When was PingPong Payments founded?

PingPong Payments was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is PingPong Payments located?

PingPong Payments is headquartered in London, United Kingdom.

Who is the current CEO of PingPong Payments?

Yu Chen of PingPong Payments. They have also founded 1 company.

How many employees does PingPong Payments have?

As of Aug 31, 2026, the latest employee count at PingPong Payments is 620.

Is PingPong Payments a funded company?

PingPong Payments is a funded company, having raised a total of $124M across 5 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Sep 10, 2015.

When was the latest funding round of PingPong Payments?

PingPong Payments' latest funding was a $***** Series C round on Sep 20, 2018, with participation from 4 investors. Its primary sector is Digital Remittance. In United Kingdom, the Digital Remittance sector has seen $103M in funding in 2026 to date.

Where does PingPong Payments rank among its competitors?

PingPong Payments ranks 37th amongst 3918 active competitors, of which 359 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of PingPong Payments?

PingPong Payments' top competitors include Payoneer, Remitly and Flutterwave. Among them, Flutterwave secured the most recent funding round in July, 2026.

PingPong Payments - 2026 Company Profile, Team, Funding & Competitors

Company Details

Online platform providing cross-border business payment solutions. The company offers a platform for users to manage digital remittance across the borders. It also helps in cross-border e-commerce payments for businesses.

Website: www.international.pingpongx.com/
Social
Email ID: *****@pingpongx.com

Key Metrics

Founded Year

2015

Location

London, United Kingdom

Stage

Series C

Total Funding

$124M in 5 rounds

Latest Funding Round

Series C, Sep 20, 2018, $*****

Investors

CBC Capital & 12 more

Ranked

37^th among 3918 active competitors

Employee Count

620 as on Aug 31, 2026

Similar Companies

Payoneer & 645 more

View PingPong Payments' full profile

PingPong Payments is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PINGPONG GLOBAL SOLUTIONS INC CIN: 47-3486706 , United States, Active	May 10, 2022	-	26 (As on Dec 31, 2024)	-
PINGPONG PAYMENT (UK) LIMITED CIN: 12602063 , United Kingdom, Active	May 14, 2020	-	12 (As on Dec 31, 2024)

PingPong Payments has raised a total funding of $124M over 5 rounds. Its first funding round was on Sep 10, 2015. Its latest funding round was a Series C round on Sep 20, 2018 for $*****. 4 investors participated in its latest round. PingPong Payments has 13 institutional investors.

Here is the list of recent funding rounds of PingPong Payments:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 20, 2018	4864477	Series C	7602638	1518426	5375158	3345730
Mar 21, 2018	4100978	Series B	8044024	5630897	2842029	6721248
Mar 13, 2017	4070319	Series B	5341365	6340395	GF Xinde Investment Management	9871873

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View details of PingPong Payments's funding rounds and investors

The founders of PingPong Payments is Yu Chen. Yu Chen is the CEO of PingPong Payments.

Here are the details of PingPong Payments' key team members:

Yu Chen: Founder & CEO of PingPong Payments.
Contact Info: 2 email addresses

View details of PingPong Payments's Founder profiles and Board Members

PingPong Payments' employee count trend

PingPong Payments has 620 employees as of Aug 26. Here is PingPong Payments's employee count trend over the years:

Employee count trend for PingPong Payments

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Top competitors of PingPong Payments include Payoneer, Remitly and Flutterwave. Here is the list of Top 10 competitors of PingPong Payments, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Payoneer 2005, New York City (United States), Acquired	Provider of cross-border payment solutions for freelancers, businesses, and marketplaces	$269M	TCV, Wellington & 23 others	84/100
2nd	Remitly 2011, Seattle (United States), Public	Provider of international money transfer services with multiple delivery options	$436M	Generation Investment Management, PayU & 39 others	84/100
3rd	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 73 others	83/100
4th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	83/100
5th	Wise 2011, Shoreditch (United Kingdom), Public	Provider of international money transfer and multi-currency	$397M	Valar Ventures, Baillie Gifford & 105 others	82/100
6th	Ebury 2009, London (United Kingdom), Acquired	Provider of global payment solutions, currency risk management, and business lending	$374M	Vitruvian Partners, 83NORTH & 17 others	79/100
7th	PayU 2002, Amsterdam (Netherlands), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	79/100
8th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	RRE Ventures, Lerer Hippeau & 8 others	76/100
9th	Thunes 2016, Singapore (Singapore), Series D	Provider of a global payment infrastructure platform for businesses and financial institutions to facilitate cross-border transactions	$362M	Marshall Wace, Vitruvian Partners & 19 others	73/100
10th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, Durable Capital Partners & 24 others	73/100
37th	PingPong Payments 2015, London (United Kingdom), Series C	Online platform providing cross-border business payment solutions	$124M	General Atlantic, Seeders & 11 others	63/100