Thursday, August 23, 2012

Make Way For Another European Square: SumUp Launches With $20M+ In Backing

sumup Add one more to the list of companies going head-to-head in the area of card payments by way of smartphone attachments: today, Berlin-based SumUp is opening up for business in the UK, Germany, Ireland and Austria, backed by an eight-figure Series A round, understood by TechCrunch to be over $20 million. SumUp's $20 million Series A investment comes from?b-to-v Partners, Shortcut Ventures, Tengelmann Ventures and Klaus Hommels, the early Skype, Facebook and Xing investor.?Before the $20 million round, SumUp had been bootstrapped by its founders, which include Daniel Klein, SumUp's CEO, who was also one of the founders of PayPal competitor MoneyBookers (later rebranded as Skrill).

Source: http://feedproxy.google.com/~r/Techcrunch/~3/bXxu2Wqinfo/

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