The Europe-based mobile payment technology providers, collectively backed by Groupon, Amex, Tengelmann, BBVA and MePay, have agreed a merger deal.
Mobile payment technology providers Payleven and SumUp, which boast a raft of corporate backers between them, agreed yesterday to merge.
Both UK-based SumUp and Germany-based Payleven were founded in 2012 and provide card readers that can connect to mobile devices, enabling small and medium-sized businesses to accept payments anywhere.
SumUp had raised a total of $56m, most recently securing $11.2m in an August 2015 round backed by online deals provider Groupon, payment services firm American Express and BBVA Ventures,…
