In a significant move that underscores market confidence in SumUp’s solid financial standing and promising future, the global fintech company has raised €1.5 billion in debt financing from private credit lenders. Led by Goldman Sachs, this round marks one of the largest European private credit deals in recent years.
The infusion of funds is earmarked for refinancing existing debt and capitalizing on global growth prospects, reaffirming investor belief in SumUp’s proven business model. With a track record of positive EBITDA since December 2022 and over a decade of sustained growth, SumUp has garnered substantial interest from both existing and new investors. The round was oversubscribed, further validating SumUp’s position in the fintech landscape.
Among the new investors are AllianceBernstein, Apollo Global Management, Arini, Deutsche Bank AG, Fortress Investment Group, SilverRock Financial Services, and Vista Credit Partners, joining a roster of established backers. Goldman Sachs led the private credit debt deal, highlighting SumUp’s appeal to a diverse range of financial institutions.
SumUp’s CFO, Hermione McKee, emphasized the company’s longstanding support from investors and its commitment to sustainable growth. She highlighted the evolving capital market needs as SumUp expands its suite of services and products to cater to millions of merchants worldwide. The financing will enable SumUp to prioritize delivering exceptional support experiences for merchants and equipping them with the necessary tools for success.
With a proven track record of balancing growth with fiscal responsibility, SumUp is well-positioned to leverage this funding to pursue organic and inorganic growth opportunities. The company’s ability to expand into new markets and launch innovative products while maintaining financial prudence sets it apart in the competitive fintech landscape.
As SumUp continues to chart its path forward, this latest financing round solidifies its position as a leading player in the global fintech industry, poised for further expansion and innovation.