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FinTech Futures: Top five stories of the week – 15 December 2023

December 15, 2023

UK-based fintech SumUp has secured €285 million (around $307 million) in fresh funding as the company looks to pursue international growth opportunities and broaden its suite of payment services for SMEs.

The company’s latest capital raise was led by Sixth Street Growth and builds on the $100 million credit facility it secured with Victory Park Capital (VPC) in August this year.

SumUp, which offers businesses across Europe, the Americas and Australia a range of financial and payment products, is now believed to have raised a total of €1.5 billion since its inception in 2012.

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