HPE Growth Capital-backed payments business PPRO Group has received an investment from Northleaf Capital Partners.
The cross-border e-payment specialist allows businesses to accept over a 140 alternative payment methods including bank transfers, e-wallets and cash-based payments. PPRO was founded in 2006 and is headquartered in the UK.
“We are excited to begin a long-term, mutually valuable partnership with the teams at HPE and PPRO,” said Northleaf director Serge Koniski. “PPRO is uniquely positioned as an independent pure player to partner with payment service providers, processing and collecting alternative payments globally.
“This transaction will allow PPRO to continue on its strong growth trajectory and further expand its global footprint in alternative payment methods.”
Earlier this week the Canadian Pension Plan Investment Board helped Northleaf Capital Partners to an initial close of its second Venture Catalyst vehicle.
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