But against this backdrop, British paymentstartupSumUp has still managed to bag 285mn to expand its global footprint.
SumUp was founded in the UK in 2012 with the mission to level the playing field for small businesses.
SumUp is now working together with over four million small businesses in 36 markets across the globe.
The fresh injection of capital follows a 30% growth year-over-year.
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This funding gives us additional firepower to pursue growth opportunities and accelerate products that empower small businesses.
We continue to be very optimistic for SumUps future and are therefore continuing to re-invest.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
