Mobile point-of-sale startup SumUp launches in the US

SumUp, a mobile point-of-sale (mPOS) company, has launched its mobile payments platform in the US ahead of the country’s shift to EMV chip payments this month. SumUp’s card payment terminals, software, and smartphone apps are the world’s first EMV certified end-to-end mPOS payments system, according to the company. It will be releasing a new contactless […]

Payleven strikes deal with American Express for exclusive ‘business bundle’ distribution partnership

Germany-based mobile point-of-sales (mPOS) startup payleven this morning announced that it has entered into a distribution partnership with card issuer American Express, the first of its kind in Europe. American Express, which is notable an investor in European paylevel rivals SumUp and iZettle, has agreed to offer a fee-free ‘Business Gold’ credit card together with […]

Polish private equity firm MCI Management invests in iZettle

iZettle, the Swedish fintech company that offers merchants across Europe and Latin America the ability to process card payments via its mobile card readers, has another new investor. Warsaw-based private equity and venture capital firm MCI Management has invested in iZettle, just months after the latter landed €60 million in funding from Intel Capital, Zouk […]

Mobile point-of-sales startup SumUp expands to Sweden, landing on rival iZettle’s home turf

SumUp, a British-German mobile point-of-sale startup, is today announcing its expansion to Scandinavia for the first time, launching in Sweden. That is notably where iZettle, arguably its main competitor in the space in Europe, was conceived. Stockholm-based iZettle recently raised a sizeable €60 million round to pursue further growth, while SumUp brought its total capital […]