PingPong Analysis
What is PingPong?
PingPong is a leading cross-border payments platform that facilitates global money transfers and management for businesses with advanced technical infrastructure and compliance.
Founded
2015
Revenue
$210.1M - $750M
Business Model
Simplifies cross-border payments, monetizes through transactional and FX fees.
Company Stage
Series B
YC Batch
W21
Product Features & Capabilities
- Local accounts, Payout capabilities, Multi-currency wallet, KYC checks, Accept card payments in 50+ currencies, Local payouts to 40+ countries, Global network for transfers to 195 countries, Autorouting for payment flows, Volume discounts on FX.
Pricing
- Free Plan: No monthly fee, allows basic usage.
- Standard Plan: Less than 1% all-inclusive fees for international payments.
- Custom Enterprise Plans: Start at $1499/month, includes SLA and audit trails.
Who are the founders of PingPong
DM
YC
Yu Chen
Founder & CEO
Competitors Overview
PingPong Global Solutions operates in the cross-border payments market, where it faces competition from several notable companies. The main competitors include:
- Payoneer: A leading platform for cross-border payments, Payoneer offers services that empower businesses to send and receive paymen
Investors
- Zhejiang Huarui Investment Holdings
- Ocean Link
- CICC
- GF Xinde Investment Management
- Eight Roads Ventures
Market Focus
PingPong primarily focuses on the cross-border payments industry, enabling companies to send, receive, and manage money globally with an emphasis on compliance and efficiency.
Company Pricing
- Free Plan: No monthly fee, allows basic usage.
- Standard Plan: Less than 1% all-inclusive fees for international payments.
- Custom Enterprise Plans: Start at $1499/month, includes SLA and audit trails.
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