PPRO Valuation, Funding & Investors

PPRO is valued at $1B as of March 2021.

See full PPRO profile

Last PPRO valuation

$1B

Undisclosed stage · Mar 2021

Last PPRO funding round

$92M

Undisclosed stage · Mar 2024

Cumulative funding PPRO raised

$462M

across 5 funding rounds

Key investors in PPRO

PPRO Overview

About PPRO

PPRO is a London-headquartered fintech firm offering payments orchestration infrastructure that connects businesses, banks, payment platforms, acquirers, and merchants to over 150 local payment methods in 120 countries through a single API. The platform delivers checkout optimization, acquiring services, fraud screening, and risk tools deployable without coding. Partners such as Citi, PayPal, and Stripe utilize PPRO to streamline operations, increase conversion rates, and manage complex payment flows across regions including Europe, North America, Latin America, and Asia Pacific.


Founded

2006

HQ

United KingdomLondon

Website

ppro.com

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based, Commission

Valuation

$1B (Mar 2021)

PPRO Valuation

PPRO is currently valued at $1B, based on its undisclosed-stage round in March 2021.

The $90M round was led by Eldridge Industries and JPMorgan Chase.

PPRO's valuation has moved from $1B at its undisclosed-stage round in January 2021 to $1B in March 2021, across 2 priced rounds.

PPRO valuation by funding round

PPRO valuation by funding round
DateStageValuation
Mar 2021Undisclosed stage$1B
Jan 2021Undisclosed stage$1B

PPRO Funding History

PPRO has raised a total of $462M across 5 funding rounds.

PPRO's first fundraising round was a $50M Series C in July 2018. The most recent completed round was a $92M undisclosed-stage round in March 2024.

PPRO funding rounds

PPRO funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2024Undisclosed stageHPE Growth; Sprints Capital; BlackRock; JPMorgan Chase; Eurazeo; Citi Ventures$92M-PPRO is a London-based FinTech company providing a local payments platform that enables businesses and banks to scale payment offerings through a single integration, partnering with major players like Stripe, PayPal, and J.P. Morgan to simplify local payment complexities, boost conversions, and accelerate market entry. On March 13, 2024, PPRO completed a dual tranche funding round raising €85 million (equivalent to approximately £73 million) from new and existing investors including Eurazeo, HPE Growth, Sprints, PayPal Ventures, J.P. Morgan, Citi Ventures, Claret Capital Partners, and funds managed by BlackRock, with proceeds aimed at pursuing growth in key markets and enhancing its global network of local payment methods. The CFO noted a stellar 2023 with record revenue, signaling strong demand for PPRO's technology that creates seamless local payment experiences. In prior rounds, PPRO raised $50 million in mid-2020 from Sprints Capital, Citi Ventures, and HPE Growth, followed by $180 million later that year from Eurazeo Growth, Sprints Capital, and Wellington Management, achieving over $1 billion valuation while doubling transaction volumes and expanding staff by 60%, processing over $11 billion in 2020. PPRO continues to focus on global expansion, innovative border-free payment technology, and strategic partnerships in high-growth markets like Indonesia and Singapore, positioning it as a key player in the evolving payments infrastructure space.
Mar 2021Undisclosed stageEldridge Industries (lead); JPMorgan Chase (lead)$90M$1BPPRO is a London-based payments infrastructure provider that enables payment service providers and enterprises to accept payments from consumers globally. The company offers integrations into local payment methods across over 100 e-commerce markets, along with technology and value-added services designed to deliver industry-leading conversion rates. PPRO's infrastructure is used by major payment companies including PayPal, Worldpay, and Mollie. The company achieved unicorn status with a valuation exceeding $1 billion in January 2021 when it raised $180 million from Eurazeo Growth, Sprints Capital, and Wellington Management. In March 2021, PPRO extended this round with an additional $90 million investment from JPMorgan Chase and Eldridge Industries, bringing the total round size to $270 million. PPRO demonstrated strong growth in 2020, doubling its year-on-year transaction volumes in Q4 2020, processing over $11 billion for customers, and expanding its global team by over 60 percent. The company expanded internationally with new strategic partnerships in high-growth markets, including Indonesia where it integrated popular local payment methods DOKU and OVO. At the time of the round, PPRO employed over 300 people globally and was FCA-licensed to issue e-money, positioning itself as a critical infrastructure provider in the fragmented global payments ecosystem.
Jan 2021Undisclosed stageWellington Management; Sprints Capital; Eurazeo$180M$1BPPRO is a global provider of digital payments infrastructure, offering a platform-as-a-service that enables payment service providers and enterprises to access local payment methods in over 175 e-commerce markets, powering cross-border payments with clients including Citi, Elavon, Mastercard, Mollie, PayPal, and Worldpay. The company announced over $180 million in new investment on January 19, 2021, from Eurazeo Growth, Sprints Capital, and Wellington Management, achieving unicorn status with a post-money valuation over $1 billion USD. This followed a $50 million raise six months prior from Sprints Capital, Citi Ventures, and HPE Growth. The funding underscores PPRO's hypergrowth in 2020, including doubling year-on-year transaction volumes in Q4 2020, expanding its global team by 60% over the prior 12 months, and forging partnerships with local payment methods in high-growth markets like Indonesia and Singapore. Proceeds will fuel continued global expansion, particularly in Asia and Latin America, and development of border-free payment technology and services. PPRO had previously acquired allpago in Latin America in 2019 and raised another $50 million in 2018 led by PayPal. The round later extended to $270 million with an additional $90 million from JPMorgan Chase and Eldridge in March 2021, maintaining the unicorn valuation. In 2020, PPRO processed $11 billion in transaction volume for customers amid the e-commerce boom driven by the pandemic, more than doubling headcount to over 300 employees, and secured partnerships like GrabPay and UnionPay.
May 2020Undisclosed stageSprints Capital (lead); HPE Growth; Citi Ventures$50M--
Jul 2018Series CHPE Growth; Citi Ventures$50M-PPRO is a UK-headquartered cross-border payments infrastructure provider specializing in local payment methods, enabling businesses to accept over 140 alternative payments globally through partnerships with payment service providers and financial institutions. In July 2018, PPRO announced a $50 million USD investment round led by PayPal, with participation from Citi Ventures and returning investor HPE Growth Capital, to accelerate expansion of its payments platform and international presence. The investment was subject to regulatory approval and expected to close in Q3 2018, advised by FT Partners. PPRO, founded in 2006, was described as one of Europe's fastest-growing fintechs and a pioneer in value-added acquiring services for alternative payment methods. At the time of the round, the company had raised only about $10.6 million previously, employed around 200 people, and was already profitable, competing with players like Adyen. CEO Simon Black highlighted the strategic addition of PayPal and Citi Ventures to bring alternative payment acceptance to more businesses worldwide. Citi Ventures' Managing Director Luis Valdich noted PPRO's position at the leading edge of payment technology revolutions. Later rounds included a $180M raise in early 2021 achieving over $1B valuation and an €85M round in 2024, but these post-date the 2018 event.

Who has invested in PPRO?

8 investors have backed PPRO across its funding rounds, including Citi Ventures, HPE Growth, Sprints Capital, Eurazeo, JPMorgan Chase and BlackRock.

Lead investors include Eldridge Industries, JPMorgan Chase and Sprints Capital.


PPRO Investors

Investors in PPRO by funding rounds participated
InvestorHQRoundsRoleFirst check
HPE GrowthNetherlandsAmsterdam3ParticipantJul 2018
Sprints CapitalUnited KingdomLondon3LeadMay 2020
Citi VenturesUnited StatesSan Francisco, CA3ParticipantJul 2018
JPMorgan ChaseUnited StatesNew York City, NY2LeadMar 2021
EurazeoFranceFrance2ParticipantJan 2021
Wellington ManagementUnited StatesBoston, MA1ParticipantJan 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by PPRO

PPRO has acquired 3 companies to date.

Last acquisition by PPRO was on February 26th 2025. PPRO acquired Private Client Payments for undisclosed valuation.


Latest Acquisitions by PPRO

Private Client Payments
Alpha Fintech
allpago
Description
Private Client Payments is a merchant services provider equipping scaling enterprises with bespoke payment processing and transaction solutions. The firm handles credit card acceptance, ACH transfers, and e-commerce gateways, emphasizing responsive support for high-volume operations across retail and online channels.
Alpha Fintech is a middleware platform unifying payments and eCommerce ecosystems for banks, merchants, MSPs, and ISOs globally. Dublin-headquartered since 2011, its AlphaHub connects over 200 payment providers, enabling single integrations for card processing, ACH transfers, and crypto gateways across 150 countries. Clients such as Worldpay and Stripe leverage its orchestration engine for dynamic routing and unified reporting dashboards. The platform supports omnichannel commerce flows, reducing integration costs through API standardization.
allpago is a Latin America-focused payment service provider enabling e-commerce merchants to accept local payment methods across 17 countries. Integrated into over 90 percent of the region's markets, it supports methods like boleto bancário in Brazil and OXXO in Mexico. Acquired by PPRO in 2020, the platform serves clients including Adobe, BMW, McAfee, Microsoft, Nintendo, Symantec, and TeamViewer. Global payment firms such as Zuora, ACI Worldwide, and Wirecard utilize allpago as a last-mile interface for compliant cross-border transactions.
HQ CountryUnited StatesIrelandGermany
HQ City
Las Vegas, NV
Dublin
Berlin
Deal Date26 Feb 20258 Mar 202213 Jun 2019
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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PPRO Competitors

PPRO competitors include listed companies like Worldline, Fawry and Evertec, and private ones like Opn, Juspay and Primer.

Public and private companies comparable to PPRO
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OpnJapanTokyoPrivate--$1B-
WorldlineFranceFrancePublicly listed$4.6B($5.2B)$887M0.7x
JuspayIndiaIndiaPrivate$55M-$1.2B19.7x
FawryEgyptEgyptPublicly listed$166M$73M$1.2B5.2x
EvertecPuerto RicoPuerto RicoPublicly listed$932M$330M$1.7B2.7x
PrimerUnited KingdomLondonPrivate$4M-$425M106.3x

PPRO Public Comps

PPRO is still privately-owned, but its public comps include Jiangsu Tongxingbao, Deluxe, Optasia, Worldline, Cuscal, Isracard, PicPay, Fawry, Digital Garage and PaySign.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Jiangsu Tongxingbao$159M$47M2.7x-9.2x-
Deluxe$2.1B$379M1.2x1.2x6.7x5.6x
Optasia$265M$79M4.3x3.6x14.5x9.1x
Worldline$4.6B($5.2B)0.6x0.7x(0.6x)3.8x
Cuscal$297M$22M5.1x5.8x67.8x24.6x
Isracard$1.2B$48M1.9x-49.8x-
PicPay$1.2B$205M1.0x0.5x6.0x3.8x
Fawry$166M$73M6.8x5.2x15.4x9.6x

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Common questions about PPRO

When was PPRO founded?PPRO was founded in 2006.
Where is PPRO headquartered?PPRO is headquartered in London, United Kingdom.
Is PPRO publicly listed?No, PPRO is a private, VC-backed company.
What is PPRO's valuation?PPRO was last valued at $1B in its undisclosed-stage round in March 2021.
How much funding has PPRO raised?PPRO has raised $462M across 5 funding rounds.
What was PPRO's last funding round?PPRO's last funding round was a $92M undisclosed-stage round in March 2024.
Who are PPRO's investors?PPRO's investors include HPE Growth, Sprints Capital, Citi Ventures, JPMorgan Chase, Eurazeo, Wellington Management, BlackRock and Eldridge Industries.
Which companies are comparable to PPRO?Companies comparable to PPRO include Opn, Worldline, Juspay, Fawry, Evertec and Primer.
How many companies has PPRO acquired?PPRO has acquired 3 companies, including Private Client Payments, Alpha Fintech and allpago.

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