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FT Partners Advises SumUp on its Financing

Overview of Transaction
  • On May 28, 2013, SumUp announced a double-digit million Euro financing with participation from Groupon (NasdaqGS: GRPN) and American Express (NYSE: AXP)
  • On July 9, 2013, SumUp announced the expansion of the Series B round with investment from BBVA (NYSE: BBVA)
  • Existing investors also participated in the round
  • SumUp is an international provider of mobile payments acceptance solutions for smartphone and tablet users
  • Groupon is a leading daily deals marketplace that connects merchants to consumers, with an international presence in 47 countries
  • American Express is a leading global card scheme
  • BBVA is a multinational group providing financial services in over 30 countries and to 53 million customers throughout the world
Significance of Transaction
  • The investment further validates SumUp's offering and the increasing importance of mobile payments globally
  • Provides SumUp with additional capital to support continued expansion into new territories and strengthen its technological leadership position
  • Capital will allow SumUp to further build out its end-to-end payment solution, which encompasses a proprietary and certified payments gateway as well as proprietary hardware and operations systems
  • Funds will also be used to support the development of new services, which will further revolutionize the point of sale and build an ecosystem that connects merchants and consumers
FT Partners' Role
  • FT Partners served as the exclusive strategic and financial advisor to SumUp and its investors
  • FT Partners leveraged its deep industry expertise to provide critical advisory services throughout the transaction
  • Underscores FT Partners' continued success in advising a broad range of top-tier Payments companies