Fintech

SumUp provides €40m cash injection for Irish subsidiary

Company, whose Dublin-based unit employs 900 people, provides payment solutions for more than four million businesses in 35 markets

SumUp’s product suite encompasses accepting payments on-the-go or online, managing business at the point of sale, invoicing and bookkeeping, and third-party integrations

A Dublin-headquartered subsidiary of SumUp, the payments provider, recently received a €40 million cash injection from its parent, new filings show.

The funding comes as competition has heated up locally following the launch of Square, the Jack Dorsey-led fintech, in Ireland last year.

Founded by Jan Deepen, Marc-Alexander Christ, Petter Made and Stefan Jeschonnek in London in 2011, SumUp provides payment solutions for over four million businesses in 35 markets. Its product suite encompasses accepting ...