PPRO, a leading local payments platform based in London, has successfully completed a dual-tranche funding round, raising a total of €85M. This significant investment will support PPRO’s expansion efforts in key markets and strengthen its global network of local payment methods.
The funding round attracted a mix of new and existing investors, including Eurazeo, HPE Growth, Sprints, PayPal Ventures, J.P. Morgan, Citi Ventures, and funds managed by BlackRock. Anne-Charlotte Philbert, MD – Growth at Eurazeo, praised the company’s leadership in the payments industry, highlighting its technology, robust financial performance, and exceptional management team. “PPRO is firmly on track to reach profitability,” Philbert noted, expressing continued support for PPRO’s mission to simplify access to local payment methods.
Advertisement
Providing Digital Payments Infrastructure
Specializing in digital payments infrastructure, PPRO offers businesses and banks a streamlined solution to scale their checkout, acquiring, and risk services through a single connection. The company’s infrastructure enables payment platforms, acquirers, and merchants to access a diverse range of payment methods, fraud screening tools, and other essential products from various providers with ease and without the need for coding expertise.
The orchestration layer, which directs process flows and data, allows partners to deliver end-to-end services to their customers. Rahul Raswant, PPRO’s Chief Financial Officer, highlighted the company’s record revenue in 2023 and the strong demand for its services. “This infusion of capital represents a real vote of confidence in PPRO’s growth prospects,” Raswant said.
Streamlining Digital Payments for Major Clients
The FinTech claims that major companies like Citi, PayPal, and Stripe rely on its platform to streamline digital payments, boost conversions, and accelerate their roadmaps. Founded in 2006, the firm now boasts over 400 employees across 11 locations worldwide, demonstrating its significant impact on the global fintech landscape.
With this latest funding round, the company is poised to further expand its reach and continue its mission of making digital payments more accessible and efficient for businesses around the world.
