UK-based payments infrastructure provider PPRO has bagged $180m in a funding round, taking the company’s valuation to more than $1bn.

The fresh investment, which helps the firm attain its unicorn status, came from Eurazeo Growth, Wellington Management and existing backer Sprints Capital.

Related Company Profiles

View all

The latest round brings the total amount raised by the company to $230m, in the last six months.

In addition to Sprints Capital, PPRO’s other existing investors include Citi Ventures and HPE Growth.

PPRO will use the capital to fuel its global expansion and support the development of its border-free payment technology and services.

A cross-border payments infrastructure provider, PPRO powers payment service providers and platforms including Citi, Elavon, Mastercard Payment Gateway Services, Mollie, PayPal, and Worldpay.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Moreover, the company’s local payments platform allows shoppers to pay using their preferred payment method with best conversion rates in global markets.

PPRO CEO Simon Black said: “I am very proud of what the PPRO team has accomplished.

“Beyond securing the support of such prestigious investors and achieving a milestone valuation, we have enabled our customers to grow at record numbers during what has been a tough time for many.

“By giving businesses the ability to offer payment choice, we have helped give people around the world better access to goods and services that improve their lives.

“Our unique local payments infrastructure empowers our customers to quickly increase their global footprint. This investment will help us deliver the highest performance possible for companies leading the global payments industry.”

PPRO’s transaction volumes have doubled in Q4 2020, and the company expanded its global team by 60%.

In September 2020, the company entered the Indonesian market, with the integration of popular Indonesian payment methods DOKU and OVO.

In May, PPRO set foot in the Japanese e-commerce market after adding popular payment methods Konbini and Pay-easy to its portfolio.