SumUp offers an integrated hardware and cloud platform that lets small and medium merchants accept in‑person and online payments, manage inventory, invoicing, loyalty programs, and business banking from a single app or dashboard. The solution combines compact card readers, touchscreen POS terminals and self‑service kiosks with per‑transaction pricing and real‑time analytics, eliminating the need for multiple separate services.
Funding
$1.6B raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
GSFounders
Product
Problem
Small and medium merchants often rely on separate, costly solutions for payment acceptance, inventory management, customer engagement, and financial services, leading to fragmented workflows, high transaction fees, and operational inefficiencies.
Solution
SumUp provides an end‑to‑end ecosystem that combines compact card readers, touchscreen POS terminals, and self‑service kiosks with a cloud‑based software platform. The unified system enables merchants to accept in‑person and online payments, generate invoices, run loyalty programs, issue gift cards, and manage business checking and investment accounts—all from a single mobile app or web dashboard. Transparent, per‑transaction pricing eliminates monthly minimums, while real‑time reporting and API access streamline reconciliation and integration with existing business tools. By consolidating hardware, payment processing, and financial services, SumUp reduces complexity and cost for merchants across diverse retail and service verticals.
Target Audience
Primary customers are small‑to‑medium retailers and service providers—such as coffee shops, boutiques, salons, and specialty food outlets—seeking a unified payment and business management solution, as well as larger enterprises requiring scalable POS hardware and centralized financial tools.
Features
- Compact card readers (SumUp Plus, Solo, Terminal) with Bluetooth or built‑in cellular connectivity for on‑the‑go payments
- All‑in‑one touchscreen POS (POS Lite, SumUp POS) supporting barcode scanning, receipt printing, and inventory tracking
- Self‑service kiosk solution for unattended checkout and order‑ahead experiences
- Integrated invoicing and online payment links with customizable branding
- Loyalty and rewards platform (SumUp Connect) plus digital gift‑card issuance
- Business checking account and SumUp Wealth investment options linked directly to sales revenue
- Cloud dashboard offering real‑time sales analytics, settlement tracking, and multi‑user access controls
- Transparent transaction fees (2.6 % + 10¢ in‑person, 3.5 % + 15¢ online) with no monthly fees or minimum processing volume
- Open APIs and developer resources for custom integrations and third‑party app extensions
- Next‑day payouts when paired with a SumUp merchant account and support for multiple currencies