London-based fintech startup SumUp has declared that it has acquired Polish multichannel e-commerce platform, Shoplo. Banco Bilbao Vizcaya Argentaria (BBVA) -backed SumUp allows small businesses to receive payments in an efficient and hassle-free manner.
After acquiring Warsaw-based company Shoplo, SumUp will be expanding its product suite, which will enable the SumUp merchants to reach out to various online marketplaces and artistically pleasing online storefronts, irrespective of the type of business. SumUp will be scaling up its services for its over 1 million active users worldwide.