Payments Firm SumUp Defies Fintech Slump With €285 Million Fundraising
- Firm maintains last year’s $8.5 billion internal valuation
- London-based company makes point-of-sale card readers
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Payments firm SumUp has raised €285 million ($306 million) to fund international expansion and new products for businesses.
The raise was mostly equity with some debt and led by Sixth Street Growth alongside Bain Capital Tech Opportunities, Fin Capital, and Liquidity Group, according to a statement on Monday. The London-based company maintained its internal valuation of $8.5 billion.