Payments startup PPRO has raised over US$180 million in new investment, elevating it to unicorn status with a valuation of more than US$1 billion. Its investors include Eurazeo Growth, Sprints Capital, and Wellington Management.
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New investment from Eurazeo Growth, Sprints Capital and Wellington Management after another year of hypergrowth for PPRO PPRO, the global provider of local payments infrastructure, today announced over US $180 million in new investment. Investors include Eurazeo Growth, Sprints Capital, and Wellington Management. This news comes just six months after the company raised US $50 million from Sprints Capital as well as Citi Ventures and HPE Growth. PPRO s valuation is now over US $1 billion.
PPRO has established itself as the most trusted infrastructure provider in the cross-border payments space, powering international growth for payment service providers and platforms such as Citi, Elavon, Mastercard Payment Gateway Services, Mollie, PayPal, and Worldpay. PPRO s local payments platform and expert services help its customers get the industry s best conversion rates in markets around the world by allowing online shoppers to pay with their preferred payment method.
PPRO nabs $180M at a $1B+ valuation to bring together the fragmented world of payments
The pandemic has hastened a shift of most commerce becoming e-commerce in the last year, and that has brought a new focus on startups that are helping to enable that process.
In the latest development, PPRO, a London-based startup that has built a platform to make it easier for marketplaces, payment providers and other e-commerce players to enable localised payments that is, make and take payments in whatever form local customers prefer to use, which extend well beyond basic payment cards has closed a round of $180 million, funding that catapults PPRO’s valuation to over $1 billion.
Mowasalat, QNB join forces to activate Apple Pay and Google Pay services in Karwa taxis
Dec 12, 2020
Top News
Mowasalat (Karwa), the primary transport service provider in Qatar, and QNB Group, the largest financial institution in the Middle East and Africa, have collaborated towards enhancing mobile payment via Apple Pay and Google Pay.
The launching of Apple Pay and Google Pay, which secures payments using Touch ID or Face ID on compatible iOS and Android devices, is an important step by Mowasalat and QNB to promote payment through smart devices. At the moment, customers with already activated Apple and Google Pay accounts will be able to pay their Mowasalat Taxi and Limousine rides through the system, until the service is approved for local banks, too.
Mowasalat to activate Apple Pay and Google Pay services in Karwa taxis
12 Dec 2020 - 15:22
The Peninsula
Doha: Mowasalat (Karwa) and QNB Group have collaborated to introduce mobile payment options via Apple Pay and Google Pay.
The launching of Apple Pay and Google Pay, which secures payments using Touch ID or Face ID on compatible iOS and Android devices, is an important step by Mowasalat and QNB to promote payment through smart devices. At the moment, customers with already activated Apple and Google Pay accounts will be able to pay their Mowasalat (Karwa)’s Taxi and Limousine rides through the system, until the service is approved for local banks, too.