Sixth Street Growth leads €285m funding round in SumUp to expand global footprint

SumUp is a global financial technology services company.

  • SumUp is based in London
  • Bain Capital Tech Opps, Fin Capital and Liquidity Group also participated in the round
  • Sixth Street Growth makes investments in mid- and late-stage technology companies

Sixth Street Growth has led a €285 million funding round in SumUp, a global financial services company, along with participation by Bain Capital Tech Opportunities, Fin Capital and Liquidity Group.

London-based SumUp provides over four 4 million businesses globally with payments products and financial services.

The capital will be used to expand SumUp’s global footprint and deliver the tools and services that small merchants need to start and grow their business, according to a release.

“For over a decade, SumUp has consistently delivered sustained growth and boldly entered and led entirely new product categories and markets,” said Nari Ansari, MD at Sixth Street Growth.

This comes after a year of accelerating momentum for SumUp, which has been operating on a positive EBITDA basis since Q4 of 2022 while maintaining over 30 percent growth year-over-year, the release said.

Sixth Street Growth makes investments in mid- and late-stage technology companies. It is the dedicated growth investing platform of Sixth Street, a global investment firm based in San Francisco, with over $74 billion in assets under management and committed capital.

San Francisco-based Fin Capital is a global asset manager focused on fintech.