SumUp received a $371M loan to fuel its expansion
SumUp Inc., a six-year-old electronic payments startup, secured a 330 million-euro ($371 million) loan, backed by Bain Capital Credit, Goldman Sachs Private Capital and others. The London-based company plans to boost its customer base across 31 markets and develop its range of products, including via acquisitions.
The startup makes credit-card readers to help businesses of all size receive payments faster, both in-store and online, and is working to improve contactless payments.
Read more about it at Bloomberg here.