London based payments business PPRO has been valued at $1bn following its latest fundraise.
In Brief:
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PPRO helps service providers offer local payment methods.
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It has secured around £132mn in new investment.
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This follows a raise of almost £37mn last year.
What does this mean?
PPRO’s funding over the past year has come from Sprints Capital (which invested in both rounds), Citi Ventures and more. It hopes the latest funding will fuel global expansion as it aims to develop its “border-free” payment technology and services.
