PPRO secures £65.6m Series D follow-on investment from JPMorgan Chase and Eldridge
JPMorgan Chase and Eldridge join the investor group to extend the company's latest funding round.
PPRO provides local payments infrastructure and value-added services to help payment companies manage global transactions. The company is regulated in the UK by the FCA and in Luxembourg by the CSSF.
PPRO has secured £65.6m in a Series D follow-on investment round from JPMorgan Chase and Eldridge. This latest injection extends a previous $180m raise announced weeks earlier from backers including Eurazeo Growth, Sprints Capital, and Wellington Management, bringing the total round to $270m.
The company will use the capital to support its ongoing global expansion and enhance its local and alternative payment capabilities. PPRO has seen significant momentum amid the e-commerce surge, having doubled transaction volumes and expanded its global workforce significantly over the past year.
From the founder
"I’m delighted to welcome JPMorgan Chase and Eldridge to our world-class group of investors as we continue to strengthen and expand our local and alternative payment capabilities,"
Simon Black
CEO at PPRO
Use of funds
- 01Expand into international markets
