Ping Analysis: $15M Raised
What is Ping?
Ping provides a platform for individuals and companies to manage finances, enabling global payments in both fiat currencies and cryptocurrencies.
Product Features & Capabilities
- Open a US dollar account, receive payments globally, manage money in fiat and cryptocurrencies, send and manage invoices, create recurring invoices, instant conversion to cryptocurrencies, international card with no fees, identity validation for account setup.
How much Ping raised
1 - $15 million
November 9, 2021Lead Investor: Y Combinator, Race Capital, BlockTower, and others
Who are the founders of Ping
Market Focus
Ping primarily focuses on the financial technology (fintech) industry, providing a platform for managing finances, including sending and receiving payments in both fiat currencies and cryptocurrencies.
Competitors Overview
Ping's main competitors in the financial technology market include:
- Square: Known for its robust point-of-sale solutions, Square has raised significant funding totaling $520 million. It offers a wide range of services for retail businesses, making it a strong player in the payment processing
Investors
- Y Combinator
- BlockTower Capital
- Race Capital
- Danhua Capital
- Signum Capital
- DHVC
- 4 other investors (specific names not disclosed)
Business Model
Subscription fees and transaction fees from financial services and data management.
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