PingPong
PrivateLast Round
Private Equity
Jan 27, 2022
Est. Valuation
$5B
Total Funding Raised
$224.36M
Company Overview
PingPong is a financial technology company founded in 2015 that operates a global cross-border payment platform. The company's mission is to empower businesses, from e-commerce sellers to large enterprises, to expand globally by simplifying international transactions. Its services include supplier payments, receiving funds from marketplaces, currency conversion, VAT/GST payments, and virtual wallets. PingPong serves businesses in over 200 countries and regions and has processed over $90 billion in transactions. Founded in New York by Robert (Yu) Chen, the company has grown to over 1,500 employees with major offices in New York, San Mateo, and Hangzhou, reflecting its global operational scale.
Sector
FinTech
Verticals
Digital Payments, Foreign Exchange, Lending & Credit, Compliance & Risk
Business Model
B2B
Customer Profile
Payment Processing Fee, Revenue Share, Subscription SaaS
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
PingPong Comps
Public and private peers based on sector, stage, and business model.
PingPong Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Private Equity | Jan 27, 2022 | ||||
| Series C | Sep 20, 2018 | ||||
| Series B Extension | Mar 21, 2018 | ||||
| Series B | Mar 13, 2017 | ||||
| Series A | Aug 30, 2016 | ||||
Angel | Sep 1, 2015 |
Key People
Founding team and executive leadership
PingPong Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Zhejiang Sino Wisdom Investment Management | Series C |
| China International Capital Corporation | Series B, Series B Extension |
| Cybernaut International Holdings | Series C |
| Eight Roads Ventures | Series B, Series A |
| Fidelity Management & Research Company | Series B |
| Ocean Link | Series C |
| GF Venture Capital | Series C |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 1, 2026
Processed over $300 billion in payments.
- Mar 9, 2026
Partnered with Chewy, the largest online pet retailer in the US.
PingPong Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about PingPong's valuation, stock price, and market status.
