SumUp expands with new business card

Josh Peachey's picture
by Josh Peachey

SumUp, a London-based fintech company, has launched its first card for business payments, in partnership with Mastercard. 

SumUp made its name with contractless card machines for merchants but is now expanding into cards.

Perks of the business card include allowing merchants easier and quicker access to their funds, the ability to closely monitor their finances, and the ability to carry out quicker business payments.

This new addition to the product suite will allow payments taken by merchants via SumUp readers to flow directly to their SumUp Card.

The card also guarantees next-day payouts providing smaller merchants with vital access to funds when convenient with all purchases and balance being monitored through the SumUp App. 

SumUp made its name with contractless card machines for merchants but is now expanding into cards.

SumUp’s latest figures show that 2 million merchants currently rely on SumUp’s technology worldwide.

Marc-Alexander Christ, Co-Founder of SumUp, said: “This is a small card, for big ideas. Since launching our first reader, we have been dedicated to empowering merchants so they can focus on making their business as successful as possible.

“We had this in mind when we designed our latest product, with the SumUp Card being a smart solution so we can continue being the driving force behind small businesses across the globe.” 

The card will be available in the UK, Italy and France with plans to extend the service to further territories in the next 12 months.