HPE Growth, a private equity firm based in Amsterdam, is the largest shareholder in Ppro Group, an ecommerce payment processor offering merchants local payment options. U.K.-based Ppro, which acquired allpago (a payment gateway that operates in Latin America) in July 2019, aims to be a global provider of merchant services. Until last month, Ppro also owned a prepaid card businesses. However, the continental-Europe-only footprint of its prepaid card business did not fit into Ppro’s global growth strategy for acquiring and payment processing. HPE has facilitated a spinoff of the prepaid car...