SumUp has raised €1.5 billion from private financiers in a round led by Goldman Sachs, marking one of the largest private credit operations in Europe in recent years.
The funds will be used to refinance existing debt and to seize new growth opportunities globally.
This investment underscores the confidence of both new and existing backers in SumUp’s business model, especially given that the company has been EBITDA-positive since December 2022 and has maintained over a decade of sustained growth.
New investors include AllianceBernstein, Apollo Global Management, Arini, Deutsche Bank AG, Fortress Investment Group, SilverRock Financial Services and Vista Credit Partners, joining earlier investors such as funds managed by BlackRock, Crestline, Liquidity Capital, Oaktree, Sentinel Dome, and Temasek.
Hermione McKee, CFO of SumUp, stated that with this capital the company will support and scale its ecosystem of products and services to better serve merchants, balancing profitability with growth.
