SumUp secures $100m credit facility to expand merchant cash advance product
The facility is being provided by Chicago-based investment firm Victory Park Capital.
The facility is being provided by Chicago-based investment firm Victory Park Capital.
SumUp has also appointed Anna Kuriakose as its new chief product officer (CPO).
SumUp says the latest funding is “indicative of our strength, execution, and potential”.
As fintech continues its rapid growth, gender imbalance remains a prominent industry issue.
London-based SumUp supports more than 3.5 million merchants across 30 markets.
Featuring SumUp, eToro, Plaid, SecurityScorecard, and Coalition.
Following the acquisitions of Debitoor and Shoplo.