SumUp selects Ledgy to automate and simplify global equity management

SumUp, the global fintech company serving millions of small businesses, has chosen Ledgy as its equity management platform to streamline operations and enhance employee ownership. With SumUp’s rapid global growth, Ledgy’s automated workflows, flexible cap table management, and seamless Workday integration stood out as the ideal solution to support the company’s evolving needs - both now and in the future.

From complexity to clarity: automating equity management

Managing equity for a global, fast-scaling team comes with unique challenges - from tracking individualised grants to maintaining compliance with IFRS 2 requirements. SumUp turned to Ledgy for a platform that could handle these complexities while making equity management intuitive and efficient.

“Ledgy gives us the best of both worlds: deep technical capability and a user-friendly experience,” said Hermione McKee, CFO at SumUp. “The platform’s automation saves our team days of manual work, and the Workday integration makes syncing employee data and grant awards completely seamless.”

Built to scale: future-proofing for growth and beyond

As SumUp looks ahead, choosing a platform that could evolve with the business - even through a potential IPO - was key. Ledgy’s public company support, with features like automated trading flows, real-time ownership tracking, and granular financial reporting, ensures SumUp can seamlessly transition to public market requirements without switching platforms.

“We wanted a platform that could support us at every stage,” added McKee. “With Ledgy, we have confidence that our equity management will remain accurate and compliant, and we can continue using the same system even if we decide to go public.”

Granular visibility, full control

One feature that stood out to SumUp’s finance team was Ledgy’s transaction audit logs, providing detailed, time-stamped records of every equity event. This level of precision, combined with a highly customisable cap table, ensures SumUp can reflect its evolving ownership structure with complete accuracy.

“Having this level of visibility and control is invaluable,” added McKee. “We can tailor the platform to our specific needs, knowing that everything is tracked and recorded with full transparency. That’s exactly what we need as we continue to grow.”

Equity management that scales with growth

For SumUp, choosing Ledgy was about future-proofing equity management. Whether handling new funding rounds, evolving share plans, or preparing for life as a public company, Ledgy’s platform is built to scale with the business - empowering both the key stakeholders and employees alike.

“SumUp is a perfect example of a forward-thinking company that sees equity as a core part of its culture,” said Yoko Spirig, CEO and Co-founder of Ledgy. “We’re excited to support them with a platform that evolves alongside their growth, turning equity into a powerful tool for engagement and long-term value creation - whether they stay private or ring the bell for an IPO.”

About SumUp

SumUp is a leading global financial technology company driven by the purpose of levelling the playing field for small businesses. Founded in 2012, SumUp is the financial partner for more than 4 million small merchants in 36 markets worldwide, helping them start, run and grow their business. Through its SuperApp, SumUp can provide merchants with a free business account and card, an online store, and an invoicing solution – as well as in-person and remote payment acceptance seamlessly integrated with SumUp’s card terminals and point-of-sale registers. SumUp is committed to leveraging its success to make the world a better place, pledging to donate 1% of its revenue to support environmental causes and advocating for educational and entrepreneurial projects around the world. In 2023 SumUp was recognised as a Top Global Employer for inclusion by the Stonewall Workplace Equality Index.

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