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A global financial technology company providing small businesses with affordable, easy-to-use payment solutions and hardware.
Provides portable, low-cost card readers for in-person payments Offers a cloud-based Point of Sale (POS) system for retail and restaurant management Includes a dedicated business account for managing payouts and daily banking Facilitates remote payments through invoicing and payment links Enables online store creation for merchants to sell directly to customers
Low barrier to entry with no fixed monthly fees or long-term contracts User-friendly hardware that integrates seamlessly with smartphones Transparent pay-as-you-go pricing structure favored by micro-merchants Rapid setup time allowing businesses to accept payments in minutes Comprehensive suite of tools that scales from simple payments to full POS management
Category: Business & Operations
Team Size: 3000-5000
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SumUp is a comprehensive financial platform designed to help small business owners accept payments, manage their finances, and grow their ventures. It offers an ecosystem of hardware (like card readers) and software (POS systems, invoicing, and business accounts) that eliminates the barrier to entry for micro-merchants and small retail businesses to accept card and digital payments.
Founded in 2012 in London, UK, by Daniel Klein, Stefan Jeschonnek, Marc-Alexander Christ, Petter Made, and Jan Deepen. The founders recognized that millions of small businesses were being left behind by traditional banks, which required high fees and complex hardware for payment processing. They aimed to democratize access to financial services by creating a simple, affordable solution that works for everyone.
