SumUp raises $135M to fund receivables advances for small businesses in Brazil
What's the deal? SumUp has raised US$179.1M (roughly $135 million) in lending capital to expand receivables advances for small businesses in Brazil. The payments fintech structured the raise across three credit-rights funds (FIDCs) on September 17, with Bradesco BBIDealroom has a profile for this one. Try Dealroom → as sole coordinator.
How it's structured: The capital was split across three funds — SumUp Smart V with US$89.5M in senior shares, Smart VI with US$64M, and Smart VII with US$25.6M. All three are backed by credit-card receivables from various issuers.
What's the endgame? The money funds receivables advances, which let micro and small businesses collect on instalment sales early for a fee. It also lets SumUp compete for the cash small merchants use to finance inventory and cover expenses — moving the company beyond payment processing.
Why now? The raise follows Brazil's central bank authorising SumUp to shift from a direct credit society (SCD) to a credit, financing, and investment society (SCFI) — a licence that widens its role in the country's financial market.
Founded in Europe in 2012, SumUp arrived in Brazil in 2013 selling card readers to small merchants and freelancers. Its offering now spans digital accounts, loans, and payment links, serving more than 4 million small businesses across 37 markets.
By the numbers: SumUp has tapped FIDCs since 2021, when it raised US$76.7M in its first card-receivables deal. It followed with US$51.2M in 2022, US$127.9M in 2023, and US$447.7M across five deals in 2025. In 2022, it also raised €590 million at an €8 billion valuation in a round led by Bain Capital Tech OpportunitiesDealroom has a profile for this one. Try Dealroom →, with BlackRock and CenterbridgeDealroom has a profile for this one. Try Dealroom → participating.
The signal: The raise ranks among the larger lending-capital deals of its kind, underscoring how fintechs are using capital markets rather than equity to fund credit products. For SumUp, repeat FIDC issuance has become the engine behind its push from hardware into lending.
Read more: exame.com
Image credit: Robb Sutherland
