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March 26, 2021

PPRO secures $90m investment from JPMorgan, Eldridge

By Shalini mani

PPRO, a UK-based payments infrastructure provider, has secured an investment of $90m from JPMorgan Chase and Eldridge, extending its previously announced funding round.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
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  • Assess and showcase the growth potential for various Industries in the target economy
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by GlobalData
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In January this year, the firm bagged $180m from Eurazeo Growth, Sprints Capital, and Wellington Management, taking the company’s valuation to over $1bn.

The funding round, which helped the firm attain its unicorn status, was aimed at accelerating its global expansion and support the development of its border-free payment technology and services.

PPRO’s infrastructure is leveraged by payment companies to accept payments from consumers globally.

In addition to providing access to a full payments portfolio, PPRO offers technology and services that enable its clients to deliver the ‘industry’s best conversion rates’ to the customers around the world.

PPRO CEO Simon Black said: “I’m delighted to welcome JPMorgan Chase and Eldridge to our world-class group of investors as we continue to strengthen and expand our local and alternative payment capabilities.

PPRO said it witnessed a good growth in the wake of the e-commerce boom, that doubled its transaction volumes and increased its global team by over 60% last year.

Furthermore, the company has developed new strategic partnerships with local payment methods in high-growth markets, as part of its global expansion.

JPMorgan Chase managing director and Global Integrated Payments Group head Sanjay Saraf said: “Alternative payments adoption is increasing rapidly across the globe. We are proud to become a strategic investor in PPRO as they work on their next phase of growth.”

Last September, PPRO entered Indonesian market, with the integration of popular Indonesian payment methods DOKU and OVO.

The company also marked its entry to the Japanese e-commerce market last year, after adding payment methods Konbini and Pay-easy to its portfolio.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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