- PPRO, a UK-based paytech company, has successfully closed an €85 million ($93 million) funding round.
- The funding round involved a mix of new and existing investors, including Eurazeo, HPE Growth, Sprints, PayPal Ventures, JP Morgan, Citi Ventures, and funds managed by BlackRock.
- Established in 2006 and headquartered in London, PPRO offers digital payments infrastructure for banks and businesses to scale their checkout and acquiring services.
- The company plans to utilize the new capital to pursue growth in key markets and enhance its global network of local payment methods.
- PPRO had previously raised $270 million in funding in 2021, leading to a valuation exceeding $1 billion.
- In recent years, PPRO has expanded its market presence through various industry partnerships and integrations, including collaborations with GrabPay, UnionPay International, and Toss Pay, enabling entry into the South Korean market.
- In 2023, CEO Simon Black stepped down from his role, with Motie Bring, the former Chief Commercial Officer, being promoted to lead the company.
- Rahul Raswant, PPRO’s CFO since June 2022, emphasizes the company’s focus on helping customers access new markets by providing local payment methods.
PPRO looks to boost growth with new €85m capital raise
Hot this week
Blogs
Banking as a Service: Meaning, Examples, Benefits and Future
The push for open banking has led to a...
Blogs
Best fintech blogs and websites
Fintech (financial technology) has been an interesting part of...
Blogs
Is it worth investing in life insurance over 60?
Is it worth investing in life insurance over 60?
As...
Topics
AI
Lloyds Bank taps Cleareye.ai to streamline trade finance documentation processing
Lloyds Bank has partnered with Cleareye.ai, a California-based...
Banking
Home equity fintech Unlock bags $30m Series B funding
Unlock Technologies, a US fintech founded in 2019,...
AI
Ghana’s Fido raises $30 million in debt and equity to extend AI-powered lending services across Africa
Fido, a Ghanaian fintech, secured $30 million in...
Banking
Alternative investment platform CAIS hires Kan Kotecha as CTO
Kan Kotecha has been appointed as CTO to...
Banking
Anthony Watson steps down from role as CEO of The Bank of London
Anthony Watson is stepping down as CEO to...
Banking
Axway completes €330m acquisition of Sopra Banking Software
Deal Overview: Axway acquired SBS from Sopra Steria...
Banking
EU financial services analytics maturity report
Current State of Analytics: Evaluates the existing analytics...