Global fintech SumUp, which offers business finance solutions to SMEs, has collaborated with top payments company Adyen in one of the most striking collaborations of the year to expedite payouts for millions of SMEs worldwide.

As per the agreement, SumUp will use Adyen's banking capabilities to provide its merchant clients access to their money more quickly by offering one of the fastest payment systems in the world. Millions of SumUp users may now view almost instantaneous transaction settlements thanks to the agreement.

The agreement between SumUp and Adyen follows the company's May €1.5 billion (US$1.6 billion) private loan round managed by Goldman Sachs, which was the largest private credit deal in European history.This came after a U$307 million increase from a financing round that Sixth Street Growth led in December 2023.

Accelerated payouts and settlements for millions of SMEs

Thanks to Adyen's technology, SumUp can expedite the settlement process and offer same-day settlements to a large segment of its clientele around the clock, seven days a week.

As a result, more SMEs will get funding in a matter of minutes or even seconds rather than days following a payment.

Most importantly, this allows SMEs—many of whom are being impacted by macroeconomic headwinds—to obtain funding more quickly, which lessens the need for large working capital buffers and meets urgent cash flow requirements.

According to 79% of SME platforms in Adyen's Embedded Finance Report, same-day payments are something they would want to see happen more often.

Adyen and SumUp each have several years of expertise in the fintech industry. The potential of Adyen's single banking platform to combine payment services and expedite real-time pay-ins, reporting, and payments has been shown. This has decreased capital transit times and improved financial agility for SMEs.

When companies combine rapid cash settlements with SumUp's end-to-end platform of financial services and business tools, they may begin to enjoy the rewards.

Currently, SumUp's product suite includes online shop hosting, card terminals and point-of-sale registers, free business accounts and cards, invoicing tools, and the ability to collect payments both in person and remotely.

In summary, forming fresh alliances and quickening industry growth

Thanks to Adyen's technology, SumUp can expedite the settlement process and offer same-day settlements to a large segment of its clientele around the clock, seven days a week.

As a result, more SMEs will get funding in a matter of minutes or even seconds rather than days following a payment.

Most importantly, this allows SMEs—many of whom are being impacted by macroeconomic headwinds—to obtain funding more quickly, which lessens the need for large working capital buffers and meets urgent cash flow requirements.

According to 79% of SME platforms in Adyen's Embedded Finance Report, same-day payments are something they would want to see happen more often.

Adyen and SumUp each have several years of expertise in the fintech industry. The potential of Adyen's single banking platform to combine payment services and expedite real-time pay-ins, reporting, and payments has been shown. This has decreased capital transit times and improved financial agility for SMEs.

When companies combine rapid cash settlements with SumUp's end-to-end platform of financial services and business tools, they may begin to enjoy the rewards.

Currently, SumUp's product suite includes online shop hosting, card terminals and point-of-sale registers, free business accounts and cards, invoicing tools, and the ability to collect payments both in person and remotely.

In summary, forming fresh alliances and quickening industry growth
SumUp has expanded to service over 4 million merchants in 36 markets worldwide as a result of its entry into an expanding number of international markets, new product launches, and new collaborations.

By collaborating with Adyen, both companies may further their goals of expanding their markets and strengthen their current alliance in the Australian market.

Both Adyen and SumUp want to establish a new benchmark for tenacious and forward-thinking market expansion.

"This partnership is one of a kind as we join forces as major payments players to give SMEs the ability to settle at incredible speeds," says Adyen's President of EMEA, Alexa von Bismarck.

"Small business owners place a high value on cash flow, so we're honored to have been chosen by SumUp as their partner on this mission."

"Over the last ten years, we established the de facto market standard for card acceptance and financial technology for merchants in 36 markets," says Marc-Alexander Christ, co-founder and chief operating officer of SumUp.

Through this cooperation, we will be able to maintain our innovative approach and provide our merchants the greatest business management solutions, whether it be in the areas of financial services, software, or payments.

"We are thrilled to expand the range of tools and services available to small, medium, and large-scale retailers within our ecosystem."

We chatted with Thom Ruiter, Vice President of Banking and Financial Products at Adyen, in March of this year to find out why quick payments are so important and how the fintech quickly integrated its services with the Bank of England (BoE).

payments and settlements for millions of SMEs that are expedited
Thanks to Adyen's technology, SumUp can expedite the settlement process and offer same-day settlements to a large segment of its clientele around the clock, seven days a week.

As a result, more SMEs will get funding in a matter of minutes or even seconds rather than days following a payment.

Most importantly, this allows SMEs—many of whom are being impacted by macroeconomic headwinds—to obtain funding more quickly, which lessens the need for large working capital buffers and meets urgent cash flow requirements.

According to 79% of SME platforms in Adyen's Embedded Finance Report, same-day payments are something they would want to see happen more often.

Adyen and SumUp each have several years of expertise in the fintech industry. The potential of Adyen's single banking platform to combine payment services and expedite real-time pay-ins, reporting, and payments has been shown. This has decreased capital transit times and improved financial agility for SMEs.

When companies combine rapid cash settlements with SumUp's end-to-end platform of financial services and business tools, they may begin to enjoy the rewards.

Currently, SumUp's product suite includes online shop hosting, card terminals and point-of-sale registers, free business accounts and cards, invoicing tools, and the ability to collect payments both in person and remotely.

SumUp: Striking new partnerships while accelerating market expansion

SumUp has expanded to service over 4 million merchants in 36 markets worldwide as a result of its entry into an expanding number of international markets, new product launches, and new collaborations.

By collaborating with Adyen, both companies may further their goals of expanding their markets and strengthen their current alliance in the Australian market.

Both Adyen and SumUp want to establish a new benchmark for tenacious and forward-thinking market expansion.

"This partnership is one of a kind as we join forces as major payments players to give SMEs the ability to settle at incredible speeds," says Adyen's President of EMEA, Alexa von Bismarck.

"Small business owners place a high value on cash flow, so we're honored to have been chosen by SumUp as their partner on this mission."

"Over the last ten years, we established the de facto market standard for card acceptance and financial technology for merchants in 36 markets," says Marc-Alexander Christ, co-founder and chief operating officer of SumUp.

Through this cooperation, we will be able to maintain our innovative approach and provide our merchants the greatest business management solutions, whether it be in the areas of financial services, software, or payments.

"We are thrilled to expand the range of tools and services available to small, medium, and large-scale retailers within our ecosystem."

We chatted with Thom Ruiter, Vice President of Banking and Financial Products at Adyen, in March of this year to find out why quick payments are so important and how the fintech quickly integrated its services with the Bank of England (BoE).