SumUp Raises R$700 Million to Boost Small Business Financing; Mato Grosso Sees Over 21% Growth in Micro and Small Enterprises
SumUp secures R$700 million in funding to advance financial services for small businesses while Mato Grosso witnesses over 21% growth in active micro and small enterprises, highlighting entrepreneurial momentum in Brazil.
- • SumUp raised R$700 million through three FIDCs to expand receivables anticipation for micro and small businesses.
- • SumUp received Central Bank approval to upgrade its financial structure to a Credit, Financing, and Investment Society (SCFI).
- • Mato Grosso reported 508,762 active micro and small enterprises, growing 21.2% from last year, outpacing the national average of 14.3%.
- • The 20th anniversary of Brazil’s General Law for Micro and Small Enterprises highlights reduced bureaucracy and digitalization facilitating business openings.
Key details
SumUp, a key player in financial services and card payment solutions, announced it has successfully raised R$700 million through three Funds of Credit Rights (FIDCs) to enhance its receivables anticipation services for micro and small businesses across Brazil. This capital raise, coordinated by Bradesco BBI on September 17, is part of SumUp's ongoing strategy since 2021, which has seen cumulative funds of R$2.75 billion raised through FIDCs.
The three funds comprise SumUp Smart V with R$350 million in senior shares, Smart VI with R$250 million, and Smart VII with R$100 million, all backed by credit card receivables. This move supports small business owners in accessing early payments for credit sales, boosting their cash flow. Additionally, SumUp has recently received approval from the Central Bank to transition from a Direct Credit Society (SCD) to a Credit, Financing, and Investment Society (SCFI), expanding its financial market capabilities. Founded in Europe in 2012 and establishing its presence in Brazil in 2013, SumUp now serves over 4 million small businesses in 37 markets, offering services beyond card machines, including digital accounts, loans, and payment links.
Parallelly, Mato Grosso is experiencing remarkable entrepreneurial growth, boasting 508,762 active micro and small enterprises (MPEs) as of 2026, marking a 21.2% increase in new business openings from January to August compared to the previous year. This growth surpasses the national average of 14.3%, underscoring the state's vibrant small business ecosystem. Sebrae Mato Grosso points to the significant contributions of small businesses in driving employment, income, and local economic integration, especially in the service sector, which accounts for 259,546 MPEs. Cities like Cuiabá lead in MPE numbers with 166,522 registered enterprises.
Emphasizing entrepreneurial inclusivity, Sebrae's Director-Superintendent Lélia Brun highlighted efforts to empower women entrepreneurs as a catalyst for broader economic advancement. This growth aligns with celebrations marking the 20th anniversary of Brazil’s General Law for Micro and Small Enterprises, which has simplified bureaucratic and tax processes, reducing new business registration time from 70 days to under 24 hours via digitalization.
Rodrigo Soares, President of Sebrae, stressed that the legislation and initiatives like Simples Nacional have transformed complexity into opportunity, fostering a more supportive environment where small businesses can thrive without being burdened as large corporations.
This article was translated and synthesized from Brazilian sources, providing English-speaking readers with local perspectives.
