SumUp: Acquires Lithuanian fintech Paysolut

  • The global payment service provider SumUp has acquired the core banking system provider Paysolut
  • Representatives of SumUp say that the acquisition of the Lithuanian company aims to create even stronger technology-based banking solutions
  • Operating in 32 global markets, and serving more than 3 million company’s customers in various countries of the world
  • SumUp has worked with Paysolut as business partners for the past two years making the acquisition a natural extension of the partnership
  • Becoming part of SumUp will help Paysolut expand its highly qualified team and offer a new level of quality products
  • In terms of Paysolut’s future, SumUp intends for the company to run its business as usual
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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