PPRO Group, a full-service payment solution provider, partners with HPE
London-based PPRO Group, a solution provider for international electronic payment processes (www.theppro.com), today announced that it has secured HPE Growth Capital (HPE) as a financing partner. Headquartered in Amsterdam, HPE specialises in medium-sized technology companies that have the potential to become international market leaders in their industry. The investment from HPE Growth Capital will enable PPRO to systematically continue and build on its current growth strategy. As a full-service payment solution provider, PPRO Group is regulated by the UK Financial Conduct Authority (FCA) and supports all financial streams between customers and merchants. PPRO covers the full acquiring, issuing and processing service chain. The company already provides payment service providers and partners in more than 100 countries with a fully integrated platform for a multitude of national and international alternative payment methods above and beyond the classic credit card. In future, not only will HPE support the expansion of PPRO through its financial investment as a minority shareholder, it will also support the companys management with its extensive strategic and payment expertise.
Tobias Schreyer, co-founder and Chief Commercial Officer of PPRO Group, comments: “We are extremely happy to have the opportunity to partner with HPE. This partnership goes beyond the financial support and includes active strategic advice. HPEs experience and insights will be a valuable asset to PPRO as we move forward, and that we can build on our synergised expertise to jointly build a very successful future.” “As a growth investor, we specialise in up-and-coming small and medium-sized technology companies. We are delighted to welcome PPRO into our portfolio, as the company meets the ideal criteria for explosive and profitable growth: PPRO operates in the e-finance industry a market experiencing accelerated growth. We were also impressed by PPROs technology platform, corporate strategy and the expertise of their employees,” says Tim van Delden, Chief Investment Officer at HPE. “Our philosophy is to act as a partner to the companies in our portfolio and to actively support their growth through internationalisation, the expansion of sales and marketing activities, and the creation of optimum business conditions.”
About the PPRO Group
The PPRO Group – The Payment Professionals is headquartered in London (www.theppro.com) and is an integrated payment solution provider for international electronic payment processes. The company has been operating in the German market since 2006 when it was founded by Phillip Nieland and Tobias Schreyer. With its three business units – Acquiring, Issuing and Processing – PPRO covers the e-commerce, m-commerce, e-supply chain, e-fulfilment and e-money market segments. In the payment process business segment, PPRO offers payment service providers and partners a fully integrated interface platform for a multitude of national and international alternative payment methods in more than 100 countries. For technical financial transaction processing and associated financial services, the customer and PPRO enter into a single agreement that covers all technical, regulatory and legal requirements. PPRO, as a PCI DSS certified principal member of both MasterCard and Visa, offers the full range of issuing services for debit and prepaid cards. Under their own brand name VIABUY, PPRO provides Visa and MasterCard prepaid cards for consumers and corporations. PPRO also offers cards for retail payments either under the CROSSCARD brand or in cobranded forms. These cards can be issued not only physically, but also as virtual cards or NFC devices. PPRO also provides software, mobile phone top-up cards and online vouchers as well as virtual payment cards for third-parties via dedicated online platforms. PPRO guarantees the product supplier secure delivery, payment processing and transaction support for the customer.
Source: Press Release on http://www.hpegrowthcapital.com/