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FT Partners Advises PPRO on its $50,000,000 Financing

Overview of Transaction

  • On August 5, 2020, PPRO announced that it has raised $50 million in financing led by Sprints Capital with participation from Citi Ventures
  • PPRO is the world’s leading local payments platform-as-a-service, removing the complexity of domestic and cross-border payments for top-tier financial institutions, payment service providers, and their merchants
  • PPRO provides partners with the ability to accept locally preferred payment methods like e-wallets, bank transfers, cash, and local cards in more than 175 e-commerce markets across the globe
  • PPRO is now processing an annual run rate of USD 9bn in payment transaction volume growing at 85%+ YoY
  • The financing round, closed earlier in 2020, highlights the exponential opportunities for cross-border e-commerce amidst Covid-19 pandemic with PPRO integrating new top LPMs to the platform, including among others Grabpay, UnionPay Konbini, Pay-easy, Paysafecash and more
  • The PPRO 2020 Almanac, the third edition of the most comprehensive source of payments insights in the industry, further highlights the company’s expertise

Significance of Transaction

  • PPRO will use the funds of this financing round to scale the organisation and accelerate strategic growth plans for its global platform
  • 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 and its acquisition of allpago in 2019
  • This transaction underscores FT Partners' deep Payments domain expertise and successful track record of executing deals across developed and emerging markets