Investment Summary

First Quay Capital Exits Alpha Fintech

On March 8, 2022, PPRO invested in internet software and services company Alpha Fintech from First Quay Capital

Investment Highlights
  • This is PPRO’s 1st transaction in the Internet Software and Services sector.
  • This is PPRO’s 1st transaction in Australia.

Investment Summary

Date 2022-03-08
Target Alpha Fintech
Sector Internet Software and Services
Investor(s) PPRO
Sellers(s) First Quay Capital
Deal Type Add-on Acquisition
Advisor(s) Morrison & Foerster (Legal)

Target

Alpha Fintech

Victoria, Australia
Alpha Fintech is a provider of third party payment, risk and commerce solution access to international banks and merchants through the Alpha Fintech platform. With all integrations accessible through a single API, Alpha Payments Cloud eliminates restrictions and friction caused by legacy platforms and introduces the possibility of infinite third-party vendor access. Alpha Fintech was founded in 2011 and is based in Victoria, Australia.

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Investor(S) 1

Investor

PPRO

London, United Kingdom

Category Company
Founded 2006
Sector Information Technology
Employees300
DESCRIPTION

PPRO is a provider of local payments infrastructure, powering growth for payment service providers and enterprises with payment platforms. Companies at the forefront of payments technology leverage PPRO’s unified platform, expert services, and local payment methods to boost sales in over 100 e-commerce markets worldwide. PPRO was founded in 2006 and is based in London, United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Australia M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-13 allpago

Berlin, Denmark

allpago is a payment service provider for Latin America, enabling e-commerce merchants and payment providers to accept all relevant local payment methods through a single platform and API in over 90% of the region. allpago’s state-of-the-art technology and regulatory knowledge are used by merchants including Adobe, BMW, McAfee, Microsoft, Nintendo, Symantec, and TeamViewer to maximize conversion rates and ensure compliant transactions with customers in Latin America, and as a ‘last mile’ payment interface by leading payment companies around the world such as Zuora, ACI Worldwide and Wirecard.

Buy -

Seller(S) 1

DESCRIPTION

First Quay Capital is an Australian investment firm that invests in early-stage high growth consumer-oriented businesses. In addition to providing growth capital, First Quay takes an active in role in its investee companies to accelerate growth and achieve positive financial results. The Firm looks to initially commit 1 to 2 million AUD in businesses valued up to 8 million AUD. First Quay was established in 2016 and has offices in Sydney and Melbourne.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Alpha Fintech

Victoria, Australia

Alpha Fintech is a provider of third party payment, risk and commerce solution access to international banks and merchants through the Alpha Fintech platform. With all integrations accessible through a single API, Alpha Payments Cloud eliminates restrictions and friction caused by legacy platforms and introduces the possibility of infinite third-party vendor access. Alpha Fintech was founded in 2011 and is based in Victoria, Australia.

Buy -