Payments firm SumUp raises $623 mn in VC funding

London-based payments firm SumUp has raised 590 million euros ($623 million) in its latest VC funding round.
VC funding for techBlackRock, Centerbridge and Crestline were among the participants in the funding round led by Bain Capital Tech Opportunities.

The latest round, which involved a combination of equity and debt, brings the total amount of capital raised to 1.5 billion euros.

SumUp counts U.S.-based Block’s Square and PayPal’s Zettle among competitors and is active in 35 countries.

“The funds we’ve raised will enable us to continue to build out our product ecosystem, expand into new markets, pursue value-adding acquisitions,” said co-founder Marc-Alexander Christ in a statement.