SumUp, a London-based fintech company that enables small businesses to make card payments through their device and online, has acquired Shoplo, the multi-channel e-commerce platform.
The terms of the deal will not be announced According to SumUp the acquisition of the product range will enable SumUp dealers to access various online marketplaces such as Facebook, eBay and Etsy. In addition, the technology of Shoplo SumUp dealers will help to develop better-looking online stores.
"The acquisition of the Warsaw-based company Shoplo, consisting of 30 employees, will provide SumUp with the template, technology and expertise to expand the e-commerce area of its business, enabling it to deliver a scalable solution that makes it possible for merchants to easily create their own online stores and sell them on numerous e-commerce platforms in just a few clicks, "says SumUp.
The BBU-supported SumUp initially offered functionality that matched the Square of the Silicon Valley resembles and then merged with Rocket Internet's Square Clone Payleven, but the full SumUp suite of products today includes accepting payments on the move or online, managing point-of-sale transactions, billing and accounting, and integrating third-party payments and other services via SDKs and APIs.
In part, this was achieved through the acquisition including a recent recent purchase: The Danish company Debitoor, a billing software platform originally set up for freelancers and SMEs to be integrated into SumUp's user offerings
These acquisitions are now part of SumUp's ambitious business expansion drive, though trying to create a one-stop shop for businesses of all sizes. It has also been rumored that UK fintech has achieved unicorn status ̵
Marc-Alexander Christ, co-founder of SumUp, adds: "SumUp wants to be the first point from the shop floor to the online cash register. of-call to dealers worldwide. Every decision we make to expand our product range is made with the consideration and feedback of our 1 million users worldwide. "