SumUp struggles to €8bn valuation as tech sell-off hits UK fintech
![SumUp struggles to €8bn valuation as tech sell-off hits UK fintech](https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F4b3edd67-dc89-466b-bd69-2f5fbaedb5cf.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1)
London-based payment-services group had earlier hoped to raise funds at €20bn pricetag
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Technology sector
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Downrounds in European tech: the list
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Venture capital investment
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London fintech SumUp raises £507m at a £6.8bn valuation
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Deutsche Bank enters the WhatsApp chat
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Mobile payments
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Ronaldo and hedgies know the crypto score
Fintech Insider Podcast by 11:FS - Podcast
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How do startup valuations actually work?
![](https://www.milanfintechsummit.com/wp-content/uploads/2021/03/cover-mfs-fintech-startups-value.jpg)
Fintech startups hit $121.7B in total funding, a $20B increase in
![](https://www.verdict.co.uk/wp-content/uploads/2021/03/SumUp-3G_Cafe_4_CloseUp_2019.png)
SumUp declines to sum up its valuation following €750m round
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Mobile payments