About Ping
Ping is a company based in Miami Beach (United States) founded in 2021 by Jack Saracco, Mary Saracco, Pablo Orlando, and Nicolas Bayerque. It operates as a FinTech, and Freemium. Ping has raised $15 million across 1 funding round from investors including BlockTower, Goat Capital and Signum Capital. Ping offers products and services including USD Account, Crypto Management, Invoicing Platform, and International Card. Ping operates in a competitive market with competitors including Bill.com, Billtrust, SumUp, Paymentus and PaySimple, among others.
- Headquarter Miami Beach, United States
- Founders Jack Saracco, Mary Saracco, Pablo Orlando, Nicolas Bayerque
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Fortress Blockchain Technologies Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15 M (USD)
in 1 rounds
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Latest Funding Round
$15 M (USD), Seed
Nov 09, 2022
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Investors
BlockTower
& 5 more
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Employee Count
Employee Count
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Products & Services of Ping
Ping offers a comprehensive portfolio of products and services, including USD Account, Crypto Management, Invoicing Platform, and International Card. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A free USD account for global transactions is provided.
Crypto conversion and management services are offered globally.
Secure worldwide invoicing is facilitated through the platform.
A free international card for global use is provided.
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Funding Insights of Ping
Ping has successfully raised a total of $15M through 1 strategic funding round. The most recent funding activity was a Seed round of $15 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $15.0M
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First Round
First Round
(09 Nov 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Seed - Ping | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ping
Ping has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include BlockTower, Goat Capital and Signum Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are funded by Goat Capital venture fund.
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Founded Year | Domain | Location | |
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Blockchain startups are funded through venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage and growth-stage tech startups are funded by DHVC.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ping
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ping
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ping Comparisons
Competitors of Ping
Ping operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bill.com, Billtrust, SumUp, Paymentus and PaySimple, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based accounts payable and receivable software for businesses
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| domain | founded_year | HQ Location |
Invoice and payment management solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Provider of mPOS solution and card reader for offline retailers
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| domain | founded_year | HQ Location |
Comprehensive billing and payment solution provider
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| domain | founded_year | HQ Location |
Online payment and invoicing solutions are offered to small businesses.
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| domain | founded_year | HQ Location |
Blood-based pathogen detection devices are manufactured for healthcare applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Ping
When was Ping founded?
Ping was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Ping located?
Ping is headquartered in Miami Beach, United States. It is registered at Miami Beach, Florida, United States.
Who is the current CEO of Ping?
Pablo Orlando is the current CEO of Ping. They have also founded this company.
Is Ping a funded company?
Ping is a funded company, having raised a total of $15M across 1 funding round to date. The company's 1st funding round was a Seed of $15M, raised on Nov 09, 2022.
What does Ping do?
Ping is established as a technology platform that enables individuals and companies to manage finances globally. Services are provided for opening free USD accounts, handling transactions in fiat and cryptocurrencies, and facilitating secure international invoicing. The platform is designed to support seamless payment receipt and money management across borders. Solutions are extended to include international cards with no fees. Operations are supported through partnerships with third-party providers like Fortress Blockchain Technologies for fiat and crypto custody.
What products or services does Ping offer?
Ping offers USD Account, Crypto Management, Invoicing Platform, and International Card.
Who are Ping's investors?
Ping has 6 investors. Key investors include BlockTower, Goat Capital, Signum Capital, DHVC, and Race Capital.
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