, the UK and Russia.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: SumUp, Series C funding round, mPOS, Europe, UK, Russia venture capital
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events