About PlingPay
PlingPay is a company based in Malmo (Sweden) founded in 2015. PlingPay operates in a competitive market with competitors including MoneyGram, Chipper Cash, WorldRemit, Wave Systems and PaySend, among others.
- Headquarter Malmo, Sweden
- SectorsFinancial Services
- Website plingpay.com
- Social LinkedIn X Facebook
- Legal Name Imt Money Express Ab
- Annual Revenue$576.71 (USD)-100as on Dec 31, 2021
- Net Profit-$56.59 K (USD)-1343as on Dec 31, 2021
- EBITDA-$56.59 K (USD)-1077as on Dec 31, 2021
- Investors
Funding Insights of PlingPay
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of PlingPay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2016 | – | Seed | – | – |
1 investors in total: 1 institutional.
Investors in PlingPay
PlingPay has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Fast Track Malmö.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fast Track Malmö is focused on supporting regional startups. | – | fasttrackmalmo.com | Malmö, Sweden |
Investor details for PlingPay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of PlingPay
2 dated milestones of PlingPay across 1 years, from founding to its latest funding, stage changes and deals.
- Founded PlingPay is founded.
- Funding First funding round.
Competitors of PlingPay
PlingPay 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 MoneyGram, Chipper Cash, WorldRemit, Wave Systems and PaySend, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| chippercash.com | 2018 | San Francisco, United States | $302.2M | – | Cross-border remittances are enabled for individuals through a mobile wallet. | |
| worldremit.com | 2010 | London, United Kingdom | $623.96M | 263 | Banking channel for cross border money transfers | |
| wave.com | 1996 | Lee, United States | $326.26M | – | Cross-border money transfers are enabled via an app-based wallet. | |
| paysend.com | 2015 | Valletta, Malta | $226.9M | – | Cross-border money transfers are enabled via digital wallet. | |
| taptapsend.com | 2018 | London, United Kingdom | $78.36M | – | Cross-border money transfers are enabled by an app-based digital wallet. | |
| sendwave.com | 2011 | Boston, United States | $13.8M | 339 | Cross-border money transfers are facilitated through a mobile wallet service. | |
| bkash.com | 2011 | Dhaka, Bangladesh | $261M | – | Mobile financial services and payment system for consumers | |
| you.co | 2018 | Singapore | $105.5M | – | NFC-enabled travel cards and wallets are provided for travelers. | |
| lemfi.com | 2020 | Maidstone, United Kingdom | $86.85M | – | Cross-border payments are enabled for sending and receiving money internationally. |
Detailed competitors of PlingPay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to PlingPay
10 companies that operate in the same segment as PlingPay (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about PlingPay
PlingPay was founded in 2015 and raised its 1st funding round 1 year after it was founded.
PlingPay is headquartered in Malmo, Sweden.
Annual revenue of PlingPay is $576.71 as on Dec 31, 2021.
PlingPay was founded in 2015 in Malmo, Sweden, within the fintech sector. Cross-border money transfers are facilitated through a proprietary blockchain variant. Direct transactions between multiple traditional currencies are enabled by this technology. Operations focus on international payments without intermediaries. The service remains in stealth mode as of September 2016, with activities centered in Europe.
PlingPay's top competitors include Chipper Cash, Taptap Send and WorldRemit.
PlingPay has 1 investor. Key investors include Fast Track Malmö.
PlingPay operates through Imt Money Express Ab.