The cross-border payment platform has raised cash in a PayPal-led round also featuring Citi Ventures that will fund international growth.

Online payment services provider PayPal led a $50m funding round for UK-based cross-border payment technology developer PPRO Group on Monday

Citi Ventures, the strategic investment arm of financial services group Citi, and investment firm HPE Growth Capital also participated in the round. HPE had previously supplied an undisclosed amount of funding for PPRO in 2014.

Founded in 2006, PPRO offers a wide range of cross-border payment options sourced from various providers through a single, unified platform. It also issues prepaid…