PPRO provides merchant acquiring and payment orchestration solutions for payment service providers, enterprises, and financial institutions. The company enables global access to alternative local payment methods through a single API.
Its platform supports acquiring, settlement, reconciliation, issuing, prepaid wallets, and cards, helping businesses simplify cross-border payment operations.
What Is PPRO and What Does It Do?
PPRO, founded in 2006, is a London-based (United Kingdom) payments technology company.
The company operates as a full-service payments partner, offering acquiring, issuing, settlement, reconciliation, and e-money services for PSPs and enterprises across global markets.
PPRO employs 117 people as of December 2023 and serves clients across the international payments ecosystem.
How Much Funding Has PPRO Raised?
1. Series A
- Amount Raised: $30M
- Lead Investors: Sprints Capital
- Motivation: To expand acquiring and issuing capabilities.
2. Series B
- Amount Raised: $50M
- Lead Investors: Sprints Capital
- Motivation: To scale international payment coverage.
3. Series C
- Amount Raised: $180M
- Lead Investors: Sprints Capital
- Motivation: To strengthen global payment infrastructure.
4. Series D
- Amount Raised: $92.9M
- Lead Investors: Wellington Management
- Motivation: To accelerate global expansion and product development.
5. Venture & Growth Financing
- Amount Raised: $110M
- Lead Investors: PayPal Ventures
- Motivation: To deepen partnerships with global payment providers.
Total Funding Raised: $463 Million
Current Valuation: $1 Billion (as of Jan 2021)
Latest Funding Date: March, 2024
Key Investors
1. Wellington Management
- Details: A global investment management firm with a strong focus on growth-stage companies.
- Investment Focus Areas: Technology, fintech, healthcare, consumer businesses.
- Notable Investments: PPRO, Stripe, Ant Group, Adyen.
2. PayPal Ventures
- Details: The venture capital arm of PayPal, supporting strategic fintech innovation.
- Investment Focus Areas: Payments, fintech, financial infrastructure.
- Notable Investments: PPRO, Tala, Toss, GoCardless.
3. Sprints Capital
- Details: A growth equity firm backing technology-enabled service companies.
- Investment Focus Areas: Fintech, enterprise software, digital infrastructure.
- Notable Investments: PPRO, UiPath, Farfetch, Delivery Hero.
Where Is PPRO’s Headquarters?
PPRO is headquartered in London, United Kingdom, positioning it at the center of global financial and payments innovation.
What’s Next for PPRO?
PPRO is focused on expanding its coverage of alternative local payment methods, deepening partnerships with global PSPs, and strengthening its payment orchestration capabilities. As cross-border commerce continues to grow, PPRO aims to become a core infrastructure layer for international digital payments.
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