SumUp acquires ‘multi-channel’ e-commerce platform Shoplo

TechCrunch | 2/12/2019 | Staff
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SumUp, the London-based fintech company that enables small businesses to take card payments via its device and online, has acquired “multi-channel” e-commerce platform Shoplo.

Terms of the deal aren’t being disclosed, while SumUp says the acquisition will enable it to expand its product suite to give SumUp merchants access to various online marketplaces, such as Facebook, eBay and Etsy. In addition, Shoplo’s tech will also help SumUp merchants create better-looking online storefronts.

Acquisition - Company - Shoplo - Employees - SumUp

“The acquisition of Warsaw-based company Shoplo, consisting of 30 employees, will provide SumUp with the template, technology, and expertise to expand the e-commerce area of its business, enabling it to offer a scalable solution that will allow its merchants to easily create their own online stores and sell on numerous e-commerce platforms in just a few clicks,” says SumUp.

More broadly, BBVA-backed SumUp started out offering functionality akin to Silicon Valley’s Square, and subsequently merged with Rocket...
(Excerpt) Read more at: TechCrunch
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