About PingPong
PingPong is a company based in New York (United States) founded in 2015 by Yu Chen. It operates as a FinTech. PingPong has raised $124.37 million across 5 funding rounds from investors including CICC, Eight Roads Ventures and Zhejiang Huarui Investment Holdings. PingPong offers products and services including Cross-Border Payment Solution. PingPong operates in a competitive market with competitors including Payoneer, Airwallex, Tipalti, Flywire and Rapyd, among others.
- Headquarter New York, United States
- Founders Yu Chen
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
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Total Equity Funding
$124.37 M (USD)
in 5 rounds
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Latest Funding Round
$102.12 M (USD), Series C
Sep 20, 2018
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Investors
CICC
& 6 more
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Employee Count
Not available
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Products & Services of PingPong
PingPong offers a comprehensive portfolio of products and services, including Cross-Border Payment Solution.
Cross-border payment services are provided for Chinese sellers.
People of PingPong
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Sales and Marketing
25 people
Leadership Team
10 people
Human Resources and Administration
7 people
Legal and Compliance
5 people
Strategic Team
4 people
Software Development Team
4 people
Senior Team
3 people
Partnerships Team
3 people
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Funding Insights of PingPong
PingPong has successfully raised a total of $124.37M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $102.12 million completed in September 2018. 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.
Investors in PingPong
PingPong has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include CICC, Eight Roads Ventures and Zhejiang Huarui Investment Holdings.
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Investor details for PingPong
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Investments & Acquisitions by PingPong
Investment portfolio details for PingPong
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Financial Statements - PingPong
Detailed financials for PingPong
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Pingpong Comparisons
Peer comparison for PingPong
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Competitors of PingPong
PingPong 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 Payoneer, Airwallex, Tipalti, Flywire and Rapyd, among others.
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Cross-border payments are enabled for businesses via diverse payout methods.
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Cross-border payments are processed for businesses via tools and APIs.
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Cloud-based procurement and invoice management solutions are offered to businesses.
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Flywire is recognized as a global payments and software expert.
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Global payment solutions are provided by Rapyd to businesses worldwide.
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Cross-border payment infrastructure provider
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Detailed competitors of PingPong
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Latest news on Pingpong
Complete news archive for PingPong
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Frequently Asked Questions about PingPong
PingPong was founded in 2015.
PingPong is headquartered in New York, United States. It is registered at New York, New York, United States.
Yu Chen is the current CEO of PingPong. They have also founded this company.
PingPong is a funded company, having raised a total of $124.37M across 5 funding rounds to date.
Cross-border payment solutions are provided by PingPong, targeting Chinese sellers in the e-commerce sector. Services are designed to facilitate international transactions for businesses engaged in global trade. The focus is placed on simplifying financial operations for cross-border commerce.
PingPong offers Cross-Border Payment Solution.
PingPong has 7 investors. Key investors include CICC, Eight Roads Ventures, Zhejiang Huarui Investment Holdings, Ocean Link, and Cybernaut.