Revolut vs SumUp

June 26, 2023 | Author: Sandeep Sharma
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Revolut
Revolut
Revolut Ltd is a UK financial technology company that offers banking services including a prepaid debit card, fee free currency exchange, commission free stock trading, cryptocurrency exchange and peer-to-peer payments.
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SumUp
SumUp
With SumUp you now can accept card payments everywhere in a simple, secure and affordable way with your smartphone or tablet.
Revolut and SumUp are both notable players in the financial technology sector, but they serve different purposes and offer distinct features. Revolut is primarily known as a digital banking platform that provides users with a range of financial services, including currency exchange, international money transfers, budgeting tools, and a multi-currency prepaid debit card. It offers a mobile app that enables users to manage their finances, make payments, and track expenses. On the other hand, SumUp specializes in providing simple and affordable point-of-sale (POS) solutions for small businesses. It offers compact card readers that can be easily connected to smartphones or tablets, allowing businesses to accept payments in-person. SumUp provides additional features like inventory management and sales reporting, making it a convenient solution for small-scale merchants.

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Revolut vs SumUp in our news:

2015. Mobile payment service SumUp raised $45M



European mobile payment startup SumUp has recently secured additional funding, bringing its total investments to $45 million. As a competitor to Square, iZettle, and Rocket Internet's Payleven, SumUp intends to utilize this investment to enhance its hardware offerings, similar to Square's approach. Unlike other companies such as iZettle, SumUp has strategically developed its business to achieve vertical integration. This includes the development of its own hardware solutions instead of relying on external partnerships. Currently, SumUp operates in 13 markets, encompassing 12 European countries and Brazil. The company also has plans to expand into two more markets by the end of the year, including Sweden, which is iZettle's home market.

Author: Sandeep Sharma
Sandeep is a marketing expert with a wealth of knowledge in various domains: customer relationship management, social media management, advertising, search engine optimization, website building, Sandeep has established himself as a multifaceted professional. He honed his skills while working at Salesforce and Hubspot, where he gained invaluable insights into the industry. Now, as the proud owner of a small advertising consulting agency, Sandeep continues to provide innovative and effective strategies to businesses, helping them thrive in the competitive landscape of digital marketing. You can contact Sandeep via email sandeep@liventerprise.com