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SumUp Receives Multi-Million Euro Investment from Amex, Groupon


European-based payment service, SumUp, announced a new round of funding yesterday. American Express and Groupon participated in the round.

Previous investors also contributed, including:

    • b-to-v Partners 
    • Shortcut Ventures
    • Tengelmann Ventures
    • business angels

While the Dublin-based company isn’t disclosing the exact amount of the funding, it hinted that it was a multi-million Euro investment.


The funding will be used to:

    1. Support SumUp’s expansion into new territories (it recently expanded into Russia) 
    2. Further build out its payment solution  
    3. Develop new services to enhance the point-of-sale
To learn more about SumUp, watch its FinovateEurope 2013 demo.