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Founded Year

2015

Stage

Series E - II | Alive

Total Raised

$102.3M

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-51 points in the past 30 days

About PingPong

PingPong specializes in cross-border payment solutions for businesses. The company offers services such as facilitating international payments through virtual accounts, managing invoices for global clients, processing payments to suppliers and freelancers, and handling tax payments like VAT and GST. PingPong also provides foreign exchange management and integrates with QuickBooks for streamlined bookkeeping. It was founded in 2015 and is based in San Mateo, California.

Headquarters Location

1510 Fashion Island Boulevard

San Mateo, California, 94404,

United States

+86-400-996-9666

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PingPong's Product Videos

ESPs containing PingPong

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Payments Tech

The enterprise cross-border payments platforms market enables businesses to send and collect payments globally. Companies in this market offer currency exchange solutions that help users monitor exchange rates and hedge currency risk. Some companies also provide specialized solutions for different industries. In addition to enterprise solutions, many providers in this market also offer consumer-sp…

PingPong named as Outperformer among 15 other companies, including Payoneer, Wise, and Revolut.

PingPong's Products & Differentiators

    E-commerce

    Your money, on demand. PingPong’s virtual account allows e-commerce sellers to easily receive money from customers, clients, and suppliers worldwide. It’s like having local bank accounts that connect you to over 11 countries and regions – minus the cost and monthly fees!

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Research containing PingPong

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned PingPong in 1 CB Insights research brief, most recently on Dec 14, 2023.

Expert Collections containing PingPong

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

PingPong is included in 4 Expert Collections, including Payments.

P

Payments

3,233 items

Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.

F

Fintech 100

500 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

F

Fintech

9,304 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

E

E-Commerce

217 items

Latest PingPong News

PingPong Partners with China's Largest Trade Fair to Empower Global Businesses finding High-Quality Supply Chains

Oct 30, 2024

PingPong Partners with China's Largest Trade Fair to Empower Global Businesses finding High-Quality Supply Chains English GUANGZHOU, China, Oct. 30, 2024 /PRNewswire/ --  PingPong , one of the leading global cross-border payments platforms for businesses, is proud to officially  announce its role as the cooperative partner of the 'Trade Bridge', a trade promotion initiative during the 136th Canton Fair. The multi-day event will feature over 30,000 global companies exhibiting goods, and host more than 130,000 global buyers from over 200 countries and regions. As a cooperative partner of the Canton Fair's "Trade Bridge" initiative, PingPong has leveraged its global ecosystem to bring over 300 buyers to the event from around the world, particularly Thailand, Indonesia, South Korea and Vietnam. These buyers can easily connect with top Chinese sellers and screen suppliers, facilitating global trade corridors. “International Sellers engage with PingPong at the Canton Fairwile  in search of suppliers” PingPong has also created a platform to match Chinese merchants with high-quality global buyers, facilitating 1-on-1 meetings to support both buyer and seller needs. Additionally, PingPong is hosting three online and offline procurement matchmaking events, opening new opportunities for global expansion. Earlier this year, Canton Fair's Trade Bridge signed a comprehensive strategic partnership with PingPong to utilize its global ecosystem to help Chinese businesses expand internationally. Jianqin Shu,Partner and General Manager of SMB Business Group at PingPong said, "At this year's Canton Fair, we've mobilized local teams, partners, and buyers from around the world, including Vietnam, South Korea, Indonesia and Thailand, forming a delegation of hundreds to meet face-to-face with trade companies. This shows PingPong's value is more than just in payments, it is a global ecosystem of buyers and sellers. In September, we also led an industry summit in Vietnam with over 4,000 attendees to help businesses access global markets. Going forward, we will continue expanding our network to more countries and regions, offering valuable connections and fostering growth for merchants on our platform." One of PingPong's clients is Thai buyer Sumin Tunpeiroh, who is also a representative at the event. He hopes to source new steel grinding machines for next year's sales, commenting, "PingPong built an excellent platform, allowing us to engage directly with top companies and discover the newest products." PingPong will continue to facilitate trade connections during the second and third phases of the 136th Canton Fair, focusing on matching buyers from Thailand and South Korea with high-quality Chinese suppliers. And PingPong also invited top Vietnamese influencer ZhuZhu and leading Thai beauty blogger PeePee to livestream their exhibition experiences during the fair. These livestreams create in-depth opportunities for foreign trade businesses to connect with international influencers, opening a window to overseas markets and consumers, and helping businesses transform in the digital trade era. About PingPong PingPong was founded in New York in 2015, with the goal of solving the immense challenge of scaling enterprise businesses globally. Fast forward to today, and PingPong has become one of the world's leading global cross-border payments  platforms, processing more than $200 billion USD. Our API-first cross-border payments platform integrates with enterprises to send, manage, and receive money faster on a global scale. PingPong currently has 30 offices spanning 11 countries, with over 1000 employees. Our international presence helps businesses solve complex payment needs in every major economy across all time zones. About Canton Fair: As a comprehensive international trading event with the longest history, the largest scale, the most complete exhibit variety, the largest buyer attendance, the most diverse buyer origin and the greatest business turnover in China, Canton Fair is hailed as China's No.1 Fair and the barometer of China's foreign trade.

PingPong Frequently Asked Questions (FAQ)

  • When was PingPong founded?

    PingPong was founded in 2015.

  • Where is PingPong's headquarters?

    PingPong's headquarters is located at 1510 Fashion Island Boulevard, San Mateo.

  • What is PingPong's latest funding round?

    PingPong's latest funding round is Series E - II.

  • How much did PingPong raise?

    PingPong raised a total of $102.3M.

  • Who are the investors of PingPong?

    Investors of PingPong include Ally Capital, Restone Capital, Zhihui Qianchao, Hangzhou High-tech Investment, CITIC Securities Investment and 23 more.

  • Who are PingPong's competitors?

    Competitors of PingPong include Stripe, PayNearMe, YapStone, Tipalti, Hypur and 7 more.

  • What products does PingPong offer?

    PingPong's products include E-commerce and 1 more.

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Compare PingPong to Competitors

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Stripe operates as a technology company that specializes in online payment processing and financial infrastructure for Internet businesses. The company provides a suite of products that enable businesses to accept payments, manage billing and subscriptions, handle in-person transactions, and integrate various financial services into their operations. Its platform is designed to support startups, enterprises, and everything in between with scalable, API-driven solutions. Stripe was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.

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Klarna

Klarna specializes in providing payment solutions and services within the e-commerce sector. The company offers a platform for online shopping that includes price comparisons, deals, and various payment options to facilitate purchases for consumers. Klarna primarily serves the e-commerce industry by enabling a seamless shopping experience through its payment and financing services. It was founded in 2005 and is based in Stockholm, Sweden.

P
PayNearMe

PayNearMe develops technology to facilitate the end-to-end customer payment experience. It offers a billing and payment platform. Its platform helps users pay with cash for a range of goods and services from companies in e-commerce, property management, consumer finance, and transportation, enabling businesses and government agencies as well as retail stores to digitize cash collection processes. PayNearMe was formerly known as Handle Financial. The company was founded in 2009 and is based in Santa Clara, California.

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Previse

Previse specializes in accelerating B2B payments through data-driven solutions in the financial technology sector. The company offers services that enable instant invoice payments and supply chain payment optimization using artificial intelligence to assess invoices and facilitate early payments. Previse's solutions cater to large enterprises looking to improve their working capital efficiency and supplier payment processes. It was founded in 2016 and is based in London, England.

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Pine Labs

Pine Labs is a merchant platform that provides payment solutions across various business sectors. The company offers services including in-store and online payment processing, customer loyalty programs, prepaid and gifting services, and analytics. Pine Labs serves sectors such as electronics, lifestyle, automobile, grocery, healthcare, and hospitality. It was founded in 1998 and is based in Noida, India.

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ToneTag

ToneTag is a company specializing in soundwave-based communication and payment technologies within the financial and retail sectors. The company offers a range of products that facilitate contactless payments, voice-assisted transactions, and sound-based data communication for businesses and customers, ensuring secure and convenient interactions. ToneTag's solutions cater to various business types, including grocery, food and beverage, and banking services, providing them with tools for in-store and online operations. It was founded in 2013 and is based in Bengaluru, India.

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