SumUp is purchasing the Rogers Communications-backed payment and marketing software provider to bolster its trans-Atlantic presence.

Payment services provider SumUp has agreed to acquire FiveStars, a US-based integrated payment processing and marketing platform developer backed by telecommunications and media company Rogers Communications, for $317m.

Founded in 2010, FiveStars operates a software platform that brings together a point-of-sale system with payment processing and automated marketing tools including personalised messaging and loyalty programmes for small businesses.

The acquisition comprises an unspecified mix of debt and equity and is intended to help UK-headquartered SumUp expand its business on either…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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