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FT Partners Advises PPRO on its Acquisition of Alpha Fintech

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

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