SumUp raises €590m to further reach

SumUp, which is based in London and has offices in Dublin, provides card readers to small merchants such as taxi drivers and coffee shop owners in 35 countries across the world

SumUp has achieved an €8bn valuation in its latest funding round, raising €590m in a deal split between debt and equity in a bid to develop new products and gain clients.

SumUp has achieved an €8bn valuation in its latest funding round, raising €590m in a deal split between debt and equity in a bid to develop new products and gain clients.

It was 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 €20bn based on early estimates.