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Sum Up Appoints Niall Mac an T Sionnaigh As CEO of Sum Up Limited and Alastair Nolan As Head of Finance

PRIVATEAug 30, 2024•almost 2 years ago

Position

Head of Finance

Company

SumUp

Alastair Nolan

London

Description

SumUp has reinforced its European operations with a series of strategic executive appointments at its Dublin office. Niall Mac an tSionnaigh has been appointed as CEO of SumUp Limited, the company's Irish operating company, and Alastair Nolan, who joined as SumUp Group’s CFO Europe, will serve as SumUp Limited’s Head of Finance. Additionally, Claire Gillanders has been appointed as Head of Compliance and Jessica Cotta as Chief Risk Officer for SumUp Limited.

Company Information

Company

SumUp

Location

London, England, United Kingdom

About

Today, the London-based company has expanded into a wider range of business services that are used by some 4 million small and medium businesses in 35 markets, and as it continues to scale out its ambitions, it’s closed in on a major round of funding of €590 million ($624 million). The money will be used for acquisitions, more hiring (it now employs some 3,000 people), and more organic product development, the company said. The investment — led by Bain Capital Tech Opportunities, with participation also from funds managed by BlackRock, btov Partners, Centerbridge, Crestline, Fin Capital, and Sentinel Dome Partners, and others — is coming in the form of 50% equity and 50% debt and values SumUp at €8 billion ($8.5 billion). A decade ago, SumUp was one of the army of fintechs that made names for themselves with dongles that turned basic smartphones into card payment terminals.

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