Goodtill

Mar 17, 2021

UKHotViews Payments provider, SumUp, has raised €750m in funding via a new debt facility as it looks to expand its operations. The cash injection was secured with support from a number of sources including, Goldman Sachs, Bain Capital Credit, and Oaktree Capital Management. SumUp facilitates payments both in-person via its payment terminals and online. The company supports more than 3 million merchants globally and clients include logistics provider, DHL and black cab drivers in the UK. In November, SumUp acquired UK-based provider of iPad payment technology, Goodtill (see: SumUp adds GoodTill to its table ). The company has also recently completed the acquisition of banking technology vendor, Paysolut, as it looks to expand the range of services it provides to merchants. SumUp recently entered the Romanian market and the company now has a presence in 29 European markets. The fintech is hoping to fuel growth by further expanding its presence internationally in this highly competitive segment.