SumUp & Adyen Partner to Deliver Faster Payouts for Global SMEs

In one of the most eye-catching partnerships of the year, global fintech SumUp – which provides SMEs with business finance tools – has partnered with leading payments provider Adyen to deliver faster payouts for millions of SMEs around the globe.

Per the arrangement, SumUp will leverage Adyen’s banking services to provide its merchant clients with one of the world’s fastest payout systems, giving them access to their money faster. The partnership also enables millions of SumUp clients to see near-instant settlements on transactions.

SumUp's deal with Adyen comes after it raised €1.5bn (US$1.6bn) in a private credit round led by Goldman Sachs this May – the biggest European private credit transaction seen in years. This followed a U$307m boost in a December 2023 fundraising round led by Sixth Street Growth.

Accelerated payouts and settlements for millions of SMEs

By accelerating the settlement process thanks to Adyen’s tech, SumUp can provide a vast proportion of its client base with same-day settlements 24/7, 365 days a year.

This means more SMEs will receive funds within minutes, or even seconds, as opposed to days after a payment has been made.

Crucially, this gives SMEs – many of which are experiencing the force of macroeconomic headwinds – faster access to funds, reducing the need for vast reserves of working excess capital and addressing critical cash flow needs.

In Adyen’s Embedded Finance Report, 79% of SME platforms placed a high value on faster access to funds and expressed a desire for same-day payouts.

Both Adyen and SumUp bring decades of experience in the fintech space. Adyen’s single banking platform has proven its ability to consolidate payment services and streamline pay-ins, reporting, and payouts in real time – reducing capital transit time and increasing financial agility for SMEs.

Combined with SumUp’s end-to-end platform of business tools and financial services, businesses can start to reap the benefits of instant cash settlements.

SumUp’s product suite currently offers in-person and remote payment acceptance, card terminals and point-of-sale registers, a free business account and card, online store hosting and invoicing tools.

SumUp: Striking new partnerships while accelerating market expansion

SumUp’s entry into an increasing number of markets across the globe, all while striking new partnerships and launching new products has seen it grow to now serve over 4 million merchants in 36 markets globally.

Partnering with Adyen boosts both firms’ market expansion aims, and builds upon their existing relationship in the Australian market.

Both SumUp and Adyen hope to set a new industry standard for resilient and future-proof market expansion.

Alexa von Bismarck, President of EMEA at Adyen, says: “This partnership is one of a kind as we join forces as major payments players to give SMEs the ability to settle at incredible speeds.

“Cash flow is of the utmost importance for small business owners, and we are proud of being selected by SumUp as their partner on this mission.”

Marc-Alexander Christ, Co-Founder and COO at SumUp adds: “Over the last 10 years, we established the de facto market standard for card acceptance and financial technology for merchants in 36 markets.

“This partnership will allow us to keep pushing boundaries and continue providing our merchants with the best solutions to manage their business, be it payments, software or financial services.

“We are excited to amplify our ecosystem of tools and services for small, medium and even enterprise merchants.”

In March this year, we spoke to Adyen's Vice President of Banking and Financial Products, Thom Ruiter, on why speed in payments is paramount, and how the fintech managed to integrate its services with the Bank of England (BoE) in record time.

Adyen partners with SumUp