SumUp raises €10m in funding

European mPOS company SumUp has announced €10m (US$11.2m) in funding from investors including BBVA Ventures and Groupon, taking the company’s funding total to €50m. SumUp plans to use the investment to increase its footprint into 15 countries, roll out its payment platform that encompasses a payments gateway, in-house hardware and operations systems, and to support the development of new services.

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