Morrison & Foerster Advises Alpha Fintech on Sale to PPRO Berlin

Morrison & Foerster advised the shareholders of Singapore-based payments technology company Alpha Fintech in connection with its sale to PPRO. The transaction also included the acquisition of shares in PPRO in Munich.

Alpha Fintech provides a next-generation omni-channel payments platform for banks, payment service providers, and other fintechs, including New Zealand-based BNZ and Southeast Asian super-app Grab. In addition to merchant management and payment processing, Alpha’s cloud-based platform enables the seamless orchestration of other services, including risk management, fraud prevention, and data analysis.

Alpha’s 90 payment technology experts in Australia, Argentina, Singapore, and the United States will join PPRO’s global team. With them, PPRO is also strengthening its local presence and networks, and advancing its goal of becoming a global powerhouse in payments.

The MoFo team advising Alpha was led by Hong Kong-based co-head of MoFo’s Asia Private Equity Group Thomas T.H. Chou, Berlin corporate partner Dr. Joerg Meissner, together with senior associates Tobias Hoppe, Julia Michels, associate Antonia Schlag and Singapore corporate associate Mark Tay.