MICROCAPITAL BRIEF: PPro Acquires Alpha Fintech to Boost Payment Infrastructure for Financial Services Providers

PPro, a digital payments infrastructure firm based in the UK, recently announced its acquisition of Alpha Fintech, an Ireland-based financial technology (fintech) firm. PPro helps financial services providers accept payments through third-party platforms such as China-based Alipay and US-based PayPal. Among the goals of the deal is to expand PPro’s reach in Asia, increase implementation speed and boost risk management.

Alpha Fintech employs a staff of 90 in Australia, Ireland, Singapore and the US, enabling the “integration of digital payments products and services, from payment processing and merchant management to risk management, fraud prevention and data analytics.”

During 2020, PPro facilitated 146 million transactions. As of 2022, the firm has 10 offices in the Americas, Europe and Singapore.

By Sheen Gupta, Research Associate

Sources and Additional Resources

PPro press release
https://www.ppro.com/news/ppro-acquires-alpha-fintech-in-game-changing-deal/

Alpha Fintech homepage
https://alphafin.tech/

PPro homepage
https://www.ppro.com/

PPro 2020 report
https://www.ppro.com/wp-content/uploads/2021/08/ppro_ESG_report_April-2021.pdf

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