Mobile payments start-up SumUp announced it has opened up services and offices in three new European countries, namely Italy, Spain, and the Netherlands, reports online publication Techcrunch.com citing the company's representatives. The launch takes the number of countries covered by SumUp to seven, including the UK, Ireland, Germany, and Austria. Aimed at merchants and small businesses who want to accept credit card payments via smartphones, the service consists of a card reader for Visa and MasterCard and an app for Android and iOS, both of which are available at no extra cost. A fee of 2.75 percent is charged per transaction made using the card reader, and there are no set-up or monthly fees.
The announcement comes after Sweden-based rival iZettle announced that it was launching full services in Denmark, Finland and Norway. SumUp launched in August after securing a Series A round of USD 20 million in financing. SumUp's USD 20 million Series A investment comes from b-to-v Partners, Shortcut Ventures, Tengelmann Ventures and Klaus Hommels, the early Skype, Facebook and Xing investor.
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