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:
- Support SumUp’s expansion into new territories (it recently expanded into Russia)
- Further build out its payment solution
- Develop new services to enhance the point-of-sale