“European Square” Launches in Europe With $20M Backing

SumUp, a company being dubbed the “European Square,” opened for business today with over $20 million in backing, according to TechCrunch.

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    Using the familiar dongle-and-app mobile set-up, SumUp will take 2.75 percent of every transaction made with its reader, and is currently compatible with Visa, MasterCard and Europay.

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