PPRO Secures €85m in Funding to Drive Global Expansion
PPRO, a leading local payments platform, has successfully closed a dual-tranche funding round amounting to €85m (US.8m). The fintech company plans to utilize this funding to fuel its growth strategies in key markets and strengthen its global network of local payment methods.
The recent investment in PPRO was made possible by a combination of new and existing investors, including Eurazeo, HPE Growth, Sprints, PayPal Ventures, JPMorgan, Citi Ventures, and funds supported by BlackRock.
With a record revenue achievement in 2023, PPRO is now gearing up to capitalize on its success and drive further expansion. According to PPRO’s Chief Financial Officer, Rahul Raswant, the increasing demand for seamless local payment experiences showcases the company’s commitment to helping customers access new markets.
Established in 2006 and headquartered in the UK, PPRO is committed to simplifying local payment methods for consumers through its innovative platform. The company has played a significant role in supporting leading investors such as PayPal and Citi by providing cross-border payment solutions.
Having attained unicorn status in 2021 following a US0m investment boost, PPRO is now poised to continue its upward trajectory and expand its presence in the global payments landscape.
