PPRO Financial announced securing $180 million from Eurazeo Growth, Sprints Capital, and Wellington Management.
PPRO, a London, UK-based provider of local payments infrastructure, announced completing a $180 million new investment round.
This news comes just six months after the company raised $50 million from Sprints Capital as well as Citi Ventures and HPE Growth. PPRO’s valuation is now over US $1 billion.
PPRO, founded in 2006 and led by CEO Simon Black, is an infrastructure provider in the cross-border payments space, working with payment service providers and platforms such as Citi, Elavon, Mastercard Payment Gateway Services, Mollie, PayPal, and Worldpay.
PPRO’s local payments platform and expert services help its customers get the industry’s best conversion rates in markets around the world by allowing online shoppers to pay with their preferred payment method. PPRO is regulated in the UK by the FCA and in Luxembourg by the CSSF.