BankingBusinessFinTech

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
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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.

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