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FT Partners Advises PPRO on its $180,000,000 Growth Financing

Overview of Transaction

  • On January 19, 2021, PPRO announced that it raised $180 million in financing from global investors including Eurazeo Growth, Sprints, Wellington and one of the world’s largest asset managers who had one of the biggest investments in the deal
  • PPRO is the most trusted infrastructure provider in the cross-border payments space, powering international growth for payment service providers and platforms such as Citi, Elavon, Mastercard PGS, Mollie, PayPal, Worldpay and others
  • PPRO’s local payments platform and expert services help its customers get the industry’s best conversion rates in markets around the world by allowing online shoppers to pay with their preferred payment method
  • PPRO doubled its year-on-year transaction volumes in Q4-2020 and expanded its global team by 60% in the last twelve months
  • The financing round highlights the exponential opportunities for cross-border e-commerce amidst Covid-19 pandemic with PPRO developing new strategic partnerships with local payment methods in high-growth APAC and LatAm markets
  • PPRO has recently entered the Indonesian market and integrated with e-wallet leaders Doku and Ovo, tapping on Southeast Asia’s largest e-commerce market

Significance of Transaction

  • The funding will fuel PPRO’s continued global expansion and support the innovative development of its payment technology and services
  • The Company will continue to focus on delivering and scaling its high-quality integrations to local payment methods across Europe, APAC and the Americas

FT Partners' Role

  • FT Partners served as exclusive financial and strategic advisor to PPRO and its Board of Directors
  • FT Partners previously advised PPRO on its $50 million financing in 2018, its acquisition of allpago in 2019 and its latest $50 million financing round in 2020
  • This transaction underscores FT Partners' deep Payments domain expertise and successful track record of executing deals across developed and emerging markets