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Payments Firm SumUp Seeks New Funds at $22 Billion Value

  • London-based company considers raising over 500 million euros
  • Demand for online-payment services boomed during pandemic
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SumUp is considering raising new money in a funding round that could value the U.K. payments company at about 20 billion euros ($22.6 billion), according to people familiar with the matter. 

London-based SumUp could seek more than 500 million euros from investors, the people said, asking not to be identified as the matter is private. A fundraising of that size could make SumUp one of the most valuable startups in the U.K.