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Payment terminals: SumUp fintech raises 750 million euros

2021-03-16T07:31:27.491Z


These start-ups have a different offer from banks, more suited to craftsmen and very small businesses.


The payment terminals market is booming.

The continuous decline in cash, amplified by the pandemic, pushes small traders and independents who were not always equipped to acquire a box.

This new demand opens up an avenue for fintechs (finance start-ups), which offer these professionals light and connected terminals, at prices more suited to their needs than the traditional boxes provided by banks.

Read also:

And now, the payment validated on ... the merchant's smartphone

This is the case of SumUp, one of the leaders of these new terminals called Mpos (Mobile Point of Sale).

The fintech announces this Tuesday a very important fundraising, of 750 million euros.

"This money should help us to continue our growth, by continuing to invest in the development of new products, while allowing us to buy other companies if opportunities arise,"

said Alexander von Schirmeister, CEO Europe of SumUp.

The British company, which is present in France, also intends to continue

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Source: lefigaro

All business articles on 2021-03-16

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