Payment processor SumUp has postponed plans for an initial public offering (IPO), citing unfavorable market conditions. Marc-Alexander Christ, co-founder of SumUp, told the business magazine Capital that the timing wasn’t currently ideal, expressing a preference to “wait until the stock market conditions are a little more fertile”. He maintains that a market listing remains a long-term possibility, suggesting 2026 would be a more opportune timeframe than 2025.
SumUp’s decision aligns with a growing trend among German technology companies that have recently deferred potential IPOs. Online auto parts retailer Autodoc scrapped its second attempt at a market listing in late June, citing the “geopolitical situation” as a key factor. Similarly, medical technology firm Brainlab postponed its IPO in early July, deeming the environment “not optimal” shortly before its planned launch. In both instances, owners appeared to be seeking higher valuations.
The London and Berlin-based fintech company, known for its card terminals catering to small businesses and restaurants, has experienced rapid growth. Having reportedly achieved profitability since the end of 2022 – generating revenue through transaction fees – SumUp achieved a valuation of €8 billion in a funding round in the same year. However, whether such a valuation could be sustained in the current market remains uncertain.
Looking ahead, SumUp intends to broaden its customer base, extending its focus beyond small retailers to include larger enterprises. According to Christ, the company aims to develop tailored solutions for this higher-tier segment, an area previously given less attention.