Following this announcement, the funding round will be leveraged by the local payments platform in order to accelerate its growth and development in key markets, as well as to further improve its overall global network of local payment solutions.
The funding was provided by new and already existing investors, such as Eurazeo, HPE Growth, Sprints, PayPal Ventures, Citi Ventures, and J.P. Morgan, while the funds were managed by BlackRock.
PPRO represents a local payments platform that currently combines optimised technology and secures financial performance with a safe and efficient management system in order to remain on track with the trends of the industry and reach profitability. The firm’s digital payments platform was developed in order to give customers and collaborators the possibility to scale their checkout and risk services in a secure and rapid manner, through the use of a single connection.
According to the official press release, the new investment will give PPRO the opportunity to continue its focus on providing customers and clients with access to new markets by developing secure, affordable, and efficient local payment experiences. This process is validated by the strong demand for optimised solutions that takes place in the market, as well as by the infusion of capital, which represents a real opportunity for the company to accelerate its growth prospects. In addition, by leveraging PPRO products, clients will be enabled to launch their services faster, with easy access to multiple ready-to-deploy payments, acquiring, and risk tools from several providers globally.
At the same time, the company will focus on meeting the needs, preferences, and demands of its users and partners in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of local industries at the same time. PPRO will also continue its strategy to simplify access to local payment methods by delivering global reach through the use of a single platform.
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