Key Data

• Trading Name: SumUp
• Legal Entity: SumUp Payments Limited, SumUp Inc.
• Activities: PayTech
• Location: London, UK
• Regulations: authorized by the Financial Conduct Authority (FCA) in the UK as an e-Money Institution.
• Key People: Marc-Alexander Christ, Petter Made, Jan Deepen, and Stefan Jeschonnek 

SumUp is a London-based PayTech and a  leading provider of mobile point of sale (mPOS). Marc-Alexander Christ, Petter Made, Jan Deepen, and Stefan Jeschonnek founded SumUp in 2012. The PayTech serves 4M merchants in 35 countries with 3,000 employees.

SumUp Payments Limited is authorized by the UK’s Financial Conduct Authority (FCA) as an e-Money Institution.

Offering

With SumUp, merchants can easily, securely, and cheaply accept card payments with their smartphone or tablet. With the SumUp mobile card reader and the associated app for iOS and Android, a smartphone or tablet can be turned into a card terminal in no time at all.

Fees

0 €
MONTHLY COSTS

0,95%
EC-CARDS

2,50%
CREDIT CARDS

News

In June 2022, the company secured $624 million in fresh funding. In December 2023, the company secured another funding in the amount of €285 million. Thus, the company has received more than $1.8 billion in funding from prominent investors.

Conclusion

We have not found any complaints about SumUp. They should be well financed, and their products and solutions seem to be convincing. Thus, we have included them in our “Green Compliance” list.