Overview of Transaction

• On July 16, 2018, PPRO Group (“PPRO”) announced it has raised $50 million in financing led by PayPal (Nasdaq:PYPL) with participation from Citi Ventures and return investor HPE Growth Capital
• Headquartered in London, UK, with several offices across Europe and the US, PPRO is leading the under-served alternative payments (acquiring) market
• As alternative payment methods (APMs) such as bank transfers, e-wallets and cash-based e-payments continue to become more popular, merchants are increasingly choosing payment partners based on the ever-expanding range of locally relevant payment methods available
• PPRO, through partnerships with leading payment service providers and financial institutions, provides a single platform and relationship for online merchants to accept more than 250 alternative payment options globally
• PPRO also has a leading consumer digital account issuing business in Europe

Significance of Transaction

• Through this investment, PPRO plans to accelerate the expansion of its payments platform and international presence of its alternative payments acquiring business
• PPRO will also offer a suite of alternative payment methods to PayPal’s merchants through the new PayPal Smart Payment Buttons™ product

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to PPRO and its Board of Directors
• This transaction underscores FT Partners' deep Payments domain expertise and its successful track record generating highly favorable outcomes for high growth FinTech companies globally