Fivestars by SumUp is a dynamic player in the Financial Services, Mobile, Payments, Marketing, CRM, and Sales sectors, headquartered in the United States. Since its founding in 2011, the company has been committed to its slogan: "We help businesses and communities thrive by turning every transaction into a relationship." By integrating credit card readers with all-in-one payment and automated marketing solutions, Fivestars serves over 12,000 small businesses nationally, facilitating more than 100 million transactions and generating $3 billion in local merchant sales annually.
In October 2021, Fivestars was acquired by SumUp, a leading financial technology company supporting over 3 million merchants worldwide. SumUp itself is noted as one of Europe’s fastest-growing companies. Prior to the acquisition, Fivestars had secured a $52.20 million Series D investment from several prominent investors, including Lightspeed Venture Partners and Doll Capital Management. With this strategic backing and robust network, Fivestars is well-positioned for further growth in transforming transactional relationships.