History of Sumup London Venue

Discover SumUp London Venue, the epicentre of innovative financial technology in the heart of London. Explore how SumUp, a leading fintech company, is revolutionizing payment solutions for businesses of all sizes. Stay updated on the latest events, workshops, and networking opportunities at this dynamic venue, designed to empower entrepreneurs and foster growth in the bustling financial hub of London.

Introduction to SumUp London Venue

As a leading financial technology company with a reputation for innovative card payment solutions, SumUp has established a significant presence in the heart of London. In one of the world’s most dynamic cities, SumUp London Venue is more than just a corporate office; it symbolizes the company’s commitment to fostering creativity, collaboration, and cutting-edge technology.

Location and Design:

The venue, which is strategically located in London, has been designed to combine modern aesthetics with functionality. SumUp’s commitment to providing an environment that is not only technologically advanced but also conducive to creative thinking and collaboration is reflected in the architecture and interior design. Open spaces, modern furnishings, and state-of-the-art facilities combine to create a professional and inspiring environment.

Purpose and Vision:

It is the venue for SumUp London, which serves various purposes. Primarily, it serves as an operational hub for the company’s international and UK operations. However, it is more than just an office facility. It is a centre of innovation, where teams develop new payment solutions and technologies. In this facility, ideas are born and transformed into real-world financial products and services for businesses and consumers alike.

Community and Collaboration:

In designing and utilizing the London Venue, SumUp emphasizes the importance of community and collaboration. In addition to hosting events, workshops, and meetings that bring together entrepreneurs, technology enthusiasts, and thought leaders, the space is often used for hosting events. In alignment with London’s status as a global hub for business and innovation, this approach not only fosters a sense of community but also promotes collaboration and ideas exchange.

Supporting Local Businesses:

A key part of SumUp’s mission is to support small businesses. Therefore, the London Venue engages frequently with local businesses. As part of SumUp’s various initiatives and partnerships, local entrepreneurs are provided with resources and support to grow and succeed in a competitive environment.

Sustainability and Responsibility:

It is also important to note that SumUp London Venue reflects the company’s commitment to sustainability and corporate responsibility. The building and operational processes are designed to minimize environmental impact and promote energy efficiency and waste reduction. This philosophy aligns with the company’s overall philosophy that emphasizes responsible and sustainable business practices.

History and Background of SumUp

Founded in 2012, SumUp is a financial technology company based in London, United Kingdom that has had a significant impact on the global market. The company’s primary focus is on providing business tools tailored to micro and nano enterprises. The company has expanded its reach to support over 3.5 million merchants across more than 30 countries.

Founding and Growth

SumUp was founded in 2011 and was officially launched the following year. As an initial product, SumUp launched an EMV card reader in August 2012. This device is capable of reading magnetic strips, chips (Chip and Pin), and RFID/NFC cards. It attracted notable investors such as Goldman Sachs, Temasek, Bain Capital Credit, Crestline, Oaktree Capital Management, American Express, BBVA Ventures, and Groupon.

Global Offices

With offices in Amsterdam, Barcelona, Berlin, Bogotá, Boulder, Colorado, Copenhagen, Cologne, Dublin, Kyiv, London, Luxembourg, Milan, Marseille, Paris, Santiago, So Paulo, Sofia, and Warsaw, SumUp maintains a strong presence around the world.

Mergers and Acquisitions

In April 2016, SumUp merged with Payleven, a mobile payment provider based in Berlin. In February 2019, Shoplo (an eCommerce platform) was acquired, followed by Debitoor (a Danish invoicing software provider), London-based POS software provider Goodtill, and Paris-based Tiller Systems in 2020 and 2021. 

 

SumUp was able to strengthen its position in various sectors, particularly the restaurant and hospitality sector, by acquiring these companies. SumUp acquired Paysolut, a Lithuanian provider of core banking systems, in February 2021, and Fivestars, a customer loyalty service startup based in California, in October 2021.

Recent Developments

SumUp raised $895 million in debt in March 2021 to expand its B2C payments business. Additionally, the company has partnered with the Zoological Society of London for contactless fundraising and joined the 1% for the Planet coalition, committing to donating 1% of SumUp Solo Net Payment Revenue to environmental charities. SumUp has approximately 3,000 employees spread across 23 locations. The company is valued at approximately €8 billion at the end of June 2022.

Products and Services

SumUp offers a range of products and services, including:

• EMV Card Readers: These devices can read the magnetic strips, chips, and RFID/NFC payment cards and pair them with smartphones or tablets via Bluetooth for payment verification.
• 3G Chip & Pin and NFC Card Terminal: A standalone card reader with a built-in SIM card for network connection.
• Point of Sale System: An all-in-one register system available in Germany and select other countries.
• Payment Links: Launched in 2020 for safe and remote payments.
• Gift Cards: Introduced in 2020 in partnership with Google for small businesses.
• Online Store: A relaunched e-commerce platform from 2021.
• Business Account: A tool for merchants to separate business and personal finances, introduced in 2021.
• SDKs & APIs: For third-party integration of payment infrastructure and card terminals.

Global Reach

More than three million merchants are served by SumUp, which operates in 34 countries. As of August 2012, it was available in Germany, Austria, the United Kingdom, and Ireland, and later in Italy, Spain, the Netherlands, France, Belgium, Portugal, Brazil, Poland, Switzerland, Sweden, and the United States. The SumUp service was launched in 15 more countries in September 2017 and SumUp partnered with the Banco del Estado de Chile for a joint venture in Chile.

FAQ’s

Is there a fee to attend events at SumUp London Venue?

There may be a registration fee for some events, while others may be free. Please refer to the event details for further information.

Are there facilities for people with disabilities at SumUp London Venue?

Despite SumUp’s commitment to inclusivity, it is recommended that you contact them directly to determine whether or not the venue has specific accessibility facilities.

Can I schedule a business meeting at SumUp London Venue?

It is possible to schedule business meetings at the venue. Please contact SumUp’s administrative team for information on availability and booking procedures.

Does SumUp London Venue offer any educational workshops or training sessions?

Several educational workshops and training sessions are held at the venue regularly, especially in connection with fintech, payment solutions, and business development.

How can I contact SumUp London Venue for more information?

If you would like more information on SumUp, you can contact them through their official website, email address, or phone number. Their website regularly updates their contact information.

Conclusion

The SumUp London Venue stands as a pivotal centre in the heart of London, symbolizing the fusion of technological innovation and community engagement. In addition to serving as a beacon for fintech advancements, this venue also offers entrepreneurs, business leaders, and enthusiasts the opportunity to network, learn, and grow together. 

As a result of its diverse program of events, workshops, and meetings, SumUp London Venue promotes a collaborative environment conducive to the sharing of ideas and the creation of new solutions related to finance and technology. The fact that SumUp has been proactive in supporting the local community and the wider fintech ecosystem is a testament to the company’s commitment to being more than a business entity.