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 1+ million customers, obtaining 55 financial licences, and facilitating $150+ billion USD in transactions.
Our recent awards and recognition
(CB Insights)
(Forbes China)
(Hurun)
What’s happened along the way
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
Surpassed $100 billion USD in cumulative transaction volume
Surpassed $80 billion USD in cumulative transaction volume
Launched 3 new products
Upgraded to an EMI licence in Luxembourg
Named one of the world’s top 250 fintech startups by CB Insights
Reached 1 million customers
Reached a valuation of $1 billion USD
Expanded to India, Vietnam, and Singapore
Launched Business Intelligence services and Tax SaaS products
Launched Working Capital Management product Light Year for e-commerce sellers
Became the first Chinese fintech company to secure a Payment Institution (PI) Licence in Luxembourg
Launched in Japan
Partnered with major banks and marketplaces, including Citibank, Wells Fargo, Wish, and UnionPay
Became a verified payment service provider on Amazon Seller Central
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. 30 offices.
11 countries. 1 team.
With offices and employees around the world, PingPong is uniquely positioned to serve companies on a global scale with local expertise.
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