Today we are very excited to announce that we are joining forces with SumUp and have entered into a definitive agreement to be acquired. SumUp is an international FinTech company, that simplifies card payment processing. The company has been named the fastest growing European enterprise in ‘Inc. 5000’ and is operating in 31 markets globally.
With SumUp we are ready to expand on our mission and empower everyone to do what they love by simplifying ecommerce and supporting small and medium-sized stores around the globe.
Today marks the next phase in a journey that started in 2012 with Shoplo’s foundation. It was created by people who believed that e-commerce can be simple and available to anyone. The same belief drives us today, and with this acquisition, we are happy to help and support more people to turn their passion into reality.
Currently, we are supporting over 3000 online stores in Europe, helping them to centralize inventory and business operations into one place so that they can grow more easily.
This merge with SumUp offers us unparalleled opportunities for expansion, access to new markets and over 1 million active merchants that SumUp is boasting.
Marc-Alexander Christ, Co-Founder of SumUp, comments: “From the shop-floor to the online checkout – SumUp is looking to be the first point-of-call to merchants globally. Every decision we make to expand our product suite is made with the consideration and feedback from our 1 million users worldwide. From the boutique clothing stores, to florists and microbrewers, our platform is constantly looking to the technology solution which helps their business flourish. By leveraging Shoplo’s technology, SumUp’s merchants will get easy access to creating their very own online stores and selling on numerous eCommerce platforms in just a few clicks.”
We are excited to share more about what we’ll be working on together in the coming months. This partnership will allow us to develop dynamically and speed up our entry into international markets where SumUp is operating today. Together, we will strive to combine the online and offline worlds and make life easier for you – our entrepreneurs. The possibilities of our cooperation are enormous, and we are just about to get started.
Together with SumUp we plan to grow the team in Poland and bring global talent to our Warsaw HQ. Shoplo founders, Patryk Pawlikowski and Grzegorz Lech, join SumUp leadership team as VP of eCommerce and VP of Online Services respectively.
We wanted to reassure all our customers that nothing, except better possibilities for developing store, will change. We are going to stay in Warsaw, helping you to sell more, constantly improving on providing you with ever greater product and support.
Patryk Pawlikowski, CEO of Shoplo, states: “Our mission to simplify eCommerce is in accordance with SumUp’s mission to empower small merchants globally and the acquisition will allow for scalability as well as faster go-to-market time that would not have been possible otherwise. Together, our two companies will work on bridging the online and offline worlds and taking the hassle out of the merchants’ lives and allowing them to focus on what they do best, bringing beautiful products to customers online and in-store.”
We couldn’t be more excited about this opportunity and all these new possibilities and wanted to say thank you to all the people who supported us on our journey.
Today’s news isn’t the end of our story, but just a beginning. So stay tuned!