Overview of Transaction

• On June 13, 2019, PPRO announced it has acquired allpago
• Founded in 2010, allpago is the preeminent provider of payment and gateway services in Latin America covering 90% of the market¹
• allpago is headquartered in Berlin with regional offices in São Paulo, Mexico City, Buenos Aires, Bogotá, Chile, San Francisco and is expanding to Peru
• Headquartered in London, UK, with several offices across Europe and the US, PPRO is leading the under-served alternative payments (acquiring) market
• Alternative payment methods (APMs) include bank transfers, e-wallets and cash-based e-payments, and merchants are increasingly choosing payment partners based on their 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 globally²

Significance of Transaction

• The acquisition enables PPRO to meet its ambition of globalizing the Company and builds upon its recent expansion into Asia-Pacific and North America
• Furthermore, the transaction adds a wealth of additional local payment methods (LPMs) to PPRO’s offerings, and by utilizing allpago’s knowledge and technical integrations, PPRO can add even more value to its customers, payment service providers and their merchants

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to PPRO and its Board of Directors
• FT Partners previously advised PPRO on its $50 million financing led by PayPal
• This transaction underscores FT Partners' deep Payments domain expertise and successful track record of executing deals across emerging markets

1. Transactional volume in Latin American e-commerce excluding travel volume
2. The number of alternative payments methods (APMs) calculated by breaking down by scheme, connecting bank and country