The short runway between the two latest rounds was not initially planned, says CEO Simon Black in an interview with The Edge Singapore. “The investment we announced last June was on the radar of a wider group of potential investors and the interest was so strong, we decided to bring forward our plans,” says Black, who is based in the UK.
Payments infrastructure provider PPRO has raised US$180 million ($239.31 million) in new investment from Eurazeo Growth, Sprints Capital and Wellington Management.
This follows US$50 million in investment raised six months ago from Sprints Capital, Citi Ventures and HPE Growth; and an earlier US$50 million round led by PayPal back in 2018. As such, the payments platform-as-a-service company is now valued at over US$1 billion, says PPRO.
