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Payments General

PPRO Group lands USD 50 mln in investment round led by PayPal

Monday 16 July 2018 | 02:38 PM CET

UK-based cross-border e-payment provider PPRO Group has announced a USD 50 million investment round led by PayPal with participation from Citi Ventures.

Furthermore, HPE Growth Capital is set to be a return investor. PPRO enables businesses to accept more than 140 alternative payments globally, partnering with payment service providers and financial institutions. Through this investment, PPRO plans to accelerate the expansion of its payments and its alternative payments acquiring business.

According to PPRO officials, adding support from PayPal and Citi Ventures alongside their existing investors will make it possible to bring the benefits of alternative payment method acceptance to even more businesses around the world.

PayPal has announced that they are pleased to support PPRO. PayPal has recently signed a commercial agreement with PPRO to provide a wide range of payment options for their merchants, so consumers can shop across borders through PayPal Checkout with Smart Payment Buttons and Braintree.

For more information about PPRO Group, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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