Layoff
Jun 2023Employee-reported layoff and restructuring at SumUp USA; scope was not publicly quantified.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Aug 5, 2026
Overview
SumUp is a London-headquartered private fintech founded in 2012 that helps small businesses accept in-person and online payments and manage adjacent operations and finances. Its core product is a card-reader/POS ecosystem expanded with payment links, online checkout/store, invoicing, business accounts, loyalty and merchant-finance products. Public company material says it serves over 4 million merchants in 38 markets and employs more than 3,000 people across 20+ offices. Funding data is inconsistent across databases because it mixes equity and debt; the best-documented recent transactions are the €285m/$307m December 2023 growth round and €1.5bn May 2024 private-credit transaction. Public evidence for remote policy, precise annual revenue, monthly traffic and a complete current executive roster is limited; those fields should be treated as estimates or unavailable rather than definitive.
Primary product
An integrated small-business payments platform centered on EMV/contactless card readers and POS, supplemented by online checkout/payment links, invoicing, online store, business account, loyalty and merchant-finance tools.
Founded
2012
Headquarters
London, United Kingdom
Team size
3,000–3,200+; LinkedIn reports 3,103 and official careers says over 3,000
Industry
Financial services / fintech
Sub-industry
Merchant acquiring, payment terminals, point-of-sale and embedded financial services
Offices
London, United Kingdom
Berlin, Germany
Cologne, Germany
Sofia, Bulgaria
Vilnius, Lithuania
Amsterdam, Netherlands
Barcelona, Spain
Paris, France
Dublin, Ireland
São Paulo, Brazil
Funding
Stage
Late-stage private fintech / growth-stage unicorn; significant debt and private-credit financing
Total raised
$1.5B
Latest round
Private credit / debt financing · May 2024
Latest amount
$1.6B
May 2025
Private credit / debt financing
May 2024 · Goldman Sachs
People & investors
Leadership
Chief Executive Officer
Co-Founder
Jan Deepen
Co-Founder
Stefan Jeschonnek
Co-Founder
Petter Made
Co-Founder
Georgi Kostov
Chief Technology Officer
Hermione McKee
Chief Financial Officer
Work & culture
Mission-driven, global and merchant-focused. Official values are Founder’s Mentality, Team First and We Care. Engineering uses autonomous cross-functional squads/tribes, ownership, agile practices, experimentation, Hack Days/Weeks and a build-it/run-it/improve-it mindset.
Visa sponsorship
Limited
Compensation
Public postings show location-specific salary ranges or benefits inconsistently; field-sales roles may be freelance/commission-based with uncapped commissions and residuals. No reliable company-wide compensation benchmark was found.
Benefits
Professional training and conference budget
Relocation support
Location-specific perks
360-degree feedback
Learning budget of €2,000 in at least some engineering roles
SumUp University and mentorship
Health and wellness benefits in some locations, including gym/fitness, subsidized Urban Sports Club and psychotherapy
Pension, public-transport subsidy, language learning and childcare/Kita support in some locations
Employee resource groups and diversity initiatives
Product & market
Pricing
Primarily hardware purchase plus flat, all-inclusive per-transaction fees; selected products have subscriptions or plan-dependent fees. Example UK pricing source lists 1.69% for card-reader/Tap to Pay transactions, 2.5% for payment links/online store/gift cards, and 0.99%–2.5% for invoices depending on plan; pricing varies by country and product.
Differentiators
- —Simple, transparent, all-in-one tools aimed at small merchants
- —Card readers plus POS, online payments, invoicing, business account and loyalty products
- —No long-term contract and generally no monthly fee for basic card acceptance in many markets
- —Global footprint across roughly 38 markets
- —Open APIs, SDKs and developer integrations
- —Integrated merchant data enables financial products and cash advances
- Strong localization and field-sales distribution
Scale & contact
Estimated revenue
GBP100M–GBP150M (third-party LinkedIn company data; not independently audited)
Signals & risks
Other
Oct 2023Secondary share transactions implied a valuation as low as $4.1bn versus roughly $8.5bn in 2022, although SumUp cautioned that secondary trades may not represent fair company value.
SourceAcquisition
Jan 2021Acquisition of US loyalty startup Fivestars, expanding SumUp’s US footprint and loyalty offering.
Latest news
SumUp · May 2024
SumUp announced €1.5bn of private-credit financing led by Goldman Sachs to refinance debt and fund global growth; it said the business had been EBITDA-positive since December 2022.
TechCrunch · Dec 2023
The company raised €285m/$307m in growth funding led by Sixth Street Growth, with Bain Capital, Fin Capital and Liquidity Group participating; funds were earmarked for product, geographic expansion and M&A.
CNBC · Dec 2023
CNBC reported the €285m round valued SumUp above its prior valuation and described competitors including Block/Square, PayPal/iZettle, Worldpay, Stripe and Adyen.
TechCrunch · Oct 2023
Groupon disclosed a secondary sale of SumUp shares at an implied valuation as low as $4.1bn, materially below the roughly $8.5bn 2022 valuation; the company said secondary trades were not necessarily representative.
Open Positions
369 jobs at SumUp
Sales Enablement Analyst
On-site
Field Sales
Santiago, Chile
1d ago
On-site
Full-time