Tag: Bain Capital Tech Opportunities

FinTech Re-Awakening: British SumUp Secured €285 Funding For Its Expansion!

Fintech Ben - December 11, 2023

London-based fintech SumUp (website), a rising star in the payments industry, has recently secured a significant financial boost. The company successfully raised €285 million in a round led by Sixth Street Growth and Bain Capital Tech Opportunities. This funding round not only injects fresh capital into SumUp but also elevates its valuation above the €8 billion mark achieved in the summer of 2022. It seems as if the fintech hype is back again!

Losing Value! London-based PayTech SumUp Raises $624 Million At $8.5 Billion Valuation!

Fintech Ben - June 26, 2022

Despite recession fears and the FinTech cool-off, the 10-year-old London-based PayTech SumUp (website) has secured $624 million in new funding round at an $8.5B valuation, a significant drop from its $22B valuation earlier this year. However, it is still an impressive transaction in times of cautious VC investors bringing the company's total financing volume to $1.6B. SumUp serves more than 4 million merchants in 35 markets worldwide. Marc-Alexander Christ and his friends founded the PayTech in 2012.

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