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SumUp Launches the Corporate Account, a New Solution for SMEs

With instant access to cash receipts, the SumUp account and the SumUp business card allow you to manage your cash flow quickly and easily. The SumUp business account is particularly suitable for those who are about to start a new business and for freelancers. With the business account, in fact, you can open a dedicated account at no cost and separate your business expenses from your family expenses.

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The fintech company SumUp has launched a new free solution for small businesses: the business account and card. An easy-to-use tool that allows SMEs and freelancers to manage their cash flow immediately, and can be purchased not only online but also in some shops in the main Italian shopping centers.

In the field of digital and cashless solutions for small businesses, SumUp expands its ecosystem with this new solution, designed to offer merchants integrated solutions by combining several useful services for business.

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Corporate account and card: SumUp’s proposals for SMEs

Sending, receiving, and managing money quickly and easily has become a must not only for large companies but also for small businesses, SMEs, and startups. SumUp, with its corporate account and card, makes it possible for SumUp POS receipts to be credited to the account within 24 hours, even on public holidays; free instant transfers to transfer money in real-time, even abroad; and the use of the SumUp card to pay online, in-store, or withdraw from ATMs.

With instant access to cash receipts, the SumUp account and the SumUp business card allow you to manage your cash flow quickly and easily. The SumUp business account is particularly suitable for those who are about to start a new business and for freelancers. With the business account, in fact, you can open a dedicated account at no cost and separate your business expenses from your family expenses, simplifying your accounting and meeting an ever-increasing demand from entrepreneurs. “The corporate account has already been adopted by many of our merchants: in 2021 the number of active users in Europe has tripled, while the volume of transactions has increased fivefold – explains Umberto Zola, Growth Marketing Lead – Merchant Bank – For this reason, we have decided to expand our market and our distribution, reaching, with this solution, even small businesses and freelancers, including those who do not sell offline and do not need to use a POS, supporting them in the management of their activities with tools designed specifically for their needs”.

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Solutions for SMEs

For some time now, SumUp has been launching a series of solutions designed to simplify and speed up the commercial and management activities of SMEs: from SumUp Tiller, the cloud checkout that allows you to manage integrated in-store and remote payments, orders and inventory, to the online store, a digital store that allows you to convert your store online, up to payments via Link, with which merchants can offer their customers the ability to pay even remotely.

To make its services and products increasingly available to small merchants, SumUp is expanding its distribution network, with more than 1,800 retail stores in Italy. Since the end of February, SumUp’s “shop in shops” have also been added to these. These are single-brand SumUp branded stores located in 19 shopping centers where trained staff can provide information and detailed technical advice on all products as well as support customers in the activation of their SumUp account and new business account.

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(Featured image by AhmadArdity via Pixabay)

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First published in StartupItalia, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Desmond O’Flynn believes in minimalism and the power of beer. As a young reporter for some of the largest national publications, he has lived in the world of finance and investing for nearly three decades. He has since included world politics and the global economy in his portfolio. He also writes about entrepreneurs and small businesses, as well as innovation in fintech, gambling, and cannabis industries.