Adyen, the financial technology platform, and SumUp, a global fintech company for small merchants, have announced a strategic partnership. This collaboration aims to offer an enhanced payment experience and faster settlements for millions of small businesses worldwide.

The partnership enables SumUp to expand its near-instant settlement services to millions of small and micro merchants across Europe and the UK. This will provide these businesses with quicker access to their funds, giving them better control over their finances.

Same-Day Payment Settlements for SMEs

By working with Adyen, SumUp will offer its users industry-leading same-day settlements, available seven days a week, throughout the year. This means that small and medium-sized enterprises (SMEs) will receive their funds within minutes after a sale, instead of waiting for days.

This initiative addresses critical cash flow needs and reduces the necessity for large working capital reserves. A survey indicated that 79% of SME platform users highly value faster access to funds and have expressed a demand for same-day payouts.

The partnership combines the expertise of two global fintech companies. Adyen’s single platform consolidates payment services, streamlining processes such as pay-ins, reporting, and payouts in real-time. This reduces transit times and enhances financial flexibility.

SumUp offers a comprehensive platform of business tools and financial services for SMEs. Its product suite includes in-person and remote payment acceptance, card terminals, 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 payments players to give SMEs the ability to settle at incredible speeds,” commented Alexa von Bismarck, President 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.”

Expanding Global Reach

SumUp has experienced growth by entering new markets and launching new product categories and services. It currently serves over 4 million merchants in 36 markets globally.

The collaboration with Adyen aims to set a new standard for resilient and future-proof market expansion, building on their existing successful partnership in Australia.

“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.