PPRO: Raises $180M in Funding; Valued Over $1 Billion

  • PPRO, a London, UK-based global provider of local payments infrastructure, raised over US $180m in new funding
  • Investors also included Eurazeo Growth, Sprints Capital, and Wellington Management
  • This round came six months after the company raised US $50 million from Sprints Capital as well as Citi Ventures and HPE Growth
  • The funding will accelerate PPRO’s continued global expansion and support the development of its border-free payment technology and services
  • PPRO provides a cross-border payments infrastructure, powering international growth for payment service providers and platforms
  • The company regulated in the UK by the FCA and in Luxembourg by the CSSF
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

One in Seven UK High Street Shops Adopt Cashless Payments

New survey reveals a significant shift towards cashless transactions.Highlights: One in seven UK high street shops went cashless...

Morgan Stanley to Cut 2,500 Staff Across Divisions

The bank aims to streamline operations amidst economic uncertainties.Highlights: Morgan Stanley plans to cut 2,500 jobs across various...

Lloyds to Sell Customer Data to Cut IT Costs and Strengthen Fintech Position

The bank aims to optimize operations and enhance its fintech offerings.Highlights: Lloyds is selling customer data to reduce...

Robinhood Launches $695 Annual Platinum Credit Card, Challenging Amex

The new offering aims to disrupt the premium credit card market.Highlights: Robinhood's new Platinum credit card costs $695...