SumUp

SumUp
Private
Industry Technology
Founded 2011 (2011) in London, United Kingdom[1]
Founder
  • Daniel Klein
  • Petter Made
  • Stefan Jeschonnek
  • Jan Deepen
  • Marc-Alexander Christ

[2]

Headquarters London, United Kingdom
Key people
 Daniel Klein (CEO)
Website sumup.co.uk

SumUp is a mobile payments company headquartered in London with offices in Berlin, London, Sofia, and São Paulo.[3] It is mostly active in Europe, where its main competitor is iZettle.

History

SumUp was founded in London in 2011. Investors include American Express, BBVA Ventures and Groupon.[3]

It was officially launched in August 2012.

Payleven acquisition

In April 2016, SumUp announced it would merge with competitor Payleven,[4] a Berlin-based mobile payments provider by Rocket Internet.[5]

Products

SumUp's main product is an EMV card reader which can read magnetic strip, chip ("Chip and Pin"), and RFID/NFC ("contactless") payment cards.[6] The card reader pairs with an Android or iOS-based smartphone or tablet via Bluetooth, to verify payments through the Internet.

References

  1. ↑ "SumUp Payments Limited: Private Company Information". Bloomberg. Retrieved 2017-01-23.
  2. ↑ "SumUp". crunchbase. TechCrunch. Retrieved 2017-01-23.
  3. 1 2 "About SumUp". SumUp. Retrieved 2017-01-23.
  4. ↑ Ingrid Lunden (27 April 2016). "SumUp and Payleven merge as European ‘Square clones’ consolidate". TechCrunch.
  5. ↑ Robin Wauters (27 April 2016). "Fintech Fusion: European mobile payment startups SumUp and Payleven confirm merger". tech.eu.
  6. ↑ "Contactless Card Reader NFC". SumUp. Retrieved 2017-01-23.
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