Digital payments provider SumUp borrows USD 895m to fund growth

News, Portfolio

17th March 2021

London-based fintech company SumUp has announced it had borrowed USD 895m from backers led by Goldman Sachs, and also backed by Singapore’s Temasek Holdings, Bain Capital Credit, Crestline and funds run by Oaktree Capital Management.

The provider of mobile point-of-sale terminals for small businesses like cafes and car repair shops will use the financing to invest in acquisitions and new products as it continues its global expansion.

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