We are excited to announce that we have a led a c. $30m investment as part of $50 million financing round in PPRO, the second investment from Sprints' third fund, which closed in May 2020 at the hard cap of €275 million. Sprints’ strategy remains to invest in market leading growth companies in the internet sector. Investors in the fund include university endowments, family offices and fund-of-funds.
PPRO is the world’s leading platform for local payment methods, headquartered in Germany and with offices all over the globe. Local payment methods represent the majority of all e-commerce transactions worldwide, driven by the fragmentation of payment markets and evolving consumer needs. PPRO has developed a single platform that allows payment service providers (PSPs) to integrate and offer to their merchants more than 150 payment alternatives around the world.
We are excited to partner with PPRO to support the management team in achieving its long-term mission of offering every relevant local payment method in the top global e-commerce markets.
Visit PPRO.com.
