The PayPal and Citi-backed cross-border payment technology provider has raised new funding at a valuation topping $1bn.

PPRO, a US-based payment software provider backed by financial services firm Citi and digital payment processor PayPal, secured $180m yesterday at a valuation above $1bn. Investment firm Eurazeo‚Äôs Growth fund was identified as an investor in the round together with growth equity firm Sprints Capital and investment manager Wellington Management. Financial Technology Partners was financial…

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