PPRO Financial Ltd. Asset Profile

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Year established

2006

Location

London UK

Primary Industry

Financial Services

About

Based in London, UK, and founded in 2006, PPRO Financial Ltd. operates as a fintech-as-a-service company. The company was founded by its CEO, Simon Black. In March 2024, PPRO Financial Ltd. raised EUR 85 million in venture funding from BlackRock and J.P. Morgan, including Citi Ventures, Eurazeo, HPE Growth, PayPal Ventures, and Sprints. PPRO Financial Ltd. is a payment platform that enables cross-border payment processing and currency conversions for online merchants, enabling merchants to extend their reach globally to support shoppers who want to pay with their preferred local payment method. The organization plans to use the March 2024 funding for market expansion and the enhancement of its global network of local payment methods.

Current Investors

HPE Growth, PayPal, Inc., Citi Ventures

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Primary Industry

Financial Services

Sub Industries

e-Financial, Accounting/Finance Software

Website

www.ppro.com/

Verticals

FinTech, FinTech

Company Stage

Series A

Total Amount Raised

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Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin

31 Dec 2013

3,570,357

222,818

6.2%

240,897

6.7%

187,587

5.3%

31 Dec 2014

8,696,387

143.6%

1,041,327

12%

1,453,140

16.7%

833,177

9.6%

31 Dec 2015

15,163,911

74.4%

878,832

5.8%

1,785,631

11.8%

576,763

3.8%

31 Dec 2016

23,080,458

52.2%

663,789

2.9%

2,449,522

10.6%

669,581

2.9%

31 Dec 2017

30,189,742

30.8%

716,003

2.4%

3,549,883

11.8%

399,605

1.3%

31 Dec 2018

35,777,819

18.5%

85,518

0.2%

4,027,071

11.3%

558,858

1.6%

31 Dec 2019

31 Dec 2020

31 Dec 2021

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Deals

Deals Type
Secondary Stock Purchase

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	PPRO Financial Ltd.	10 Jun 2021

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