SumUp Secures €1.5bn Private Credit from Goldman Sachs
In what is the largest private credit transactions seen in Europe for some years, global fintech SumUp has raised €1.5bn (US$1.6bn) in a private credit round led by Goldman Sachs.
This latest funding comes just a few months after the global fintech secured investments of US$307m in December 2023, in a round led by Sixth Street Growth, with further participation from Bain Capital Tech Opportunities, Fin Capital, and Liquidity Group.
The deal is a massive boost for SumUp, which reaffirms market confidence in its growth prospects after a series of solid revenue performances, generating positive earnings before interest, taxes, depreciation and amortisation (EBITDA) since December 2022 and sustaining growth over a decade.
With its new funding secured, SumUp aims to solidify its leading market position by refinancing existing debt and capitalise on further global growth opportunities.
SumUp: A safe bet for investors
By demonstrating a unique ability to balance sustainable growth with fiscal responsibility by launching markets and products while keeping finances under control, SumUp represents a safe bet for new and existing investors.
Such has been the marked success of SumUp’s sustained growth that its latest funding round was, in fact, oversubscribed.
Returning SumUp investors BlackRock, Crestline Investors, Liquidity Capital, Oaktree Capital Management, Sentinel Dome, Temasek and Goldman Sachs were joined by new venture capitalists AllianceBernstein, Apollo Global Management, Arini, Deutsche Bank AG, Fortress Investment Group, SilverRock Financial Services and Vista Credit Partners.
