London Based Fintech Startup SumUp Raises $895M Debt From Marquee Investors

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SumUp, the London based payments startup, announced that it has raised a €750 million debt facility from Bain Capital Credit, Temasek, Crestline, Goldman Sachs and funds managed by Oaktree Capital Management.

SumUp is a payment technology company that enables businesses to accept card payments at the Point-of-Sale or on the go. The company was founded in 2011 by Daniel Klein, Jan Deepen, Marc-Alexander Christ, Petter Made and Stefan Jeschonnek. The latest funding round will enable the company to grow inorganically through M&A, accelerate international expansion and grow its employee base.

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