Group 1 - SumUp Payments is seeking bank pitches for a potential IPO in Europe, moving away from its earlier plans for a US listing [1][2] - The company is collaborating with STJ Advisors for the IPO preparations, considering locations such as London, Amsterdam, and Frankfurt [1][2] - The shift to a European listing is based on recommendations from advisers, who suggested it due to the company's sales proportion in the US [2] Group 2 - The potential IPO could value SumUp at $10 billion or more, with a previous valuation of $8.5 billion in 2023 during a funding round [2] - No final decision has been made regarding the IPO, as discussions are still ongoing [2] - Founded in 2012, SumUp provides payment technology for small and medium-sized businesses, supporting over 4 million merchants [3] Group 3 - In 2024, SumUp raised €1.5 billion (approximately $1.7 billion) from private credit lenders, led by Goldman Sachs, to refinance existing debt and pursue global growth opportunities [4] - The company is backed by notable investors including Goldman Sachs, Sixth Street, Bain Capital Credit, BlackRock, Temasek, Oaktree Capital Management, and Apollo Global Management [4]

Company Overview - BillingPlatform is a cloud-based payments company that provides billing, invoicing, payments, subscription, and revenue management services [3]. Leadership Change - Chris Bishop has been appointed as the new CEO of BillingPlatform, succeeding Dennis Wall, who will remain on the board of directors [6]. - Bishop previously served as the chief customer officer at Conga and has over 20 years of experience in enterprise software [6]. Financial Background - BillingPlatform has raised a total of $104 million, with the most recent funding round being a $90 million investment from FTV Capital in January 2024 [4]. - FTV Capital's investment portfolio includes several companies in the payments sector [4].