# PPRO Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ppro-financial

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.ppro.com/
- Latest round: Series A (Apr 29, 2014)
- Investors on record: 1

## About

PPRO Financial Ltd. is a UK-based provider of local payment solutions, enabling businesses to optimize customer experiences and drive growth through their comprehensive platform and suite of APIs.Founded in 2006 in London, UK, PPRO Financial Ltd. specializes in local payment solutions. The company has successfully executed 10 deals to date, with the most recent funding round occurring on March 1, 2024. Philipp Bock is the founder of PPRO, while Simon Black serves as the CEO. Recently, PPRO raised EUR 85 million in funding, primarily from investors including BlackRock, J.P. Morgan, and PayPal Ventures.PPRO specializes in providing a comprehensive platform for local payment solutions that enable businesses to enhance customer experiences and drive growth. Their core offerings include a suite of APIs that facilitate access to preferred local payment methods, allowing clients to connect seamlessly with various payment systems across global markets. The company’s services are designed to address the complexities of managing multiple payment integrations while streamlining operations for businesses looking to expand into new regions. PPRO serves a diverse client base, including merchants and payment service providers, focusing on markets in Europe, Latin America, and Asia-Pacific. By leveraging deep insights into local payment behaviors and trends, PPRO helps businesses cater to consumer preferences, thereby eliminating barriers to international commerce.In 2023, PPRO reported a revenue of EUR 67,409,293 and an EBITDA of EUR -8,308,197. The company's revenue model is structured around partnerships with merchants and payment service providers, involving transactional fees for the processing of local payments. Revenue is generated primarily from transaction processing fees, which are applied each time a payment is facilitated through their platform. PPRO’s flagship services focus on activating and managing local payment methods, creating potential for scalable revenue as more businesses seek to enhance their global payment capabilities.In March 2024, PPRO Financial Ltd. raised EUR 85 million in venture funding to support its market expansion and enhancement of its global network of local payment methods. The company aims to introduce new products designed to streamline payment solutions and plans to expand its presence in markets across Europe, Latin America, and Asia-Pacific. This funding will be pivotal in enhancing PPRO's capabilities and infrastructure to better serve clients in these targeted regions.

## Funding rounds

- Series A, Apr 29, 2014 — HPE Growth

## Investors

- HPE Growth (https://capitalatlas.ai/funds/hpe-growth) — Series A