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August 14, 2023

SumUp Ignites Fintech Momentum: A $100M Leap with Victory Park Capital

$100M Boost Fuels Small Businesses

In an electrifying move, global fintech trailblazer SumUp has orchestrated a resounding crescendo, securing a formidable US$100 million credit facility alongside Victory Park Capital—a venerated alternative investment powerhouse steeped in private credit expertise.

Hailing from 2012, SumUp has etched its indelible mark as the steadfast financial companion for a thriving cohort of over 4 million small-scale merchants spanning a tapestry of 35 global markets. Beyond financial solutions, SumUp is the catalyst propelling these ambitious visionaries, empowering them to embark upon the voyage of business inception, seamless operation, and exponential expansion.

Central to this groundbreaking endeavor is SumUp's Super App—a transformative gateway that bestows merchants with a spectrum of offerings. From a robust business account and a tailored card to an immersive online storefront and an ingenious invoicing solution, SumUp unfurls a realm of possibilities.

SumUp Cash Advance emerges as a dynamic beacon for merchants yearning to fast-track operations and tackle unforeseen exigencies. A harbinger of swift growth, these advances—offering up to a staggering £20,000—find their footing upon a merchant's payment history. The reimbursement unfolds progressively, accompanied by a transparent, fixed fee structure. Empowering entrepreneurs, this capital injection fuels a kaleidoscope of endeavors, from pivotal machinery upgrades to strategic inventory fortification.

The versatility of this financial innovation paints a truly vivid portrait. This cash advance harbors the power to revamp facilities through transformative renovations or seize serendipitous windows of growth opportunity.

The grand crescendo of SumUp's credit facility augments its prowess, casting a wide-reaching net to empower UK-based merchants in the immediate horizon while charting a trajectory towards bolstering European markets in the near future.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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