About PPRO
PPRO is a company based in London (United Kingdom) founded in 2006 by Philipp Bock.. PPRO has raised $462.88 million across 6 funding rounds from investors including PayPal, J P Morgan and Citi. The company has 117 employees as of December 31, 2023. PPRO has completed 3 acquisitions, including Allpago, Alpha Fintech and Bancontact. PPRO offers products and services including Local Payments Activation, Local Payments Acceptance, and Local Payments Management. PPRO operates in a competitive market with competitors including Juspay, Zuora, Spreedly, ZOOZ and Finmo, among others.
- Headquarter London, United Kingdom
- Employees 117 as on 31 Dec, 2023
- Founders Philipp Bock
- Stage Unicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ppro Financial Ltd
- Date of Incorporation 01 Jun, 2011
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$77.51 M (USD)30as on Dec 31, 2021
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Net Profit
$-17.67 M (USD)-34as on Dec 31, 2021
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EBITDA
$-15.79 M (USD)-13as on Dec 31, 2021
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Total Equity Funding
$462.88 M (USD)
in 6 rounds
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Latest Funding Round
$92.88 M (USD), Series D
Mar 13, 2024
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Investors
PayPal
& 11 more
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Employee Count
117
as on Dec 31, 2023
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Investments & Acquisitions
Allpago
& 2 more
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Products & Services of PPRO
PPRO offers a comprehensive portfolio of products and services, including Local Payments Activation, Local Payments Acceptance, and Local Payments Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service to activate and integrate preferred local payment methods.
Platform to accept and optimize local payment connections.
Tool to manage money flows and streamline transactions securely.
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Software Development Team
53 people
Finance and Accounting
18 people
Product Management Team
15 people
Sales and Marketing
13 people
Leadership Team
9 people
Human Resources and Administration
6 people
Enterprise Team
5 people
Head Team
5 people
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Funding Insights of PPRO
PPRO has successfully raised a total of $462.88M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $92.88 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $92.9M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series D - PPRO | Valuation | PayPal Ventures , J P Morgan | |
| Jan, 2021 | Amount | Series D - PPRO | Valuation | Eurazeo , Wellington |
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| Aug, 2020 | Amount | Series C - PPRO | Valuation | Sprints |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PPRO
PPRO has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include PayPal, J P Morgan and Citi. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and debt investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Digital and technology-based companies are invested in by HPE Growth.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PPRO
PPRO has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Allpago, Alpha Fintech and Bancontact. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Omnichannel payment solutions are facilitated via middleware platform.
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2011 | ||||
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International payment gateway services are provided for Latin American markets.
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2008 | ||||
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Electronic payment processing services are provided for transactions.
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1979 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PPRO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ppro Comparisons
Competitors of PPRO
PPRO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Juspay, Zuora, Spreedly, ZOOZ and Finmo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment orchestration, recurring payments, and checkout flow solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based invoice and subscription management solutions for businesses
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| domain | founded_year | HQ Location |
Payment orchestration is facilitated for international transactions and analytics.
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| domain | founded_year | HQ Location |
Cloud-based payment routing solutions are provided for business merchants.
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| domain | founded_year | HQ Location |
Payment orchestration solutions are provided for business and consumer transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ppro
Frequently Asked Questions about PPRO
When was PPRO founded?
PPRO was founded in 2006 and raised its 1st funding round 8 years after it was founded.
Where is PPRO located?
PPRO is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of PPRO?
Simon Black is the current CEO of PPRO.
Is PPRO a funded company?
PPRO is a funded company, having raised a total of $462.88M across 6 funding rounds to date. The company's 1st funding round was a Series C of $50M, raised on Apr 29, 2014.
How many employees does PPRO have?
As of Dec 31, 2023, the latest employee count at PPRO is 117.
What is the annual revenue of PPRO?
Annual revenue of PPRO is $77.51M as on Dec 31, 2021.
What does PPRO do?
Merchant acquiring and orchestration solutions for the payment industry. It is a full-service partner for PSPs and payment providers in the e-payment environment as well as an e-money specialist for corporates and consumers. It offers services in both the acquiring and the issuing segments of the payment ecosystem. It is a registered e-money issuer and offers prepaid accounts (wallets cards) to businesses and PSPs. Its cards include corporate expense, fleet, and GPR cards. Its acquiring businesses offer acquiring, settlement, and reconciliation services to PSPs which are international, i.e., supports alternative local payment methods.
What products or services does PPRO offer?
PPRO offers Local Payments Activation, Local Payments Acceptance, and Local Payments Management.
How many acquisitions has PPRO made?
PPRO has made 3 acquisitions, including Allpago, Alpha Fintech, and Bancontact.
Who are PPRO's investors?
PPRO has 12 investors. Key investors include PayPal, J P Morgan, Citi, JPMorgan Chase, and Northleaf.
What is PPRO's valuation?
The valuation of PPRO is $1B as of Jan 2021.
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