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And when you consider all of the elements that go into buying and selling goods and services, there are a lot of areas left for SumUp to tackle — big data analytics, more tools to build, manage and optimize, online sales experiences for its customers, more technology to use to improve how items are sold in physical commerce experiences and so on — all areas that SumUp can approach either through building its own technology, or indeed through more M&A. The solution for a company like SumUp — with the bread and butter of its business, point of sale payments, fundamentally a part of that in-person commerce experience — has been to diversify and double down on a wider array of services for its small business retailers customers. Nevertheless, turning that statistic around, POS payments still represents the bulk of the company’s revenues, so 60% growth is not just a testament to SumUp being able to grow that business in the last two years, but also the fact that in-person and point-of-sale payments remained active areas for transactions. To that end, it has used significant chunks of the debt it’s raised to date for acquisitions and to build out more services beyond POS payments, in areas like business banking (the basic version of which it throws in as a freebie), online payments and business services around both.