SumUp secures €1.5bn credit deal with Goldman Sachs



UK-based SME fintech SumUp secures €1.5 billion credit deal led by Goldman Sachs Asset Management. Learn more about the deal and its implications.

SumUp, a leading fintech company based in London, has successfully raised additional funding from a group of prominent investors. The latest round of funding saw participation from various lenders, including BlackRock, Crestline Investors, Liquidity Capital, Oaktree Capital Management, Sentinel Dome, and Singapore state-owned investment firm Temasek. Additionally, AllianceBernstein, Apollo Global Management, Arini, Deutsche Bank AG, Fortress Investment Group, SilverRock Financial Services, and Vista Credit Partners joined as new investors.


SumUp secures €1.5bn credit deal with Goldman Sachs

This recent development follows a successful €285 million funding round led by Sixth Street Growth in December. With this latest funding, SumUp has now raised over €3.2 billion since its inception in 2012. In August, the company also secured a $100 million (approximately €93 million) credit facility from Victory Park Capital. Notably, SumUp also facilitated a similar credit arrangement for Klar, a digital financial services platform in Mexico, during the same month.

SumUp's super-app offers a range of services to four million merchants across 36 markets, including card, payment, and business account services, invoicing solutions, and online store capabilities. The company plans to utilize the new funding to refinance existing debt, pursue global growth opportunities, and capitalize on both organic and inorganic growth prospects in the future.

SumUp's latest funding round underscores the company's continued success and growth trajectory in the fintech industry. With the support of a diverse group of investors, SumUp is well-positioned to expand its offerings and reach new markets in the coming years.

SumUp secures €1.5bn credit deal with Goldman Sachs

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