PPRO is a London-based fintech that provides digital payment solutions to businesses and banks to scale local payment services through one connection. The company’s platform connects a global network of local payment methods and is used by partners including Stripe, PayPal and J.P. Morgan to accelerate roadmaps, boost conversions and reduce local-payments complexity. On 15 March 2024 PPRO completed a dual-tranche funding round totalling €85m. The funding was provided by new and existing investors. Named investors include Eurazeo, HPE Growth, Sprints, PayPal Ventures, J.P. Morgan, Citi Ventures and funds managed by BlackRock. PPRO says it will use the funds to pursue growth in key markets and further enhance its global network of local payment methods. PPRO offers a set of APIs that e-commerce companies integrate into check-outs to accept local payment methods and currencies, removing the need for customers to build complex integrations. Its platform packages localized gateway, processing and merchant acquirer services and is used by about 100 large global customers, including PayPal, Citi, Mastercard Payment Gateway Services, Mollie and Worldpay. The company processed $11 billion in payments in 2020, a 60% increase year‑over‑year, and was valued at over $1 billion after a January funding tranche. PPRO plans to expand its footprint, particularly in Latin America and Asia Pacific, as partners like JPMorgan look to use the platform to broaden payment services and support business banking clients. The business mixes primary and secondary capital in financings, reflecting strategic partnerships with banks and institutional investors. Leadership highlights continued demand for localized payments and mobile wallets as the prevailing consumer trend driving growth. PPRO builds payment infrastructure that lets customers accept whatever local payment methods consumers prefer, beyond basic cards, via APIs for gateway, processing and acquirer services. The company focuses solely on payments and partners with large payment players rather than expanding into adjacent banking services. It counts about 100 large global customers, including PayPal, Citi, Mastercard Payment Gateway Services, Mollie and Worldpay. PPRO doubled transaction volumes between Q4 2020 and Q4 2019 and is described in coverage as a profitable cross-border payments specialist. The company has been expanding geographically through M&A (it acquired allpago in 2019) and plans to grow further in Asian markets such as Singapore and Indonesia and across Latin America. PPRO is also investing in product areas around compliance and analytics to provide more value to customers. PPRO is a payments platform-as-a-service with operations in Singapore that helps partners accept locally preferred payment methods such as e-wallets, bank transfers, cash, and local cards. The company serves top-tier financial institutions, payment service providers, and their merchants, aiming to remove the complexity of domestic and cross-border payments. PPRO supports payment acceptance in more than 175 markets worldwide. Recently the company closed a USD 50 million financing round, reflecting active investor interest in its business. The round was led by Sprints Capital with participation from Citi Ventures and HPE Growth. No revenue or user metrics were disclosed in the article. PPRO provides a platform that lets merchants accept whatever payment methods are most popular in a given country, covering roughly 140 payment methods today. The company also issues physical and virtual Visa and MasterCard prepaid cards under the VIABUY brand and offers white-label card solutions. PPRO plans to add more countries and payment methods to its platform and has begun a commercial integration with PayPal’s Checkout with Smart Payment Button. The business is already profitable, employs around 200 people, and has raised only about $10.6 million since its 2006 founding. PPRO competes with larger payments companies such as Adyen and focuses on enabling merchants to reach customers in diverse local markets.

Total raised

$463M

Funding rounds

5

Latest round

Equity

Latest activity

Mar 2024