- notes
- {"status": "Acquired", "acquirer": "SumUp", "announcement_date": "2021-10-14", "close_date": "2021-10-28", "price_usd": 317000000, "consideration": "Mix of cash and stock", "acquirer_valuation_context_usd": 285000000, "acquirer_valuation_context_note": "Fivestars post-money valuation at Series D (Oct 2020) per TechCrunch/PitchBook; acquisition represented valuation increase", "post_close_operations": "Fivestars San Francisco team and CEO Victor Ho remained; Fivestars branding retained initially; later integrated/rebranded under SumUp Connect", "current_product_status": "Fivestars consumer/business platform transitioned to SumUp Connect loyalty and marketing product (U.S. launch announced May 2024)", "source_urls": ["https://www.sumup.com/en-us/press/sumup-acquires-us-payments-and-marketing-platform-fivestars-for-317-million/", "https://www.sumup.com/en-us/press/fivestarsacquisition/", "https://techcrunch.com/2021/10/13/european-point-of-sale-provider-sumup-acquires-customer-loyalty-startup-fivestars-for-317m/", "https://www.cnbc.com/2021/10/14/payments-firm-sumup-makes-317-million-acquisition-to-expand-in-us.html", "https://fsweb.fivestars.com/sumup-connect/", "https://www.newswire.com/news/sumup-launches-new-loyalty-and-rewards-program-in-the-united-states-22331737"]}
- source urls
- ["https://fsweb.fivestars.com/sumup-connect/", "https://techcrunch.com/2021/10/13/european-point-of-sale-provider-sumup-acquires-customer-loyalty-startup-fivestars-for-317m/", "https://www.cnbc.com/2021/10/14/payments-firm-sumup-makes-317-million-acquisition-to-expand-in-us.html", "https://www.newswire.com/news/sumup-launches-new-loyalty-and-rewards-program-in-the-united-states-22331737", "https://www.sumup.com/en-us/press/fivestarsacquisition/", "https://www.sumup.com/en-us/press/sumup-acquires-us-payments-and-marketing-platform-fivestars-for-317-million/"]