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PPRO, the global provider of local payments infrastructure, today announced over $180 million in new investment. Investors include Sprints, Eurazeo Growth, and Wellington Management. This news comes just six months after the company raised $50 million from Sprints as well as Citi Ventures and HPE Growth. PPRO’s valuation is now over $1 billion.
PPRO has established itself as the most trusted infrastructure provider in the online cross-border payments space, powering international growth through access to local payment methods for payment service providers such as Citi, Elavon, Mastercard Payment Gateway Services, Mollie, PayPal, and Worldpay.
The company doubled its year-on-year transaction volumes in the fourth quarter of 2020, expanded its global team by 60% in the last twelve months, and developed new strategic partnerships with local payment methods in high-growth markets like Indonesia and Singapore.
The funding will fuel PPRO’s continued global expansion and support the development of its innovative border-free payment technology and services.
Visit PPRO.com and see the full press release.
