UK Payments Firm SumUp Reaches €8 Billion Valuation
- Startup raises 590 million euros in debt, equity combination
- Bain Capital, BlackRock and Crestline among investors
London payments firm SumUp has scored a 590 million euro cash injection from major investors to fuel the company's growth.
Photographer: SumUp/PA MediaThis article is for subscribers only.
SumUp has achieved an 8 billion euro ($8.4 billion) valuation in its latest funding round, raising 590 million euros in a deal split between debt and equity in a bid to develop new products and gain clients.
Bloomberg News first reported in January that SumUp was considering raising a fresh round of funding. People with knowledge of the matter said at the time that SumUp could seek a valuation of about 20 billion euros based on early estimates.