Global FinTech SumUp appointed Michael Schrezenmaier as its new CEO Europe, as the U.K. startup moves toward becoming a one-stop shop for merchants, the company said in a press release emailed to PYMNTS.
Headquartered in London and launched in 2011, SumUp offers merchants point-of-sale (POS) and other digital payment solutions, enabling businesses to accept card payments online and in-store.
Schrezenmaier has served in several C-suite positions, including COO and co-CEO at the CRM platform Pipedrive, which achieved unicorn status under his leadership. His hands-on approach and founder’s mindset align with SumUp’s diverse culture and myriad markets, the company said.
See also: SumUp Taps Google Pay for Merchants to Spend POS Proceeds
Before Pipedrive, Schrezenmaier was COO and managing director at the publicly listed global dating firm Spark Networks. He also held several management posts at the logistics and supply chain company Kuehne + Nagel.
“SumUp is a company known for its entrepreneurial spirit and willingness to embrace change, which, combined with its growth journey and continued upward trajectory, makes this an exciting time to join,” Schrezenmaier said. “Through its range of innovative solutions and dedication to merchants, SumUp is a leader in the payment space, and I look forward to getting to know our merchants, drawn from across the globe, as the company continues its evolution to becoming the go-to financial and business account platform for SMEs in Europe.”
Earlier this year, SumUp raised €750 million ($873 million) in an over-subscribed funding round in March, with investments from Goldman Sachs, Temasek, Bain Capital Credit, Crestline and Oaktree Capital Management.
See also: London FinTech SumUp Notches $893M for Expansion
Marc-Alexander Christ, co-founder of SumUp, said Schrezenmaier’s appointment is part of the company’s drive to “maintain positive momentum” by attracting outstanding talent. He pointed to Schrezenmaier as someone who will steer the company in the right direction to “uphold our strong position in Europe — and deliver for our merchants.”
SumUp works with more than three million merchants in 34 markets across Europe, the U.S., Brazil and Chile. The company’s workforce has 2,600 employees across 19 offices around the globe.
World FinTech SumUp appointed Michael Schrezenmaier as its new CEO Europe, because the U.Ok. startup strikes towards changing into a one-stop store for retailers, the corporate mentioned in a press launch emailed to PYMNTS.
Headquartered in London and launched in 2011, SumUp presents retailers point-of-sale (POS) and different digital cost options, enabling companies to simply accept card funds on-line and in-store.
Schrezenmaier has served in a number of C-suite positions, together with COO and co-CEO on the CRM platform Pipedrive, which achieved unicorn standing below his management. His hands-on method and founder’s mindset align with SumUp’s various tradition and myriad markets, the corporate mentioned.
See additionally: SumUp Faucets Google Pay for Retailers to Spend POS Proceeds
Earlier than Pipedrive, Schrezenmaier was COO and managing director on the publicly listed international relationship agency Spark Networks. He additionally held a number of administration posts on the logistics and provide chain firm Kuehne + Nagel.
“SumUp is an organization recognized for its entrepreneurial spirit and willingness to embrace change, which, mixed with its progress journey and continued upward trajectory, makes this an thrilling time to hitch,” Schrezenmaier mentioned. “Via its vary of progressive options and dedication to retailers, SumUp is a frontrunner within the cost area, and I look ahead to attending to know our retailers, drawn from throughout the globe, as the corporate continues its evolution to changing into the go-to monetary and enterprise account platform for SMEs in Europe.”
Earlier this 12 months, SumUp raised €750 million ($873 million) in an over-subscribed funding spherical in March, with investments from Goldman Sachs, Temasek, Bain Capital Credit score, Crestline and Oaktree Capital Administration.
See additionally: London FinTech SumUp Notches $893M for Growth
Marc-Alexander Christ, co-founder of SumUp, mentioned Schrezenmaier’s appointment is a part of the corporate’s drive to “preserve constructive momentum” by attracting excellent expertise. He pointed to Schrezenmaier as somebody who will steer the corporate in the best path to “uphold our robust place in Europe — and ship for our retailers.”
SumUp works with greater than three million retailers in 34 markets throughout Europe, the U.S., Brazil and Chile. The corporate’s workforce has 2,600 staff throughout 19 places of work across the globe.