SumUp Expands Banking Capability as It Gets Ready for Listing

SumUp is preparing for an initial public offering in Europe or the US as it expands further into banking services.

The London-based payments company has not yet set a timeline and is still weighing up listing venues, according to Chief Commercial Officer and UK Chief Executive Officer Luke Griffiths. “We’re in the process of preparing. When the time is right, we want to obviously be able to react and go quickly,” he said in an interview with Bloomberg News.