United Kingdom · Payments & e-money
Ppro Financial LTD
PPRO Financial Ltd is a private limited company registered in England and Wales, with its office in London. The Financial Conduct Authority (FCA) authorises it as an electronic money institution under the Electronic Money Regulations 2011, with firm reference number 900029. PPRO Holding GmbH of Munich is its immediate parent and ultimate controlling party. Under the PPRO brand, it gives payment service providers and merchants access to local payment methods through one integration. Under the group's terms, its Luxembourg sister company PPRO Payment Services S.A. carries out settlement.
Licences and registrations
Held by Ppro Financial LTD (LEI 549300E47SRJ0FIEPR65). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| FCA Financial Services Register - E-Money InstitutionsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 900029 | United Kingdom | Active | 2018-05-22 | — |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- PPROGB21XXX head office
- Connection to Swift
- Passive participant (no connection)This BIC is registered for identification only. The institution has no direct connection to the Swift network. Messages and payments reach it through a correspondent bank. The “1” in the eighth character of PPROGB21 marks a passive participant.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2016-05-07
- Last updated
- 2024-09-07
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
PPRO Holding GmbH
Firm type
Merchant acquiring and processing
Trades as PPRO
- Ownership
- PPRO Holding GmbH, Munich, is the firm's immediate parent and ultimate controlling party, according to its 2024 accounts.
- Direct parent
- PPRO Holding GmbH, Germany
- Head office
- 20 Midtown, 20 Procter Street, WC1V 6NX London, United Kingdom
- Company register
- Companies House 07653641
- Incorporated
- 1 Jun 2011
Online
- Websites & references
- ppro.com ↗
developerhub.ppro.com ↗ developer documentation
dashboard.ppro.com ↗ customer dashboard - Official social accounts
- LinkedIn ↗ · YouTube ↗
Sources · 11 pages consulted
- register.fca.org.uk/s/firm?id=001b000000m4IX4AAM
- find-and-update.company-information.service.gov.uk/company/07653641/officers
- find-and-update.company-information.service.gov.uk/company/07653641/filing-history
- find-and-update.company-information.service.gov.uk/company/07653641/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/07653641/filing-history/MzQ4NzIwNTc3NmFkaXF6a2N4/document?format=pdf&download=0
- ppro.com/legal/ppro-entities/
- ppro.com/legal/payment-services-agreement-general-terms-and-conditions/
- ppro.com/about-us/team/
- ppro.com/news/ppro-announces-85-million-funding/
- ppro.com/news/
- fca.org.uk/publication/undertakings/ppro-financial-limited.pdf
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an electronic money institution under the Electronic Money Regulations 2011, with FRN 900029. The group's EU payment services are provided by PPRO Payment Services S.A., which the CSSF of Luxembourg authorises as a payment institution.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised E-Money Institution | 900029 | In its own name | Active | register.fca.org.uk ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsAccording to its 2024 accounts, the firm segregates relevant funds in a designated account at an authorised credit institution, as the Electronic Money Regulations 2011 require.
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It connects payment service providers and merchants to local payment methods through the PPRO gateway, collects the funds and remits settlement to them. The group says it offers 85+ local payment methods.
Its terms say the FCA authorisation covers payment and e-money services within the United Kingdom. According to its 2024 accounts, it serves customers worldwide, and most of its revenue comes from Europe.
- Revenue
- EUR 76.2m
- Sells to
- Financial institutions · Enterprises · Platforms and marketplaces
- Serves customers in
- United Kingdom
- Latest funding round
- Dual tranche funding round · EUR 85m Mar 2024
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Mordechay (Motie) Bring Chief Executive Officer (group); director
- Chief financial officer
- Michelle Eischeid-Gabidullin Chief Financial Officer (group); director
- Compliance / MLRO
- Selene Brett Chief Legal, Risk and Compliance Officer (group)
- Compliance / MLRO
- Lisa Johansen VP Compliance (group)
- Executive
- Alexander Matthey Chief Technology Officer (group); director
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
The firm appointed group Chief Technology Officer Alexander Matthey as a director on 14 August 2026.
find-and-update.company-information.service.gov.uk ↗ -
Other
The firm allotted new shares on 17 July 2026, raising its euro share capital to EUR 26,859,694.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Bernard Miles left the board on 31 December 2025. Group CFO Michelle Eischeid-Gabidullin became a director on 19 January 2026.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Michelle Eischeid joined as group Chief Financial Officer in July 2025. She was first appointed a director on 20 August 2025.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Rahul Raswant, the former group Chief Financial Officer, resigned as a director on 31 December 2024.
find-and-update.company-information.service.gov.uk ↗ -
Funding
The PPRO group announced an EUR 85 million dual tranche funding round from investors including Eurazeo, HPE Growth and PayPal Ventures.
ppro.com ↗ -
Leadership
Motie Bring became group Chief Executive Officer and was appointed a director on 2 October 2023, replacing director Simon Black.
find-and-update.company-information.service.gov.uk ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- PPROGB21XXX
- How the BIC breaks down
- PPROBank
- GBCountry · United Kingdom
- 21Location · passive
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 549300E47SRJ0FIEPR65
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 900029
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate on the UK company number the register gives.
- Register-entry ID
- 37b4809d4b2b
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 1 entry on 1 register
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom
- Website (register)
- www.ppro.com ↗
- Country · region
- United Kingdom · Europe & Central Asia
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
- Direct parent
- Ppro Holding GmbH · Germany391200XOXOZE4M15JI92 ↗
The Ppro Holding GmbH group has 4 institutions in the directory, in 3 countries: 3 hold a BIC and 1 does not.
Including PPRO Payment Services S.A., Ppro Payments Services S.A., Ppro Holding GMBH.
See the Ppro Holding GmbH group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- UNITED KINGDOM
- Operational address
- 20 BALDERTON STREET LONDON LONDON W1K 6TL UNITED KINGDOM
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Debtor agent, creditor agent or an intermediary agent
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>PPROGB21XXX</BICFI>
<LEI>549300E47SRJ0FIEPR65</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>PPROGB21XXX</BICFI>
<LEI>549300E47SRJ0FIEPR65</LEI>
<Nm>PPRO FINANCIAL LTD</Nm>
</FinInstnId>This BIC is not connected to Swift. Messages reach the institution through a correspondent bank, so it cannot be the instructing or instructed agent.
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- FCA Financial Services Register - E-Money Institutions—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
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