UK fintech company SumUp acquires iPad POS firm Goodtill for an undisclosed amount

SumUp Image credits: SumUp

Based out of London, SumUp, a global payment service provider, announced the acquisition of Goodtill, the POS software provider recently for an undisclosed amount. 

With this acquisition, SumUp is planning to bolster its portfolio following the acquisition of Debitoor, for accounting and invoicing, and Shoplo, for e-commerce.

Leading provider of iPad POS software

Founded by Animesh Chowdhury, Jonathan Hunot, and Oliver Rowbory, Goodtill is the leading provider of iPad POS software in the UK & Ireland. The company processes transactions totalling over £500M per year and has grown its SaaS revenues 100% year on year for the past three years.

It has more than 1,200 customers in hospitality, with POS systems in over 450 cafes and restaurants, along with pubs, bars, and nightclubs, hotels, major sports stadiums, offices, and schools. 

As per the company’s claims, its latest product, Goodeats, has already processed over 1 million collection and delivery orders providing hundreds of cafes and restaurants with the ability to sell to customers safely during the lockdown.

Goodtill serves thousands of small and larger businesses, and venues, with notable clients including Uber Boat by Thames Clippers, Edinburgh Fringe, The SSE Arena Wembley, The Kia Oval, and Leicester City Football Club. 

Oliver Rowbory, co-founder at Goodtill comments: “For over five years, our aim has been to deliver the best point of service technology to forward-thinking businesses across the restaurant, events and hospitality sectors. We’re incredibly excited to be merging our talented team and expertise with SumUp in order to create an unrivalled offering for our clients and users across the world.”

7,000 companies joining SumUp platform every day

SumUp on the other hand also unveiled a host of new solutions and innovations to help business owners receive payments safely including the introduction of payment links & invoicing options, new online selling functionalities through the ‘SumUp Online Store’, and gift card collaborations with Google, Facebook, and Instagram.

Founded in 2011, SumUp is a financial technology company that allows businesses of all sizes to receive payments quickly and simply, both in-store and online. Named as Europe’s fastest-growing company in the ‘Inc. 5000’, SumUp has over 7,000 companies joining the platform every day. 

Maximilian Stella, VP New Ventures at SumUp comments: “Having worked with the Goodtill team for many years as partners, we’ve been very impressed by their growth, product, and company culture. As our conversations progressed, it became clear that our values and mission are closely aligned, and when the opportunity arose to bring the team on board, it became obvious it’s the right choice.

“Together, we believe we can offer even greater products for merchants in the restaurant and hospitality space, and continue our strong growth.”