Alexander von Schirmeister

UK fintech SumUp has appointed former eBay executive Alexander von Schirmeister as its new Executive Vice President for the European office. The appointment follows SumUp’s €330m investment as well as its acquisition of Debitoor, for expanding accounting and invoicing capabilities, and Shoplo, for eCommerce and marketplace growth.

Alexander von Schirmeister, the designated Executive VP, commented, “I’m very pleased to be joining SumUp on its growth journey and to be part of an incredible team, which has made SumUp the successful company it is today. SumUp has a simple, yet particularly powerful value proposition which is completely changing the payments landscape around the world, and I believe that we will see this space develop even further over the coming years. By staying very close to its core customers and understanding their evolving needs, SumUp is uniquely positioned to remain the preferred partner to our merchants, and I am very excited to be part of this future.”

According to the supplier, Alexander has previously worked at electronics distributor RS Components as its Chief digital, technology and innovation officer (CDTIO) experience in marketing and general management. He also worked at eBay as its VP and was a member of the UK client advisory board at Facebook.

Marc-Alexander Christ, Co-Founder of SumUp, commented, “The appointment of Alexander comes amid a busy and exciting year for SumUp, which is now one of the fastest-growing technology companies in the world. Alex brings unrivalled skills and experience of expanding major international retail brands across Europe, and his expertise will be essential in our company’s continued work towards becoming a global market leader for merchant technology. We are certain that with Alex on board we can further enhance SumUp’s technology leadership position and drive the development of our business and new services.”

Established in 2011 in London, SumUp is a financial technology that allows businesses to receive payments quickly. It offers an end-to-end EMV card acceptance solution built on proprietary hardware and mobile apps with a suite of SDKs and APIs for third parties to integrate card payments into their mobile apps. The SumUp product suite also provides each business with a Virtual Terminal and state-of-the-art SMS (text message) payment application.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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