https://techcrunch.com/2018/07/16/paypal-leads-50m-round-for-cross-border-payment-specialist-ppro/

As payments companies continue to look to the long tail of global markets to expand their businesses, a startup that helps them do business in disparate economies is getting a strategic investment from one of payment world leaders. PayPal is leading a $50 million investment into PPRO, a London-based business that is focused on cross-border payments for merchants, specifically by offering the merchants a seamless way of accepting payments from customers using whatever the most popular payment form happens to be in a particular country. To date, the PPRO platform covers some 140 payment methods, and the plan will be to add more countries, and more payments, into the mix.

The round also includes participation from new investor Citi Ventures and previous investor HPE Growth Capital PPRO is not disclosing its valuation but Simon Black, its CEO, said that it’s definitely up on its previous funding and described it as a “minority investment” in the company. Interestingly, PPRO has raised only around $10.6 million since its founding in 2006; it is already profitable; it has around 200 employees; and it competes with the likes of Adyen, which recently went public at a valuation of over $8 billion — to give you an idea of the opportunity and value of the company.