Series D+11 December 2023

SumUp secures £246m from Sixth Street Growth and others to expand its global footprint

The investment was led by Sixth Street Growth to support international expansion and product development.

£246MSeries D+

SumUp is a global financial technology company offering mobile point of sale solutions and business accounts for small merchants.

SumUp has secured £246m in a funding round led by Sixth Street Growth, with additional participation from Bain Capital Tech Opportunities, Fin Capital, and Liquidity Group. The capital will be deployed to broaden the company's international reach and develop further tools for small businesses.

The investment arrives on the heels of sustained profitability and top line expansion, with the business maintaining positive EBITDA since the final quarter of 2022. SumUp recently established operations in Australia, marking its thirty sixth geographical market, alongside securing strategic partnerships with major brands.

From the founder

"Our mission is to create a world where everyone can build a thriving business. The consistent growth SumUp has shown over the past eleven years is a direct result of the success of the merchants we serve, and it would not be possible without the unwavering trust and support of the investor community. We are excited to have Sixth Street join that community. This funding gives us additional firepower to pursue growth opportunities and accelerate products that empower small businesses."

Hermione McKee

CFO at SumUp

Investor perspective

"For over a decade, SumUp has consistently delivered sustained growth and boldly entered and led entirely new product categories and markets. This remarkable track record and culture of innovation combined with SumUp’s thoughtful approach to growth and efficiency are well-aligned with Sixth Street Growth’s investing strategy. How people do business continues to change and SumUp is always there, on the side of their merchants, giving them the tools to make it easier to get paid doing what they love. We are excited to partner with the SumUp team to help them in this next phase of growth."

Nari Ansari

Managing Director, Sixth Street Growth