The CEO of UK-based digital payments infrastructure provider PPRO, Simon Black, will step down from his position at the end of the year. Black has been with the company for almost nine years and has played a key role in its growth and funding rounds.
Facts
- Simon Black, CEO of PPRO, will step down on 31 December 2023 after leading the company for nearly nine years.
- Black joined PPRO in 2015 as CEO after the company received its first outside investment from HPE Growth. In 2020, PPRO achieved unicorn status with a valuation of $1 billion.
- Black has led funding rounds for PPRO that have raised over $300 million throughout his tenure.
- PPRO has initiated the search for a replacement CEO and Black will assist the board in ensuring a smooth transition of leadership.
- Black’s departure comes after PPRO successfully integrated Alpha Fintech, which the company acquired in 2022.
- PPRO has recently made several new additions to its management team, including Motie Bring as a chief commercial officer, Rahul Raswant as a chief financial officer, and Bernie Miles as chief technology officer.
- PPRO is launching a new single API, a global payment gateway, and a frictionless cross-border e-commerce solution for UPI in India, positioning the company for further growth.
