London fintech secures $180m investment for ongoing expansion

A London fintech company has announced that it has secured an investment of $180m.

PPRO, which provides local payment infrastructure for online commerce, has secured the funding from investors including Eurazeo Growth, Sprints Capital, and Wellington Management.

The funding is set to support the company’s ongoing global expansion and the development of its payment technology and services.

Simon Black, CEO of PPRO, commented: “I am very proud of what the PPRO team has accomplished.

“Beyond securing the support of such prestigious investors and achieving a milestone valuation, we’ve enabled our customers to grow at record numbers during what has been a tough time for many.

“By giving businesses the ability to offer payment choice, we’ve helped give people around the world better access to goods and services that improve their lives.”