Overview of Transaction

• On August 5, 2020, PPRO announced that it has raised $50 million in financing led by Sprints Capital with participation from Citi Ventures
• PPRO is the world’s leading local payments platform-as-a-service, removing the complexity of domestic and cross-border payments for top-tier financial institutions, payment service providers, and their merchants
• PPRO provides partners with the ability to accept locally preferred payment methods like e-wallets, bank transfers, cash, and local cards in more than 175 e-commerce markets across the globe
• PPRO is now processing an annual run rate of USD 9bn in payment transaction volume growing at 85%+ YoY
• The financing round, closed earlier in 2020, highlights the exponential opportunities for cross-border e-commerce amidst Covid-19 pandemic with PPRO integrating new top LPMs to the platform, including among others Grabpay, UnionPay Konbini, Pay-easy, Paysafecash and more
• The PPRO 2020 Almanac, the third edition of the most comprehensive source of payments insights in the industry, further highlights the company’s expertise

Significance of Transaction

• PPRO will use the funds of this financing round to scale the organisation and accelerate strategic growth plans for its global platform
• 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 $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