PPRO CEO Simon Black to step down at the end of the year
The CEO of UK-based digital payments infrastructure provider PPRO, Simon Black, is set to leave the firm at the end of the year.
PPRO’s CEO Simon Black is stepping down
Black will step down as CEO on 31 December 2023, having led the company for almost nine years.
Black joined PPRO as CEO in 2015 shortly after the company received its first outside investment from HPE Growth. In its most recent equity funding round in 2020, the company achieved unicorn status with a valuation of $1 billion.
Across his tenure, Black has led a series of funding rounds for the firm totalling more than $300 million.
The company says it has already begun looking for a replacement and adds Black will work with the board to ensure a “smooth leadership transition”.
PPRO says Black’s departure comes following the successful integration of Melbourne-based Alpha Fintech, which the company acquired in 2022.
The company has also recently made a raft of new hires across its management team, with Motie Bring joining as chief commercial officer, Rahul Raswant as chief financial officer and Bernie Miles as chief technology officer.
Black says the company is “better positioned than ever before” with more in the pipeline.
“Over the next few months, we are launching a new single API, a global payment gateway and the first, frictionless, cross-border e-commerce solution for UPI in India,” he says.
“With the company so well positioned for the next growth phase, and after almost nine years at the helm, I have decided it is the right time for me to step aside and help transition to a new CEO.”
