Ppro
“Can a single regulated infrastructure layer aggregate the world's local payment methods so that global PSPs never need to build or license them individually?”
Founded2006
HQLondon, United Kingdom
Total raised$463.5M
Latest roundSeries C, 2021
Valuation$1B+ (unicorn, 2021)
IndustryInfrastructure / Payments
The story
PPRO was founded to solve the fragmentation problem in global local payment methods — enabling PSPs and acquirers to access hundreds of alternative payment methods (APMs) through a single API connection. The company positioned itself as infrastructure rather than consumer-facing, serving large PSPs like Stripe, Worldpay, and PayPal as white-label local payments rails. PPRO's embedded finance angle is B2B infrastructure: it removes the compliance, licensing, and integration burden of local payments from its PSP customers, operating as a regulated entity in both the UK and EU.
Product timeline
2006
PPRO founded as a digital payments infrastructure company focused on local payment methods.· pivot
2019
PayPal leads $50M investment alongside Citi and HPE Growth Capital to expand PPRO's local payments platform globally.· banking
2021
PPRO raises over $180M in Series C funding, achieving unicorn status, to scale its alternative payment method (APM) infrastructure.· banking
2026
PPRO announces strategic partnership with Nubank to distribute NuPay to global merchants and PSPs.· pivot
Regulated entities
2
regulatory licences held by Ppro
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in Ppro’s embedded-finance stack
Payments / PSP
PPRO (self-operated local payment method infrastructure)
Accounting gap: none