The FCA-regulated e-Money Institution PPRO Financial is controlled by the German PPRO Holding GmbH and has affiliated companies in Europe, Asia, North and South America. The company was co-founded by Tobias Schreyer. In January 2021, the company announced a $180 million in funding at a valuation of more than $1 billion. Recently, the company appointed former Wayfair Europe finance executive Rahul Raswant as its new Chief Financial Officer (CFO). He takes over from Goetz Moeller, who will be stepping down after over 3 years at the firm.