SumUp and Payleven merge
The two fintech startups SumUp and Payleven merge their businesses. Both offer software and hardware that lets you use your smartphone for debit and credit card transaction. The new company will continue with the name SumUp and have SumUp’s previous CEO and founder Daniel Klein as the new head of the company as well. Both parties decided to not share any further information about the deal.
Global Fashion Group raises $339 million
Rocket Internet’s Global Fashion Group announces a $339 million funding round at an valuation of $1.1 billion. That’s particularly interesting because just one year ago the valuation was over $3 billion.
[Tech In Asia], [Gründerszene] (German)
HEUREKA Conference Early Bird Sale ends on April 30th
Get your ticket 25% off today and join us for our annual conference on June 7th in Berlin. Besides you and us, Philipp von Borries (Refinery29), Roland Grenke (Dubsmash) and Monique Woodard (500 Startups) and many more will join.