Overview of Transaction

• On March 8, 2022, PPRO announced it has signed a definitive agreement to acquire paytech company Alpha Fintech
• Alpha provides a next-generation omnichannel payment platform for Banks, Payment Service Providers, and other FinTech companies, including New Zealand’s BNZ and Southeast Asia’s super app Grab
• An enabler of rapid growth, in addition to merchant management and payment processing, Alpha’s cloud-based platform allows the seamless orchestration of value-added payment services, including risk management, fraud prevention, data analytics, and more
• PPRO believes Alpha is fundamentally aligned to its strategy, roadmap and target customer profile. This acquisition will accelerate PPRO’s technology delivery capabilities, and materially enhance its global positioning
• Based on Alpha’s existing customers being payment providers and traditional merchant acquiring customers, PPRO sees significant overlap in the go-to-market strategy of both companies

Significance of Transaction

• The acquisition of Alpha strengthens PPRO’s position as both a global payments technology leader and trusted partner to Payment Service Providers, Banks and FinTechs; together with Alpha, PPRO will provide the core infrastructure that organisations need to build out and expand their payments platform

FT Partners' Role

• FT Partners served as financial and strategic advisor to PPRO and its Board of Directors
• FT Partners previously advised PPRO on its $50 million financing in 2018, its acquisition of allpago in 2019, its $50 million financing in 2020, its latest $180 million financing in 2021, and its $90 million extension growth financing in 2021
• This transaction underscores FT Partners' deep Payments domain expertise and successful track record of executing deals across developed and emerging markets