SumUp appoints Executive Vice President for Europe

SumUp appoints Executive Vice President for Europe
18.09.2019 01:03 pm

SumUp appoints Executive Vice President for Europe

Payments , People Moves

 SumUp (sumup.co.uk), today announces the appointment of Alexander von Schirmeister, a former executive at eBay, as its Executive Vice President, Europe.

Alexander brings to SumUp a wealth of experience in both marketing and general management, and most recently held the post of chief digital, technology and innovation officer (CDTIO) at electronics distributor RS Components, where he drove transformation. Prior to this, he was VP, EMEA Expansion & Cross-Border Trade at eBay (as part of over a decade of leadership positions at the company) and a member of the UK client advisory board at Facebook.

The appointment of Alexander follows the recent significant news of SumUp raising a €330m facility - from Bain Capital Credit, Goldman Sachs Private Capital, HPS Investment Partners, and TPG Sixth Street Partners - to accelerate growth and acquire new merchants in its 31 markets across the globe. The company has been broadening its product portfolio, both internally and through the acquisition of Debitoor, for accounting and invoicing, and Shoplo, for ecommerce and marketplaces.

Alexander von Schirmeister, comments “I’m very pleased to be joining SumUp on its growth journey and to be part of an incredible team, which has made SumUp the successful company it is today. SumUp has a simple, yet particularly powerful value proposition which is completely changing the payments landscape around the world, and I believe that we will see this space develop even further over the coming years. By staying very close to its core customers and understanding their evolving needs, SumUp is uniquely positioned to remain the preferred partner to our merchants, and I am very excited to be part of this future.”

Marc-Alexander Christ, Co-Founder of SumUp, comments: “The appointment of Alexander comes amid a busy and exciting year for SumUp, which is now one of the fastest-growing technology companies in the world. Alex brings unrivalled skills and experience of expanding major international retail brands across Europe, and his expertise will be essential in our company’s continued work towards becoming a global market leader for merchant technology. We are certain that with Alex on board we can further enhance SumUp’s technology leadership position and drive the development of our business and new services.”

SumUp is also set to continue its track record of over 120% year-over-year growth, with an ever-expanding team containing 1500+ of the world’s best talent situated across 15 offices on three continents.

SumUp was named Europe’s fastest-growing company in the ‘Inc. 5000’ in 2018 and has over 4,000 companies joining the platform daily. With its card terminals relied upon by over 1.5 million users globally, SumUp expects to generate over €200m in revenue this year.

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