London-based payments company SumUp has acquired e-commerce company Shoplo, enabling SumUp's merchants to access marketplaces including Etsy, eBay and Facebook. The acquisition will also allow SumUp merchants to develop online stores. The company also recently acquired invoice platform Debitoor as it looks to expand its suite to offer other services such as invoicing and bookkeeping. SumUp claims to have achieved annual revenue of $1 billion.
London-based payments company SumUp has acquired e-commerce company Shoplo, enabling SumUp's merchants to access marketplaces including Etsy, eBay and Facebook. The acquisition will also allow SumUp merchants to develop online stores. The company also recently acquired invoice platform Debitoor as it looks to expand its suite to offer other services such as invoicing and bookkeeping. SumUp claims to have achieved annual revenue of more than $200m.