Adyen, a prominent financial technology platform, and SumUp, a global fintech leader for small merchants, have formed a strategic partnership to improve payment experiences and expedite settlements for millions of small businesses worldwide. The objective of this partnership is to expedite access to funds for SumUp's merchants, thereby addressing critical cash flow requirements and reducing the need for substantial working capital reserves. This partnership expands upon SumUp's current near-instant settlements offering, extending this benefit to millions of small and micro merchants in the UK and Europe. According to SumUp, 79% of SME platform users prioritize quicker access to funds and have expressed a strong demand for same-day payouts. As a result of this collaboration, merchants will benefit from industry-leading same-day settlements, available seven days a week, 365 days a year.
SumUp, which currently serves more than four million merchants across 36 markets, is expanding its operations by introducing new product categories and services and entering new markets. Adyen, which is recognized for its financial products, data-driven insights, and end-to-end payment capabilities, provides support to prominent organizations such as Uber, Microsoft, eBay, H&M, and Meta. This partnership, building on their successful collaboration in Australia, sets a new industry standard for future-proof and resilient market expansion. By partnering with SumUp, Adyen reinforces its commitment to supporting both current and prospective clients, advancing its mission to help businesses accelerate growth.
