In May 2016, SumUp acquired Payleven for an undisclosed amount. Both companies in 2012 began offering card payment processing from smartphones and tablets to micromerchants in Europe. Post-merger integration of operations and human resources have been completed, and the migration of Payleven merchants to the SumUp platform is expected to be completed in the first quarter of 2017. At that time, SumUp’s platform will support 1.1 million merchants in 15 countries, mostly in Europe but also in the U.S., Brazil, and Chile. SumUp signs contracts directly with merchants. It also provides softwar...