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
EMI
UK FCA
PPRO Financial Ltd.
EMI
EU (Luxembourg)
PPRO Payment Services SA
The stack
Payments / PSP
Accounting gap: none