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Fintech company PPRO raises $180M funding for expansion

U.S. HQ in Atlanta
PPRO a financial tech payments company with its U.S. headquarter in Atlanta, just got a $180 million round for funding for global expansion. Bob Andres bandres@ajc.com
PPRO a financial tech payments company with its U.S. headquarter in Atlanta, just got a $180 million round for funding for global expansion. Bob Andres bandres@ajc.com
By
Jan 20, 2021

PPRO, a London-based financial technology services company with its U.S. headquarters in Atlanta, announced this week it has raised $180 million to fuel global growth.

PPRO is a global provider of local payments infrastructure.

PPRO says that 70% of international consumer transactions are done via local payments. It bought Latin American payments company Allpago, expanded staff and got a $50 million round of funding from investment firms in 2020.

In 2018, the company opened its headquarters in Atlanta, which has become a global fintech capital. Georgia has more than 170 fintech companies employing 38,000 Georgians. About two-thirds of all U.S. digital transactions are processed through Atlanta companies, according to the 2020 State of Georgia’s Fintech Ecosystem report produced by the Technology Association of Georgia.

About the Author

Christopher Quinn has held a number of reporting and editing positions in 20 years at The Atlanta Journal-Constitution, covering subjects ranging from local and state government, to business, economy and education. He currently serves as a senior reporter on the Enterprise team.

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