May 2016

"Game changer" merger in the Mobile Payments industry assisted by CasePro

<h3> </h3> <p>CasePro team led by Damyana assisted SumUp Holdings S.a.r.l on the transaction structurring and the successful closing of its merger with Payleven, considered as a key transaction in the area of mobile payments The transaction was announced as a game-changer for the mobile payments industry and a step towards creating the first ever global card acceptance brand.</p> <p>The merged company which will operate under the name SumUp in the future, is said to currently process more than €1 billion annually in a total of 15 countries. Investors of the two European startups include Rocket Internet, Holtzbrinck, NEA, BBVA, Groupon.</p> <p>More information you can find here: <a href="http://tech.eu/brief/fintech-fusion-european-mobile-payment-startups-sumup-and-payleven-confirm-merger/">link 1</a>; <a href="http://techcrunch.com/2016/04/27/sumup-and-payleven-merge-as-european-square-clones-consolidate/">link 2</a>; and <a href="http://www.deutsche-startups.de/2016/04/14/payleven-und-sumup-es-bahnt-sich-eine-fusion/">link 3</a>.</p>

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