P+P advises HPE Growth Capital on the reinvestment in the online payment provider PPRO

The FinTech company PPRO has completed a financing round in the amount of USD 50 m. The growth fund HPE, which is already an investor in PPRO, has successfully reinvested within the scope of this financing round. The other investors include PayPal (lead investor) and Citi Ventures.

The PPRO Group specializes in cross-border electronic payments. The company offers acquiring, collecting and processing services to payment service providers and financial service providers for a variety of alternative payment methods. PPRO offers its customers more than 140 payment options in packaged form that they can put on their website through a single interface. Online retailers can thereby simplify their electronic payment processes, expand the scope of their e-commerce and achieve higher conversion rates.

HPE Growth Capital wants to support the development of PPRO's payment platform and its continuing internationalization.

P+P Pöllath + Partners again advised HPE Growth Capital on all legal matters with the following Munich-based team:

• Dr. Frank Thiäner (partner, M&A/private equity)
• Dr. Tim Junginger (senior associate, M&A/private equity)