Financial news

PPRO, a London-based local payments platform, announced that it has completed a dual-tranche funding round, securing a total of €85M. 

This funding will fuel expansion efforts in key markets and strengthen its global network of local payment methods.

The investment came from 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, says, “PPRO has set itself apart as a leader in the payments industry and is at the forefront of enabling businesses to sell goods and services to anyone in the world using their preferred way to pay.”

“The company combines distinctive technology, robust financial performance with an exceptional management team, and is firmly on track to reach profitability.”

“We are more enthusiastic than ever to continue our support of PPRO’s mission to simplify access to local payment methods.”

Providing digital payments infrastructure

PPRO is a fintech firm specialising in digital payments infrastructure. It offers businesses and banks a streamlined solution to scale their checkout, acquiring, and risk services through a single connection.

PPRO’s infrastructure empowers payment platforms, acquirers, and merchants to tap into a diverse range of payment methods, fraud screening tools, and other essential products from various providers.

With PPRO, these products can be accessed, deployed, and managed with ease, requiring no coding expertise. With PPRO’s orchestration layer, which directs process flows and data, partners can deliver end-to-end services to their customers.

Rahul Raswant, PPRO’s Chief Financial Officer, says, “PPRO had a stellar 2023, delivering record revenue.”

“Our focus on helping customers access new markets by creating seamless local payment experiences is validated by the strong demand we’re seeing, as well as by this infusion of capital which represents a real vote of confidence in PPRO’s growth prospects.”

The company claims that Citi, PayPal, and Stripe depend on PPRO to streamline digital payments, boost conversions, and accelerate their roadmaps.

Founded in 2006, PPRO has over 400 employees working across 11 locations worldwide.