The money will be used to refinance existing debt and seize global growth opportunities.

With this deal, existing and new investors confirmed their conviction in SumUp’s established and successful business model, which has generated positive EBITDA since December 2022 and over a decade of sustained growth. Interest from the market was significant, such that the round was ultimately oversubscribed.

The new SumUp investors are AllianceBernstein, Apollo Global Management, Arini, Deutsche Bank AG, Fortress Investment Group, SilverRock Financial Services, and Vista Credit Partners. They join existing investors such as Funds managed by BlackRock, Crestline Investors, Liquidity Capital, Oaktree Capital Management, Sentinel Dome, and Temasek, with Goldman Sachs leading the private credit debt deal.

SumUp CFO Hermione McKee: “SumUp has always enjoyed solid and steady support from the investor community, and it’s this continued backing which has enabled us to grow sustainably over the past 10+ years, serving millions of merchants of all sizes globally. As the company scales further and our services and products continue to expand, our requirements from capital markets have evolved. Lenders understand and support our mission to create a world where everyone can build a thriving business, and recognise our successful methods of achieving, sustaining, and balancing profitability and growth. This new financing will support us as we focus on providing best-in-class support experiences for our merchants and giving them the products and tools they need to succeed.”

SumUp has demonstrated a unique ability to balance sustainable growth with fiscal responsibility by launching markets and products while keeping finances under control. By securing this funding, SumUp is well positioned to proactively seek and take advantage of organic and inorganic growth opportunities in the future.