Back 2019.09.03

Fast-growing payments startup SumUp opens an office in Vilnius

With a global vision of empowering the small merchants to succeed in doing what they love and to grow their businesses, SumUp has been growing at an incredibly healthy rate of circa 100% every year. The company now operates in 31 markets across Europe, Brazil and the US. The new Lithuanian office will play an important role in SumUp’s future growth with Baltic states business development. The company plans to hire over 30 employees in Lithuania in the next three years.

SumUp was established in London in 2012 with an idea of introducing a different kind of card acceptance services for small merchants, from Lithuanian craftsman to the babysitter in Brazil, who have been historically underserved by the traditional payment providers. For many such businesses, the bureaucratic hurdles and the cost of payment hardware made it near-to-impossible to offer card payments to its clients. SumUp’s proprietary technology and innovative approach have made it possible for the smallest businesses to start accepting card payments.

Read more:

https://investlithuania.com/news/fast-growing-payments-startup-sumup-opens-an-office-in-vilnius/

Photo: A. Aleksandravičius