Fintech company PPRO raises $180M funding for expansion

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

U.S. HQ in Atlanta

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.

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