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PPRO Acquires Alpha Fintech in Game-Changing Deal

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PPRO has announced the acquisition of Alpha Fintech, a next-gen payments technology company, to enhance its digital payments infrastructure. This deal will strengthen PPRO's presence in the Asia Pacific (APAC) region and enable faster delivery of products and services. Alpha Fintech's cloud-based platform integrates various digital payment solutions, enhancing risk management, fraud prevention, and analytics. This strategic move is projected to boost PPRO's capabilities and expand its customer offerings significantly. The transaction is expected to close in Q1 2022.

Positive
  • Acquisition of Alpha Fintech enhances PPRO’s digital payments offerings.
  • Strengthens PPRO's presence and networks in the Asia Pacific region.
  • Alpha's cloud-based platform enables faster product integration.
  • Addition of 90 paytech experts bolsters regional networks.
  • Deal anticipated to enhance compliance, risk management, and data insights.
Negative
  • None.

LONDON--(BUSINESS WIRE)-- PPRO, the leading provider of digital payments infrastructure, today announced the acquisition of Alpha Fintech, a next-gen payments technology company. The deal will expand PPRO’s offering, strengthen its presence and networks in Asia Pacific (APAC), and allow it to deliver products and services faster to its customers.

Alpha Fintech’s cloud-based platform allows for the seamless integration of digital payments products and services, from payment processing and merchant management to risk management, fraud prevention, and data analytics.

The APAC-focussed company has played a pivotal role in accelerating the growth of banks, fintech enterprises, and payment service providers, including New Zealand’s BNZ and Southeast Asia’s super-app Grab.

By adding Alpha’s platform to its infrastructure, PPRO is now poised to offer a plug-and-play orchestration layer that will let its customers integrate products and services faster and at scale. Customers can look forward to more global payment flows, the ability to integrate third-party applications, stronger compliance and risk capabilities, and deeper data insights.

PPRO will also welcome Alpha’s 90 paytech experts into its ranks, based primarily in Australia and Argentina, as well as the US and Singapore. Their addition boosts PPRO’s regional networks and presence and furthers its mission to become a global payments powerhouse.

Speaking about the deal, PPRO CEO Simon Black said: “The acquisition of Alpha Fintech strengthens our position as both a global payments technology leader and trusted infrastructure partner to payment service providers, enterprises, banks and fintechs.”

"Global payments are evolving faster than ever. Together with Alpha, we provide the core infrastructure that organisations will need to build out and expand their payment platform," he continued.

Oliver Rajic, CEO of Alpha Fintech, also welcomed the deal, saying: "We want to shake up and democratize payments. Given PPRO's global reach, reputation, and standing, they're the perfect partner to help us do that. We're really excited to collaborate with Simon and the team to come up with end-to-end turnkey solutions that cover every aspect of digital payments."

The transaction is expected to close in the first quarter of 2022. Financial Technology Partners (FT Partners) acted as financial advisors and Noerr as legal advisors to PPRO in the transaction. Morrison & Foerster acted as legal advisors to Alpha Fintech.

About PPRO

PPRO is a fintech company that globalises payment platforms for businesses, allowing them to offer more choice at the checkout and boost cross-border sales. Payment service providers, enterprises, and banks that run on PPRO's infrastructure are able to launch payment methods faster, optimise checkout conversions, and reduce the complexities of managing multiple fund flows. Citi, PayPal, and Stripe are just some of the names that depend on PPRO to expand their platforms beyond borders.

Molly Leahy

molly.leahy@walkersands.com

630-624-8715

Source: PPRO

FAQ

What is PPRO's acquisition of Alpha Fintech about?

PPRO has acquired Alpha Fintech to enhance its digital payments infrastructure, focusing on faster product integration and expanded offerings.

How will the acquisition of Alpha Fintech impact PPRO?

The acquisition is expected to strengthen PPRO's presence in the Asia Pacific region and improve its ability to deliver integrated payment solutions.

When is the expected closing date for the PPRO and Alpha Fintech deal?

The transaction is anticipated to close in the first quarter of 2022.

What are the benefits of Alpha Fintech's technology for PPRO?

Alpha Fintech's technology will enable PPRO to offer faster integration of payment services, better risk management, and deeper data insights.

Who will join PPRO as part of the Alpha Fintech acquisition?

PPRO will welcome 90 paytech experts from Alpha Fintech, enhancing its workforce and regional capabilities.

What market does PPRO aim to strengthen with this acquisition?

PPRO aims to strengthen its position in the Asia Pacific market through the acquisition of Alpha Fintech.

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