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Northleaf invests in British fintech startup PPRO

Asset manager Northleaf Capital Partners Ltd. invested an undisclosed amount in British financial technology startup PPRO Financial Ltd. through one of its managed funds.

PPRO offers alternative payment solutions, including real-time bank transfers, e-wallets and electronic cash payments. It recently raised $50 million in a growth funding round, according to S&P Global Market Intelligence data.

The fintech startup is backed by Dutch venture capital and private equity firm HPE Growth Capital.

Serge Koniski, director at Northleaf, said the funding will help PPRO expand its global footprint in alternative payment methods.