SumUp to provide in-app investing to merchant clients

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Starting in Germany in March, with a wider European and UK rollout to follow, merchants can now allocate their balance into competitive, euro-denominated fractional money market funds.

By integrating this investment option into its business banking offering, SumUp gives merchants a straightforward way to potentially earn returns on surplus cash, without complex processes or additional providers.

Behind the scenes, Upvest’s investment infrastructure handles order execution and settlement, custody, regulatory reporting and tax processing.

Felix Lamouroux, SVP Global Banking at SumUp, says: “Small businesses are under constant pressure to set money aside for a rainy day. Yet too often this money sits idle in deposits, when it could be earning interest through investments. By bringing simple, low-risk investment options onto the SumUp platform, merchants can build wealth on their existing deposits all within a trusted, familiar environment.”

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