Payments News

Deals

HPE Collects €160 Million to Support Portfolio Company PPRO

“European growth investor HPE Growth has collected €160 million (roughly $194.8 million) to support an increasingly popular deal structure that gives the firm more time to support PPRO Financial Ltd., a cross-border payments infrastructure technology company the firm initially backed in 2014. HPE Growth, which invests in small and medium-size technology companies across Western Europe, is recapitalizing London-based PPRO, pronounced as “P-pro.”…PPRO helps consumers pay for online transactions using local payment methods they are familiar with and serves companies such as Citibank Inc., PayPal Holdings Inc. , Mollie BV and Mastercard Payment Gateway Services. HPE Growth first backed the company out of its debut growth-equity fund, which closed in 2011.”