Posted by Fintechnews Switzerland
March 14, 2024
PPRO, a London-based payments platform, announced that it has completed a dual-tranche financing round totaling €85 million to pursue growth in key markets and further strengthen its global network of local payment methods.
Rahul Raswant
Funding is provided by new and existing investors, including funds managed by Eurazeo, HPE Growth, Sprints, PayPal Ventures, JP Morgan, Citi Ventures and BlackRock.
“Our focus on helping our customers access new markets by creating a seamless local payments experience is validated not only by the strong demand we are seeing, but also by this capital injection, which signals real confidence in PPRO’s growth prospects. “
said Rahul Raswant, Chief Financial Officer, PPRO.
Anne Charlotte Philbert
“PPRO has established itself as a leader in the payments industry and is at the forefront of helping businesses sell their goods and services to anyone around the world using their preferred payment method.”
Anne-Charlotte Philbert, Managing Director of Growth at Eurazeo added:
“The company is on track to achieve solid profitability through a combination of unique technology, strong financial performance and an outstanding management team. We are more passionate than ever to continue supporting PPRO’s mission to simplify access to local payment methods.”
“Since our first investment in 2018, PPRO has grown our market share and reputation in the continually evolving payments space.”
James Loftus, Managing Partner at PayPal Ventures, said:
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