Skip to content
Payment Card YearbooksPayment Card Yearbooks
mPOS player SumUp closes funding round

mPOS player SumUp closes funding round

European mPOS specialist SumUp has closed a double-digit million dollar Series C funding 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.

SumUp

mPOS player SumUp has closed a funding round

The funding will be used to expand SumUp’s technology and push its recently launched chip and PIN reader, which in a European first, the company built itself.

Alex Ivanov, chief financial officer of Life.Sreda, said: “No other mPOS player in the world has focused so much on disrupting the actual technology behind the revolutionary mPOS business model. We are impressed by SumUp’s end-to-end payments capabilities, especially their recently launched proprietary chip and PIN terminal.”

The post mPOS player SumUp closes funding round appeared first on Payments Cards & Mobile.

Cart 0

Your cart is currently empty.

Start Shopping