Global FinTech PPRO Announces $50 Million Funding Round Led by Sprints Capital, Citi Ventures and HPE Growth
PPRO, the world’s leading local payments platform-as-a-service, reports today the closing of a USD $50 million financing round led by Sprints Capital with participation from existing Citi Ventures and HPE Growth. PPRO will use the funds to scale the organization and accelerate strategic growth plans for its global platform.
The move comes on the heels of a period of growth, with an 85% increase in transaction volume from last year, highlighting the exponential opportunities for cross-border e-commerce amidst the COVID-19 pandemic. Due in part to a massive digital shift in e-commerce consumer behavior, PPRO is now processing an annual run rate of USD $9 billion in payment transaction volume.
PPRO has already grown the size of its team by 25% since the beginning of the year. The majority of these new hires are positioned to strengthen PPRO’s three product development centers in Germany, Singapore and Brazil; teams which are focused on delivering high-quality integrations to popular payment methods in key e-commerce markets across Europe, APAC and the Americas.
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A coalition of advocates for the startup ecosystem today expressed their strong support for the IGNITE American Innovation Act, introduced by Reps. Dean Phillips (D-MN) and Jackie Walorski (R-IN). The coalition organizations include: The National Venture Capital Association, Biotechnology Innovation Organization, TechNet, AdvaMed, Center for American Entrepreneurship, Medical Device Manufacturers Association, Angel Capital Association, and Technology Councils of North America.
Google Awards $1 Million Grant to the Satcher Health Leadership Institute at Morehouse School of Medicine to Study Racial Impact of COVID-19
Google.org has given $1 million to Morehouse School of Medicine to study racial disparities in COVID-19. The new partnership between Google.org and the Satcher Health Institute at Morehouse School of Medicine will also include a team of Google engineers and data scientists who will work full-time over the next six months to support the project.
PPRO announces 85% volume growth despite pandemic, accelerates plans with new investment from Sprints and Citi
PPRO, the world’s leading local payments platform-as-a-service, reports today an 85% increase in transaction volume from last year, highlighting the exponential opportunities for cross-border e-commerce amidst the COVID-19 pandemic. Due in part to a massive digital shift in e-commerce consumer behavior, PPRO is now processing an annual run rate of USD 9bn in payment transaction volume.
Local Company Plays Well with Global Tech Giants: AMI Joins HPE and Industry Partners in the Open Distributed Infrastructure Management (ODIM) Initiative for Simplified 5G Deployment
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AMI® (ami.com), a local Gwinnett County-based technology firm joins HPE and Industry Partners in the Open Distributed Infrastructure Management (ODIM) Initiative for Simplified 5G Deployment. AMI is best known for its BIOS firmware that boots computers and servers, and for its BMC firmware that is found in data centers worldwide. ODIM is an open source initiative that will simplify the management of geographically distributed infrastructure and address some of the more challenging issues telco providers confront when deploying 5G networks. The primary objective of ODIM is to harmonize the vast amount of hardware from a multitude of vendors to ensure interoperability across a multitude of sites and across multiple networks. AMI is contributing to the manageability aspect of ODIM with AMI Composer (ami.com/composer), a robust hyperscale node, rack and POD management system for both traditional and telco cloud infrastructure.
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PITCH FOR PURPOSE is a startup competition celebrating social entrepreneurs and their ideas that will change the world. Finalists will get the opportunity to pitch their venture for a chance to win $15,000.
Survey of Georgia technology leaders finds only 31% of executives plan to implement COVID-19 testing for employees, but most will require masks
Artis partners with Laika to automate compliance management to perform above industry standard for security and compliance requirements.
Three New Board Members Representing Oregon, Massachusetts and Georgia Join the International Board
Governor Brian P. Kemp today announced Georgia Emergency Management and Homeland Security Agency (GEMA/HS) is leveraging an existing state contract with Georgia-based UPS to deliver personal protective equipment to medical facilities across Georgia.
Six Recipients Showcase FinTech Innovation with Connection to Georgia
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Leading investment conference to go virtual with two days of immersive experiences and key opportunities for investors, entrepreneurs
Through a cooperative agreement, Orasi’s DevOps experts will sell HashiCorp’s enterprise products and provide strategic consulting services to Orasi’s global enterprise customer base.
Digital Envoy, the inventor of IP intelligence, today announced that Jerrod Stoller has been appointed as its new President. Current President and CEO Bill Calpin has stepped back from his role and has been named Chairman of the Board. Co-founder and Executive Vice President Rob Friedman assumes a dual role with the addition of the Vice-Chairman title.
Governor Brian P. Kemp today announced the publication of Georgia’s Broadband Availability Map, a new tool that will bring more transparency about the internet marketplace and clarify which Georgia households do not have access to high-speed internet.
Cybersecurity and compliance software innovator Apptega has earned top ratings in key customer success and satisfaction categories in the Summer 2020 quarterly report published by G2.com, Inc.
The Kent Antley Scholarship is awarded to those that exemplify the man in which the scholarship is named after: visionary, steadfast, dedicated and focused on pursuing STEM education.
OnPay survey data indicates 1 in 2 small businesses turned to the Payroll Protection Program for assistance
B2B technology firm advances company’s market presence
Apptega Adds Cybersecurity Maturity Model Certification (CMMC) to Its Growing List of Compliance Frameworks
New Framework in Apptega Simplifies Cybersecurity Certification for Contractors and Subcontractors to the Department of Defense.
In the last five years, approximately 4,000 Georgia businesses have received DoD contracts, making defense contracting a $7.3 billion dollar industry in the state of Georgia. This crucial supply chain is increasingly at risk for cybersecurity attacks, particularly the small businesses that make up the largest percentage of Georgia’s defense industrial base. In January 2020, The Department of Defense established a new, unified cybersecurity standard.
Governor Brian P. Kemp today announced that Perspecta Inc. (PRSP), a leading U.S. government services provider, is opening a regional office at the Georgia Cyber Center in Augusta. This investment will deliver 178 jobs to Richmond County and the surrounding area in support of the U.S. Army Cyber Command (ARCYBER) at Fort Gordon. The jobs will be located on base and at the Georgia Cyber Center.
Area Financial Services (AFS) Selects Alogent NXT as its Digital Banking Platform for its Family of Credit Unions
Area Financial Services, Inc. (AFS), an item processing credit union service organization (CUSO) in Northeast Ohio, will migrate its member credit unions to Alogent’s digital banking platform, NXT.
Sharecare earns 13 Digital Health Awards for well-being engagement resources, snags top honors for COVID-19 efforts
Sharecare, the digital health company that helps people manage all their health in one place, today announced it was recognized in the Spring 2020 Digital Health Awards with 13 awards, including four top honors for the content, resources and programs it developed in rapid response to COVID-19. Hosted by the Health Information Resource Center, a national information clearinghouse for professionals who work in consumer health fields, the biannual Digital Health Awards recognize the world’s best digital health resources for consumers and healthcare professionals.
Governor Brian P. Kemp today announced that Georgia has received its 12th Shovel Award – its 11th consecutive such award – recognizing the state’s excellence in attracting investment and creating jobs.
BlueFletch Validated As A Partner In Google-Led Android Enterprise Recommended Program For Enterprise Mobility Management
BlueFletch, an Atlanta-based software company focused on helping enterprises secure, manage, and support their company-owned Android devices, today announced that its mobility management solution, Enterprise Installer, has been validated by Google for supporting all the standard Android Enterprise features for work profile, fully managed, and dedicated device management sets.