Northleaf funds PPRO

Northleaf Capital Partners has made an investment in UK-based PPRO, a provider of cross-border e-payment solutions. No financial terms were disclosed. PPRO is backed by HPE Growth Capital.


TORONTO (December 18, 2018) – Northleaf Capital Partners (Northleaf) today announced that funds managed by Northleaf made an investment in PPRO Group (PPRO), a portfolio company of HPE Growth Capital (HPE). PPRO is a leading cross-border e-payment specialist, enabling businesses to accept more than 140 alternative payment methods globally, including bank transfers, e-wallets and cash-based payments.

“We are excited to begin a long-term, mutually valuable partnership with the teams at HPE and PPRO,” said Serge Koniski, Director at Northleaf. “PPRO is uniquely positioned as an independent pure player to partner with payment service providers, processing and collecting alternative payments globally. This transaction will allow PPRO to continue on its strong growth trajectory and further expand its global footprint in alternative payment methods.”

Tim van Delden, Co-Founding Partner and Chief Investment Officer of HPE and Chairman of PPRO, added, “Northleaf understood the attractiveness of PPRO’s value proposition and business model and was able to provide a timely and customized solution that will allow PPRO and its management team to reach the company’s full potential. We look forward to our future collaboration with Northleaf.”

About Northleaf Capital Partners
Northleaf Capital Partners is an independent global private markets fund manager with more than US$11 billion in private equity, private credit and infrastructure commitments under management on behalf of public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices.

Northleaf’s 120-person team, located in Toronto, Montreal, London, New York, Chicago, Menlo Park and Melbourne, is focused exclusively on sourcing, evaluating and managing private markets investments globally. Northleaf’s portfolio includes more than 250 active investments in 14 countries, with a focus on mid-market companies and assets. For more information on Northleaf, please visit

About HPE Growth Capital
HPE Growth Capital is an international private equity firm focused on growth capital investments in the technology sector. HPE Growth Capital was founded in 2010 and manages over €450 million of committed capital, with offices in Amsterdam (the Netherlands), San Francisco (USA), and Düsseldorf (Germany). HPE has extensive operating and investing experience in the technology sector, as well as a strong network in Europe and the Silicon Valley. They aim to team up with experienced entrepreneurs and management teams to build industry-leading companies across several technology segments. More information can be found at

About PPRO Group
PPRO Group is a full-service partner for PSPs and payment providers in the e-payment environment as well as an e-money specialist for corporates and consumers. PPRO is devoted to delivering industry leading payment products and services – ‘The Payment Professionals’. Founded in 2006, PPRO’s vision from the start has been to simplify access to the many different payment methods required by consumers and businesses across the world. Today PPRO offers a full range of flexible services for payment industry leaders as well as e-money issuing programs for consumers and corporates.

Headquartered in the UK, PPRO is FCA licensed to issue e-money, is a principal member of Mastercard and VISA and continues to strengthen its links with alternative payment method schemes and banks around the world. For more information on PPRO, please visit