Payments startup SumUp bags €285M amid fintech funding plunge

2023 has been a tough funding year for European fintech startups, with raised capital dropping 70% drop in H1 compared to the same period in 2022. But against this backdrop, British payment startup SumUp has still managed to bag €285mn to expand its global footprint. SumUp was founded in the UK in 2012 with the mission to level the playing field for small businesses. Through its SuperApp, it provides merchants with an online store, a free business account, and an invoicing solution — alongside remote and in-person payments integrated with the company’s card terminal and point-of-sale registers. The startup recently…

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