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
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Net Profit
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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
Employee Count
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Products & Services of PingPong
PingPong offers a comprehensive portfolio of products and services, including Cross-Border Payment Solution. 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.
Cross-border payment services are provided for Chinese sellers.
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $102.1M
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First Round
First Round
(10 Sep 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2018 | Amount | Series C - PingPong | Valuation | Zhejiang Huarui Investment Holdings , Ocean Link |
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| Mar, 2018 | Amount | Series B - PingPong | Valuation | CICC |
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| Mar, 2017 | Amount | Series B - PingPong | Valuation | GF Xinde Investment Management |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 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. 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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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 PingPong
| 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 - PingPong
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Pingpong Comparisons
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. 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 |
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| domain | founded_year | HQ Location |
Cross-border payments are enabled for businesses via diverse payout methods.
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| domain | founded_year | HQ Location |
Cross-border payments are processed for businesses via tools and APIs.
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| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Flywire is recognized as a global payments and software expert.
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| domain | founded_year | HQ Location |
Global payment solutions are provided by Rapyd to businesses worldwide.
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| domain | founded_year | HQ Location |
Cross-border payment infrastructure provider
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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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Latest news on Pingpong
Frequently Asked Questions about PingPong
When was PingPong founded?
PingPong was founded in 2015.
Where is PingPong located?
PingPong is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of PingPong?
Yu Chen is the current CEO of PingPong. They have also founded this company.
Is PingPong a funded company?
PingPong is a funded company, having raised a total of $124.37M across 5 funding rounds to date.
What does PingPong do?
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.
Who are the top competitors of PingPong?
What products or services does PingPong offer?
PingPong offers Cross-Border Payment Solution.
Who are PingPong's investors?
PingPong has 7 investors. Key investors include CICC, Eight Roads Ventures, Zhejiang Huarui Investment Holdings, Ocean Link, and Cybernaut.
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