SME-focused payments business SumUp has raised €590mn in its latest found of funding.
In Brief:
The round was led by Bain Capital Tech Opportunities.
This leaves SumUp valued at €8bn.
The business is also celebrating a milestone of 10 years “supporting small merchants”.
What does this mean?
SumUp says that since 2012 it has expanded to support 35 countries worldwide, and has made a number of acquisitions including Goodtill, Tiller and Fivestars.
SumUp recently took part in FinTech Alliance’s panel on “Going Global” where VP of Global Payment Partnerships and Expansion, Steve Delpy, shared the business’ experience.
