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UK Payments Firm SumUp Reaches €8 Billion Valuation

  • Startup raises 590 million euros in debt, equity combination
  • Bain Capital, BlackRock and Crestline among investors
London payments firm SumUp has scored a 590 million euro cash injection from major investors to fuel the company's growth.

London payments firm SumUp has scored a 590 million euro cash injection from major investors to fuel the company's growth.

Photographer: SumUp/PA Media
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SumUp has achieved an 8 billion euro ($8.4 billion) valuation in its latest funding round, raising 590 million euros in a deal split between debt and equity in a bid to develop new products and gain clients. 

Bloomberg News first reported in January that SumUp was considering raising a fresh round of funding. People with knowledge of the matter said at the time that SumUp could seek a valuation of about 20 billion euros based on early estimates.