Smartphone payments company will expand into South America with extra series B injection from BBVA.
SumUp, a Germany-based financial services company which enables mobile point-of-sale payments, has expanded its recent series B funding with a strategic investment from BBVA Ventures, the venture capital arm of Spain-based bank BBVA.
BBVA’s investment is part of a series B funding round previously announced in May 2013, which was described by SumUp as “a double-digit Euro injection” and believed to be over $20m. The series B round was led by new investors e-commerce website Groupon and credit card company…
