UK fintech SumUp acquires ecommerce platform Shoplo
UK fintech company SumUp, which enables small business to accept card payments via the SumUp device and online, has acquired Shoplo. This is a multi-channel ecommerce platform from Poland. With Shoplo, retailers can easily open their store online.
With the acquisition, SumUp can expand its product offering and give their merchants access to various online marketplaces, such as Facebook, eBay and Etsy, the company announces.
Online storefronts with multiple templates
Currently, SumUp offers services that enables merchants to accept payments on-the-go or online, manage their business at the point of sale and let them do invoicing and bookkeeping. With the addition of Polish ecommerce platform Shoplo, the UK company expands its services by offering online storefronts with multiple templates.
“From the boutique clothing stores to florists and microbrewers, our platform is constantly looking to the technology solution which helps their business to flourish. By leveraging Shoplo’s technology, SumUp’s merchants will get easy access to creating their very own online stores”, says co-founder Marc-Alexander Christ.
One-stop-shop for all businesses
SumUp wants to be a one-stop-shop for businesses of all sizes. The acquisition of Shoplo fits in this strategy, and so does the recent acquisition of Danish company Debitoor, an invoicing-software platform.