PPRO, a London, UK-based global provider of local payments infrastructure, raised over US $180m in new funding.
Investors included Eurazeo Growth, Sprints Capital, and Wellington Management. This round came six months after the company raised US $50 million from Sprints Capital as well as Citi Ventures and HPE Growth. PPRO’s valuation is now over US $1 billion.
The funding will accelerate PPRO’s continued global expansion and support the development of its border-free payment technology and services.
Led by Simon Black, CEO, PPRO provides a cross-border payments infrastructure, powering international growth for payment service providers and platforms such as Citi, Elavon, Mastercard Payment Gateway Services, Mollie, PayPal, and Worldpay.
The company is regulated in the UK by the FCA and in Luxembourg by the CSSF.