Noerr has advised Payleven Holding on the merger of the Payleven group with the SumUp group, both mobile payment providers.
The combined company will operate under the name SumUp. The merger is intended to accelerate the international growth of both businesses. All former shareholders in SumUp and Payleven will remain shareholders in the combined holding entity.
A team led by Felix Blobel, a Berlin based Partner and Venture Capital specialist acted on behalf of Payleven. Felix Blobel already advised Payleven in connection with a Series D Financing Round in the course of which Seventure Partners joined Payleven as new investor.