PPRO: Announces 85% volume growth despite pandemic

  • PPRO, the world’s leading local payments platform-as-a-service, reports today an 85% increase in transaction volume from last year
  • Due in part to a massive digital shift in e-commerce consumer behaviour, PPRO is now processing an annual run rate of USD 9bn
  • Following their ongoing success company announces the closing of a USD 50 million financing round led by Sprints Capital
  • Financial Technology Partners acted as exclusive financial advisor and Noerr as legal advisor to PPRO in this transaction
  • PPRO will use the funds to scale the organisation and accelerate strategic growth plans for its global platform
  • The majority of these new hires are positioned to strengthen PPRO’s three product development centres in Germany
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Morningstar Tightens LSEG Uncertainty Rating on LLM’s Impact on Data Business

Assessment reflects concerns over large language models' influence on data services.Highlights: Morningstar updates LSEG's uncertainty rating amid LLM...

Mastercard Launches Virtual C-Suite of AI Agents for SMEs

The new platform aims to enhance financial services for small businesses.Highlights: Mastercard unveils virtual C-suite of AI agents...

Amazon Strengthens Response to Recent Outages with Engineering Meeting

Engineering teams to discuss causes of outages, including potential AI coding issues.Highlights: Amazon holds engineering meeting to tackle...

Robinhood Accelerates Bid to Become Family Finance Super App

Mobile brokerage expands features to attract families seeking financial solutions.Highlights: Robinhood introduces new family-focused features.The platform aims to...