visimoney
TLDR:
UK-based fintech firm PPRO has secured €85M in funding to expand its global digital payment solutions. The investment comes from a mix of new and existing investors, including Eurazeo, HPE Growth, Sprints, PayPal Ventures, J.P. Morgan, Citi Ventures, and BlackRock funds. PPRO specializes in digital payments infrastructure, offering businesses and banks a streamlined solution for payment methods.
PPRO, a London-based local payments platform, announced the completion of a dual-tranche funding round, securing a total of €85M. The funding will be used to fuel expansion efforts in key markets and strengthen its global network of local payment methods. Investors include Eurazeo, HPE Growth, Sprints, PayPal Ventures, J.P. Morgan, Citi Ventures, and funds managed by BlackRock.
The fintech firm specializes in digital payments infrastructure, offering businesses and banks a streamlined solution for scaling their checkout, acquiring, and risk services through a single connection. PPRO empowers payment platforms, acquirers, and merchants to access a diverse range of payment methods, fraud screening tools, and other essential products efficiently.
Rahul Raswant, PPRO’s Chief Financial Officer, highlighted the company’s stellar performance in 2023 and its focus on creating seamless local payment experiences to access new markets. PPRO’s infrastructure allows partners to deliver end-to-end services to their customers with ease, driving digital payment streamlining and boosting conversions for clients like Citi, PayPal, and Stripe.
Founded in 2006, PPRO has over 400 employees working across 11 locations worldwide and its recent funding round will support its mission to simplify access to local payment methods and accelerate global expansion efforts.
