SumUp to give 1% of revenues back to the planet
18 November 2021 - London: Global financial technology company SumUp has today announced its decision to join 1% for the Planet and commit 1% of future net revenues to environmental causes such as preventing deforestation, building renewable energy infrastructure, practicing regenerative organic agriculture, conserving water, diverting waste, and creating more sustainable materials.
SumUp’s vision is to create a world where small merchants can be successful doing what they love, and the company over the past ten years has become a leading financial services company, building a global network of over 3.5 million merchants and partners throughout Europe and the Americas.
SumUp is now leveraging its success to play a leading role in protecting our environment. By dedicating a portion of revenue to support environmental causes, SumUp will provide much needed financial support to develop impactful, long-term solutions to improve the world we live in.
“It is our duty as individuals and organizations, not only for ourselves but especially for our youth and future generations, to take action,” said Marc-Alexander Christ, co-founder of SumUp. “We believe that our mission of serving small merchants includes an obligation to help protect the world they live in. We are grateful we are in a position to be able to pledge a portion of our net revenues to environmental organizations, and we hope it’s only the beginning. Ideally, SumUp’s pledge will inspire other technology companies to increase their efforts to protect the environment we all share.”
1% for the Planet is an organization designed to bring businesses and people together to increase smart environmental giving and ultimately create a healthier planet.
Kate Williams, CEO of 1% for the Planet, explains, "Currently, only 3% of total philanthropy goes to the environment and only 5% of that comes from businesses. The planet needs bigger support than this, and our growing network of business members is doing its valuable part to increase giving and support on-the-ground outcomes. We're excited to welcome SumUp to our global movement."
SumUp’s announcement comes amid a successful year of innovation, expansion and growth for SumUp. The company recently bolstered its US expansion plans through its $317 million acquisition of Fivestars, which provides loyalty, marketing, payments and other services to thousands of small merchants in the US. The acquisition came after a $895 million debt raise in March of this year.
About SumUp
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 supports over 3.5 million merchants globally and operates in 34 markets across Europe, the U.S., Brazil and Chile. With its card terminals and online services relied upon by businesses of all sizes from DHL to black cab drivers - SumUp is the partner of choice for small businesses from every walk of life.
With SumUp, the leading mobile point-of-sale (mPOS) company in Europe, merchants can accept credit and debit cards, using their smartphones or tablets, in a simple, secure and cost-effective way. SumUp's mobile card acceptance solution is built on proprietary end-to-end EMV payment technology, terminal hardware and mobile applications.
SumUp’s 100% digital sign-up, fast delivery, and quick and easy set-up means that merchants can be empowered by digital transactions within just minutes from receiving their card terminal.
About 1% for the Planet
1% for the Planet is a global organization that exists to ensure our planet and future generations thrive. We inspire businesses and individuals to support environmental nonprofits through membership and everyday actions. We make environmental giving easy and effective through partnership advising, impact storytelling and third-party certification.
Started in 2002 by Yvon Chouinard, founder of Patagonia, and Craig Mathews, founder of Blue Ribbon Flies, our business members and individual members have given hundreds of millions of dollars to our approved nonprofit partners to date. Today, 1% for the Planet’s global network consists of thousands of businesses, individuals and environmental nonprofits working toward a better future for all.
Look for our logo to purchase for the planet, learn more and join at www.onepercentfortheplanet.org.
For SumUp media enquiries
Connor Batty / Matt Lloyd
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