SumUp Acquires Fivestars for $317M

October 28, 2021

SumUp, the London-based payments provider, completed its acquisition of San Francisco-based Fivestars on October 28, 2021 for $317 million in cash and stock. The deal gives SumUp its first U.S. presence and integrates Fivestars' payments, loyalty and marketing automation platform while Fivestars' leadership, including CEO Victor Ho, remain in place.

Buyers
SumUp
Targets
Fivestars
Location
California, United States
Transaction Type
Buyout

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