SumUp appoints Michael Schrezenmaier as the new CEO Europe

By Joy Dumasia

SumUp, a global leader in digital payments and based in London, announces a new CEO, Europe, Michael Schrezenmaier. Schrezenmaier brings a founder’s mentality and a hands-on attitude and is a perfect cultural fit for the company, which is notably diverse in respect of markets served and its employees. He held several C-suite positions, including COO and Co-CEO at his most recent company, Pipedrive, a leading CRM platform. During his time there, Pipedrive achieved unicorn status.

Pre-Pipedrive, Schrezenmaier cut his teeth at Spark Networks, the New York Stock Exchange-listed dating company, where he was COO and Managing Director for almost seven years. He got his first proper taste of the global nature of the business at Kuehne + Nagel, the logistics and supply chain behemoth active in over 100 countries.

Schrezenmaier is uniquely plugged into these quirks, having worked in multiple industries across Europe. As the continent looks forward as the pandemic slowly recedes, he sees merchants meeting new consumer preferences (contactless payment, fully integrated payment and financial solutions) as key to continued success. This trend aligns with the vision at SumUp becoming a ‘one-stop shop’ for merchants.

Michael Schrezenmaier commented: “SumUp is a company known for its entrepreneurial spirit and willingness to embrace change which, combined with its growth journey and continued upward trajectory, makes this an exciting time to join. Through its range of innovative solutions and dedication to merchants, SumUp is a leader in the payment space, and I look forward to getting to know our merchants, drawn from across the globe, as the company continues its evolution to becoming the go-to financial and business account platform for SMEs in Europe.”

Recently, IBS Intelligence reported that SumUp, the London based FinTech and The National Garden Scheme, continue to lead the digitalisation of charity at an event supported by Dame Mary Berry, President of the National Garden Scheme.