SumUp Acquires E-Commerce Company Shoplo

sumupSumUp, a London, UK-based financial technology company that allows small businesses to receive payments in a cost-effective way, quickly, acquired Shoplo, a Warsaw, Poland-based multichannel e-commerce platform.

The amount of the deal was not disclosed.

Founded in 2012 and led by Patryk Pawlikowski, CEO, Shoplo is a multichannel e-commerce platform that allows small businesses to start selling online. Thanks to its drag and drop storefront builder and multichannel features, users can decide how their online store will look like, design it, customize it to reflect their brand, and start selling in-store, on eBay, Etsy and other platforms in minutes.

The 30 employee strong company is currently supporting over 3,000 online stores in Europe.

Led by Marc-Alexander Christ, SumUp is a financial technology company that allows businesses of all sizes to receive payments, both in-store and online. Today, its product suite encompasses accepting payments on-the-go or online, managing business at the point of sale, invoicing and bookkeeping, third-party integrations of payments, and other services via SDKs and APIs. In October 2018, the company released its 3G reader, a card terminal that lets merchants process payments without the need for a mobile app or constant Wi-Fi connection.

With the addition of Shoplo, it is expanding its services for its over 1 million active users worldwide, offering online storefronts with multiple templates, features such as international shipping, chat functionality, invoicing and payments, as well as a multi-channel capability which enables merchants to sell on different marketplaces – such as Facebook, eBay or Etsy – all from within one central dashboard.

The acquisition is part of the SumUp’s expansion strategy and, as part of it, the company recently acquired Danish company Debitoor, an invoicing-software platform originally established for freelancers and SMEs which will be integrated within SumUp’s user offering. Debitoor’s team of 45 employees has joined SumUp.



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