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FT Partners Advises PPRO on its $90,000,000 Extension Growth Financing

Overview of Transaction

  • On March 25, 2021, PPRO announced new investment of $90 million from JPMorgan Chase & Co. and Eldridge Industries
  • The latest financing follows $180 million in financing, announced January 19, 2021, from global investors including Eurazeo Growth, Sprints, Wellington and one of the world’s largest asset managers, bringing the round to a total of $270 million
  • PPRO is 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 PGS, Mollie, PayPal, Worldpay and others
  • 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 doubled its year-on-year transaction volumes in Q4 2020 and expanded its global team by 60% in the last twelve months
  • JPMorgan relies on PPRO’s infrastructure to accept payments from consumers all over the world; beyond offering access to a comprehensive payments portfolio, PPRO’s technology and value-added services help it deliver the industry’s best conversion rates to its global customers

Significance of Transaction

  • JP Morgan’s significant investment is a testament to the unique value of PPRO’s offering and validates PPRO’s reputation as the most trusted provider of local payments infrastructure
  • The Company will continue to focus on delivering and scaling its high-quality integrations to local payment methods across Europe, APAC and the Americas

FT Partners' Role

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