PPRO co-founder

Tobias Schreyer at PPRO

He co-founded PPRO in 2006 with Philipp Nieland. It reached a $1bn valuation in 2021.

Tobias Schreyer co-founded PPRO in 2006 with Philipp Nieland. The company is based in London.

PPRO gives merchants one connection to the local payment methods consumers use abroad. It has no consumer app. It works behind the checkout of bigger names.

In 2018 it raised $50m from HPE Growth, PayPal and Citi Ventures. In January 2021 it raised $180m at a $1bn valuation, with Eurazeo and Wellington Management leading and PayPal, Citi and JP Morgan taking part.

Simon Black became CEO in 2015 and announced he would step down on 31 December 2023. PPRO competes with Adyen, Checkout.com, Worldpay and dLocal.

Read the full PPRO founder story

What is Tobias Schreyer's role at PPRO?

Tobias Schreyer is a co-founder of PPRO, the London payments company founded in 2006 with Philipp Nieland.

What does PPRO do?

PPRO sells merchants a single connection to local payment methods used around the world, from bank transfers to e-wallets. It sits behind the checkout of larger companies.

How much has PPRO raised?

PPRO raised $50m in 2018 from HPE Growth, PayPal and Citi Ventures. In January 2021 it raised $180m at a $1bn valuation, with Eurazeo and Wellington Management.