Consolidation game mPOS is on

The number two and three players on the European market SumUp and payleven has decided to merge. I believe one reason of this merger is to take on the number one in Europe, iZettle and maybe try to take on Square in the US..

SumUpTotally invested in these two so far is $51M in payleven and €50 in SumUp. In iZettle the raised capital totals $244M and Square raised $590 before going public on November 19, 2015.

Industry players I’ve talked to says the combination of SumUp (“with better technology”) and payleven (“with better sales & marketing”) could be a 1+1=3 game. We will see, anyway the consolidation game in the very crowded hardware mPOS market is on.

 

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