Fivestars by SumUp

Fivestars by SumUp is a financial technology startup that aims to help local businesses thrive by transforming every transaction into a relationship. Since its establishment in 2011, Fivestars has grown into a national commerce network, with 70 million users driving sales to over 12,000 small businesses. This has resulted in over 100 million transactions and $3 billion in local merchant sales annually. The company's acquisition by SumUp in October 2021 has further strengthened its position. SumUp, a leading financial technology company, supports over 3 million merchants worldwide and operates in 34 markets across Europe, the U.S., Brazil, and Chile. The last significant investment of $52.20M in a Series D round took place on 16 October 2020, with notable investors including Lightspeed Venture Partners, Doll Capital Management, HarbourVest Partners, Menlo Ventures, and Salt Partners. Fivestars' all-in-one payments and automated marketing program effectively support local businesses, reflecting its commitment to helping businesses and communities thrive.