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ABOUT PINGPONG

Breaking down barriers in
cross-border trade

Money moves around the world every second of every day. At PingPong, we believe something so commonplace, so essential to business operations—such as sending funds to a supplier or making payments to your employees—shouldn’t be so complicated. But it often is.

That’s where we come in. PingPong’s purpose is to empower enterprises to grow globally and send, receive, and manage money with ease.

PingPong is dedicated to advancing the world of digital commerce and building long-lasting financial partnerships with global corporations, big and small.

How we got our start

PingPong’s journey began when CEO Robert Chen—armed with an MA in Mathematics and years of experience at the world’s top financial institutions—discovered the immense challenges e-commerce businesses faced when trying to expand globally.

Established in 2015 in New York by a team of close friends and professionals, PingPong was created with a mission to empower enterprises to expand globally, reach more customers, and keep more of their earnings.

With nearly a decade under its belt, PingPong has thrived, serving more than 1 million customers, obtaining 60 financial licences, and facilitating $200+ billion USD in transactions.

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COMPANY ACCOLADES

Our recent awards and recognition

World's Top 250 Fintech Startups of 2020
(CB Insights)
Top 100 Companies of 2022, Global Digital Trade Industry
(Forbes China)
Top 100 Global Cross-Border Payment Companies of 2023
(FXC Intelligence)
2023 Global Unicorns List
(Hurun)

What’s happened along
the way

2023
  • Appointed David Messenger CEO, Global Business
  • Obtained an Electronic Money Institution (EMI) licence from UK Financial Conduct Authority (FCA)
  • Approved by the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI)
  • Received Australian Financial Services Licence (AFSL) from the Australian Securities and Investment Commission (ASIC)
  • Surpassed $150 billion USD in cumulative transaction volume
2022
  • Surpassed $150 billion USD in cumulative transaction volume
2021
  • Surpassed $80 billion USD in cumulative transaction volume
  • Launched 3 new products
2020
  • Upgraded to an EMI licence in Luxembourg
  • Named one of the world’s top 250 fintech startups by CB Insights
  • Reached 1 million customers
2019
  • Reached a valuation of $1 billion USD
  • Expanded to India, Vietnam, and Singapore
2018
  • Launched Business Intelligence services and Tax SaaS products
  • Launched Working Capital Management product Light Year for e-commerce sellers
2017
  • Became the first Chinese fintech company to secure a Payment Institution (PI) Licence in Luxembourg
2016
  • Partnered with major banks and marketplaces, including Citibank, Wells Fargo, Wish, and UnionPay
  • Became a verified payment service provider on Amazon Seller Central
2015
  • Founded in New York and established headquarters in Hangzhou, China
  • Reached a monthly transaction volume of $3 million USD
  • Received Money Service Business (MSB) license by America FinCEN
  • Obtained Money Transmitter License (MTL) in multiple US states

1000+ employees. 32 offices.

13 countries. 1 team.

With offices and employees around the world, PingPong is uniquely positioned to serve companies on a global scale with local expertise.

London Office Image
London
New York Office Image
new york
San Mateo Office Image
san mateo
Xiamen Office Image
xiamen
Luxembourg Office Image
luxembourg
Bangalore Office Image
bangalore
Dalian Office Image
dalian
Zhengzhou Office Image
zhengzhou
Jaipur Office Image
jaipur
Tokyo Office Image
tokyo
Seoul Office Image
seoul
Beijing Office Image
beijing
Suzhou Office Image
suzhou
Shanghai Office Image
shanghai
Yiwu Office Image
yiwu
Hong Kong
Guangzhou
Shenzhen
built in partnership with the world's most trusted banks