PPRO, a prominent local payments platform, has successfully completed a dual tranche funding round, raising a substantial €85m.
This financial injection aims to fuel the company’s growth in pivotal markets and further augment its extensive global network of local payment methods. The funding round saw contributions from an impressive roster of new and existing investors, including Eurazeo, HPE Growth, Sprints, PayPal Ventures, J.P. Morgan, Citi Ventures, and funds managed by BlackRock.
Specialising in the FinTech sector, PPRO stands out by offering digital payment solutions tailored for businesses and banks. This enables them to scale their local payment offerings efficiently through a single integration. The company collaborates with notable names such as Stripe, PayPal, and J.P. Morgan, helping these partners to fast-track their development plans, enhance conversion rates, and navigate the intricacies of local payment landscapes seamlessly.
The newly acquired funds are earmarked for strategic investments in key markets, with a focus on expanding PPRO’s global footprint and enhancing its local payment methods network.
PPRO Chief Financial Officer, Rahul Raswant, highlighted the company’s exceptional journey, stating, “PPRO had a stellar 2023, delivering record revenue.
“Our focus on helping customers access new markets by creating seamless local payment experiences is validated by the strong demand we’re seeing, as well as by this infusion of capital which represents a real vote of confidence in PPRO’s growth prospects.”
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