SumUp Cash Advance

Lender

Min. Advance	£TBC
Max. Advance	£20,000
Decision Time	2 Working Days

Address
SumUp Payments Limited
16-20 Short's Gardens,
London,
WC2H 9US

Email
[email protected]

Phone
03308 083 887

Visit Website Check Eligibility

About SumUp

SumUp is a global fintech company founded in 2012, best known for its mobile card readers and payment solutions tailored to small and independent businesses. Its all-in-one platform enables merchants to accept payments, issue invoices, manage finances, and access business loans, all from a single, user-friendly interface.

In 2024, SumUp launched its very own merchant cash advance product in the UK. Known as SumUp Cash Advance, it offers fast and flexible funding to existing customers who regularly use SumUp’s card payment services.

Key Milestones

SumUp has grown into a global fintech leader, supporting over 4 million businesses across more than 30 countries
SumUp launched its Cash Advance product to UK sellers in early 2024
In 2020, SumUp acquired Goodtill, a London-based POS provider, strengthening its offering in the restaurant and hospitality sectors
Raised €1.5 billion in funding through a private credit deal led by Goldman Sachs Asset Management, one of the largest debt financings in European fintech history

SumUp Cash Advance – At a Glance

SumUp's Merchant Cash Advance offers fast, flexible funding up to £20,000 for UK businesses that already process card payments using SumUp. With this product, you receive money upfront and repay it gradually as a fixed percentage of your card sales until the advance is fully settled. Repayments move with your sales, so if you don’t earn, you don’t pay.

There are no fixed monthly payments, no hidden costs or interest—just a single, transparent fee agreed in advance. This makes it an ideal option for businesses with variable income, such as retailers, salons, cafés, and service providers.

You can receive your funds within 2 working days, and the money can be used for virtually any business purpose, such as purchasing inventory or equipment, managing seasonal dips or investing in growth opportunities.

Eligibility Criteria

SumUp uses your account activity to assess eligibility and set a cash advance limit that your business can use. It’s automatic, so you don't need to apply. If you're eligible, a cash advance offer and your available limit will appear directly in your SumUp app or online dashboard.

Key eligibility requirements include:

You must be an existing SumUp customer
Be a UK-based sole trader, partnership, or limited company
Transact over £800 monthly for at least 3 months
Operate ins an accepted business category (e.g., charities are not currently supported)