Part of the funding will be used to support SumUp’s planned expansion into South America. SumUp is also present in Spain and Portugal, two of BBVA’s main markets, and the investment will also enable the company to further increase its activity in these regions.
Furthermore, SumUp will use the Series B investment to further build out its end-to-end payment solution, which encompasses a payments gateway as well as proprietary terminal hardware and operations systems.
In recent news, SumUp has launched an iPad POS package to enable small businesses to set up a cash register to accept card payments.
For more information about SumUp, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.
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