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SumUp & Adyen partner to bring faster payouts to SMEs globally

By Gloria Methri

June 21, 2024

  • Adyen
  • Business Finance
  • Card Acceptance

SumUp, FinTech, Adyen, Cards Solutions, Payments Solutions, Merchants Payments, Instant Payouts, UK, Europe Adyen and SumUp have joined forces to offer millions of small businesses worldwide an enhanced payment experience and accelerated settlements.

With this partnership, SumUp builds on its existing near-instant settlements offering for its merchants. It scales this benefit to millions of SMEs in Europe and the UK, giving them access to their money and ensuring full control over their finances.

Through the expansion of accelerated settlements in cooperation with Adyen, SumUp will provide even more of its users with access to same-day settlements seven days a week, 365 days a year. This means that SMEs will receive their funds within minutes rather than within days after a sale.

This initiative provides small businesses with faster access to funds, reducing the need for large working capital reserves and addressing critical cash flow needs. 79% of SME platform users place a high value on faster access to funds and have expressed their demand for same-day payouts.

Adyen’s single platform consolidates payment services, streamlining pay-ins, reporting, and payouts in real time, thereby reducing transit times and enhancing financial agility.

SumUp offers an end-to-end platform of business tools and financial services for SMEs with a vision of a world where everyone can build a thriving business. 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.

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

“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,” said Marc-Alexander Christ, Co-Founder and COO at SumUp.

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