DUBAI: SumUp Inc, a six-year-old electronic payments startup, secured a ?330mil (US$371mil) loan, backed by Bain Capital Credit, Goldman Sachs Private Capital and others to fuel its expansion.
The London-based company plans to boost its customer base across 31 markets and develop its range of products, including via acquisitions. The startup makes credit-card readers to help businesses of all size receive payments faster, both in-store and online, and is working to improve contactless payments.
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