--- title: "Ppro Financial LTD SWIFT/BIC code PPROGB21XXX · United Kingdom | Elucidate" description: "Licensed in the United Kingdom: Authorised E-Money Institution (FCA). SWIFT/BIC code PPROGB21XXX for Ppro Financial LTD, United Kingdom. Head-office BIC." url: https://elucidate.co/directory/ppro-financial-ltd-pprogb21 --- 1. [Directory](https://elucidate.co/directory) 2. [United Kingdom](https://elucidate.co/directory/country/gb) 3. Ppro Financial LTD 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. Register status Licensed in the United Kingdom Authorised E-Money Institution · FCA Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/ppro-financial-ltd-pprogb21#licences) BIC **PPROGB21XXX** LEI **[549300E47SRJ0FIEPR65](https://search.gleif.org/#/record/549300E47SRJ0FIEPR65)** [Licence no. **900029**](https://elucidate.co/directory/ppro-financial-ltd-pprogb21#licences) Passive participant (no connection) Head-office BIC only [Group: Ppro Holding GmbH](https://elucidate.co/directory/group/391200XOXOZE4M15JI92) [Claim this profile](https://elucidate.co/directory/ppro-financial-ltd-pprogb21#claim) ## 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 Institutions](https://elucidate.co/directory/register/fca-emi) FCA Linked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 900029 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2018-05-22 | — | - Payment services - E-money / stored value | [Search the register ↗](https://register.fca.org.uk/s/) | - 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) - **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](https://elucidate.co/directory/ppro-financial-ltd-pprogb21#overview-sources) Customers Not published Employees 116 headcount · This entity · 31 Dec 2024 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/07653641/filing-history/MzQ4NzIwNTc3NmFkaXF6a2N4/document?format=pdf&download=0) 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](https://elucidate.co/directory/ppro-holding-gmbh-pprodemm), 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 ↗](https://www.ppro.com/) [developerhub.ppro.com ↗](https://developerhub.ppro.com/global-api/docs/welcome) developer documentation [dashboard.ppro.com ↗](https://dashboard.ppro.com/) customer dashboard - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/ppro) · [YouTube ↗](https://www.youtube.com/@ppro1709) Sources · 11 pages consulted 1. [register.fca.org.uk/s/firm?id=001b000000m4IX4AAM](https://register.fca.org.uk/s/firm?id=001b000000m4IX4AAM) 2. [find-and-update.company-information.service.gov.uk/company/07653641/officers](https://find-and-update.company-information.service.gov.uk/company/07653641/officers) 3. [find-and-update.company-information.service.gov.uk/company/07653641/filing-history](https://find-and-update.company-information.service.gov.uk/company/07653641/filing-history) 4. [find-and-update.company-information.service.gov.uk/company/07653641/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/07653641/persons-with-significant-control) 5. [find-and-update.company-information.service.gov.uk/company/07653641/filing-history/MzQ4NzIwNTc3NmFkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/07653641/filing-history/MzQ4NzIwNTc3NmFkaXF6a2N4/document?format=pdf&download=0) 6. [ppro.com/legal/ppro-entities/](https://www.ppro.com/legal/ppro-entities/) 7. [ppro.com/legal/payment-services-agreement-general-terms-and-conditions/](https://www.ppro.com/legal/payment-services-agreement-general-terms-and-conditions/) 8. [ppro.com/about-us/team/](https://www.ppro.com/about-us/team/) 9. [ppro.com/news/ppro-announces-85-million-funding/](https://www.ppro.com/news/ppro-announces-85-million-funding/) 10. [ppro.com/news/](https://www.ppro.com/news/) 11. [fca.org.uk/publication/undertakings/ppro-financial-limited.pdf](https://www.fca.org.uk/publication/undertakings/ppro-financial-limited.pdf) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ppro-financial-ltd-pprogb21#overview-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 ↗](https://register.fca.org.uk/s/firm?id=001b000000m4IX4AAM) | 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](https://elucidate.co/directory/ppro-financial-ltd-pprogb21#overview-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. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07653641/filing-history/MzQ4NzIwNTc3NmFkaXF6a2N4/document?format=pdf&download=0) 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](https://elucidate.co/directory/ppro-financial-ltd-pprogb21#overview-sources) - Payment gateway - Merchant acquiring - Payouts and mass payments 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 76.2mThis entity · 31 Dec 2024 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/07653641/filing-history/MzQ4NzIwNTc3NmFkaXF6a2N4/document?format=pdf&download=0) - **Sells to:** Financial institutions · Enterprises · Platforms and marketplaces - **Serves customers in:** United Kingdom - **Latest funding round:** Dual tranche funding round · EUR 85m Mar 2024 [ppro.com ↗](https://www.ppro.com/news/ppro-announces-85-million-funding/) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ppro-financial-ltd-pprogb21#overview-sources) - **Chief executive:** Mordechay (Motie) Bring Chief Executive Officer (group); director Confirmed 29 Sep 2026 · [ppro.com ↗](https://www.ppro.com/about-us/team/) - **Chief financial officer:** Michelle Eischeid-Gabidullin Chief Financial Officer (group); director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07653641/officers) - **Compliance / MLRO:** Selene Brett Chief Legal, Risk and Compliance Officer (group) Confirmed 29 Sep 2026 · [ppro.com ↗](https://www.ppro.com/about-us/team/) - **Compliance / MLRO:** Lisa Johansen VP Compliance (group) Confirmed 29 Sep 2026 · [ppro.com ↗](https://www.ppro.com/about-us/team/) - **Executive:** Alexander Matthey Chief Technology Officer (group); director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07653641/officers) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ppro-financial-ltd-pprogb21#overview-sources) 1. Aug 2026 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 ↗](https://find-and-update.company-information.service.gov.uk/company/07653641/filing-history) 2. Jul 2026 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 ↗](https://find-and-update.company-information.service.gov.uk/company/07653641/filing-history) 3. Jan 2026 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 ↗](https://find-and-update.company-information.service.gov.uk/company/07653641/filing-history) 4. Aug 2025 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 ↗](https://find-and-update.company-information.service.gov.uk/company/07653641/filing-history/MzQ4NzIwNTc3NmFkaXF6a2N4/document?format=pdf&download=0) 5. Dec 2024 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 ↗](https://find-and-update.company-information.service.gov.uk/company/07653641/filing-history) 6. Mar 2024 Funding The PPRO group announced an EUR 85 million dual tranche funding round from investors including Eurazeo, HPE Growth and PayPal Ventures. [ppro.com ↗](https://www.ppro.com/news/ppro-announces-85-million-funding/) 7. Oct 2023 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 ↗](https://find-and-update.company-information.service.gov.uk/company/07653641/filing-history) 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:** 1. PPRO Bank 2. GB Country · United Kingdom 3. 21 Location · passive 4. XXX Branch · head office - **Branch description:** Not recorded in the directory - **LEI:** 549300E47SRJ0FIEPR65 - **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/549300E47SRJ0FIEPR65) - **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-money - **Regulation:** Prudential licence - **Register licences:** [1 entry on 1 register](https://elucidate.co/directory/ppro-financial-ltd-pprogb21#licences) - **Activities:** - Payment services - E-money / stored value - **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb) - **Website (register):** [www.ppro.com ↗](https://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](https://elucidate.co/directory/ppro-holding-gmbh-pprodemm) · Germany[391200XOXOZE4M15JI92 ↗](https://search.gleif.org/#/record/391200XOXOZE4M15JI92) 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.](https://elucidate.co/directory/ppro-payment-services-s-a-77d78deb34ca), [Ppro Payments Services S.A.](https://elucidate.co/directory/ppro-payments-services-s-a-pppvlul2), [Ppro Holding GMBH](https://elucidate.co/directory/ppro-holding-gmbh-pprodemm). [See the Ppro Holding GmbH group →](https://elucidate.co/directory/group/391200XOXOZE4M15JI92) 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 ```xml PPROGB21XXX 549300E47SRJ0FIEPR65 ``` ### 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 ```xml PPROGB21XXX 549300E47SRJ0FIEPR65 PPRO FINANCIAL LTD ``` 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. ## Related institutions ### Same group - [Ppro Payments Services S.A. BIC PPPVLUL2 Financial institution Not on a tracked register Luxembourg · Not on a tracked register · LEI 9845009E0OE750F7D694](https://elucidate.co/directory/ppro-payments-services-s-a-pppvlul2) - [Ppro Holding GMBH BIC PPRODEMM Non-financial corporate Not on a tracked register Germany · Not on a tracked register · LEI 391200XOXOZE4M15JI92](https://elucidate.co/directory/ppro-holding-gmbh-pprodemm) [All 4 institutions in the Ppro Holding GmbH group →](https://elucidate.co/directory/group/391200XOXOZE4M15JI92) ### Other payments & e-money institutions in the United Kingdom - [Stonex Financial LTD BIC IGLUGB2L Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 446717 (FCA-PSD) · also on FINTRAC-MSB · LEI 549300AWF3TOHRYL7754](https://elucidate.co/directory/stonex-financial-ltd-iglugb2l) - [Dex International Limited · trading as DEXREMIT No BIC Payments & e-money Crypto Money service business Prudential licence United Kingdom · Licensed by FCA · 503929 (FCA-PSD) · also on HMRC-MLR, FINTRAC-MSB · LEI 9845003995D06S994R04](https://elucidate.co/directory/dex-international-limited-ff2b0c01c725) - [Euronet Payment Services Ltd · trading as Ria Money Transfer, Ria No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 504630 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/euronet-payment-services-ltd-6f4dec33a392) - [Instinet Europe Limited BIC ISNTGB2L Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 140822 (FCA-PSD) · LEI 213800MXAKR2LA1VBM44](https://elucidate.co/directory/instinet-europe-limited-isntgb2l) - [Isx Financial UK LTD BIC ISFIGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 901034 (FCA-EMI) · LEI 2138007BDV9IRS8AYD07](https://elucidate.co/directory/isx-financial-uk-ltd-isfigb22) - [Western Union Payment Services GB Limited · trading as Manning House, WU No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 816890 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/western-union-payment-services-gb-limited-0741de977896) - [A to Z 4U Ltd · trading as SAAK REMIT, Saakpay No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 570837 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/a-to-z-4u-ltd-25c2ca0fa3b5) - [Allied Wallet Limited No BIC Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 900124 (FCA-EMI) · also on FCA-PSD · LEI 213800HO66BDXP716G24](https://elucidate.co/directory/allied-wallet-limited-8983cc2e32eb) [See all →](https://elucidate.co/directory/search?type=payments&cc=GB) Claim this profile ## Work at Ppro Financial LTD? Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page. 1. 01 **Submit** Tell us who you are, using your work email. 2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days. 3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time. 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 →](https://elucidate.co/directory/methodology) Credits for this page - **FCA Financial Services Register - E-Money Institutions**—Financial Conduct Authority (FCA) · [register ↗](https://register.fca.org.uk/s/) 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. ## Assess the financial crime risk behind a BIC A BIC identifies an institution; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.