CDS Startups Ping Raises $15 Million in Seed Round
Startups

Ping Raises $15 Million in Seed Round

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ping raises $15 million

Ping, the first international pay platform for freelance employees and independent contractors, announced that they closed their seed investment round with $ 15 million. Among the participants in the seed investment round were important investors such as Race Capital, Y-Combinator, BlockTower, Danhua Capital, Signum Capital and Goat Capital. Ping will develop its platform much better with the capital obtained in the seed round. In this way, people working online can receive their payments in dollars or cryptocurrencies quickly and with low fees wherever they are. 

Ping was originally founded to solve pay problems in Latin America, but later aimed to provide solutions for independent contractors and freelancers all over the world. Ping was founded on Latamex, the largest fiat-to-crypto gateway platform in Latin America, by Pablo Orlando and brothers Mary and Jack Saracco. 

From the Investment Round

Pablo Orlando, Co-founder and CEO:  ‘Ping is the perfect solution for freelancers to get paid and for gig economy platforms like Braintrust, freelancer.com, and Upwork to offer to their users. We established a platform that ultimately helps democratize access to higher paid jobs as a result of remote work. Ping enables freelancers and contractors globally to see the possibility of earning in dollars and saving in an account in the USA as the highest possible dream.’

Robin Chan, General Partner from Goat Capital

“Ping’s digital platform is the first of its kind for Latin America, and efficiently remedies ongoing payment issues with a mission to provide financial inclusion on a global scale. We pride ourselves on investing in projects led by proven serial entrepreneurs. The funds will assist Ping with its global growth – we will join Ping in its mission to provide an international payment solution for digital nomads.”

The Ping platform allows individuals or companies to create an account instantly for free and receive bank transfers in foreign currency or cryptocurrency. In addition, it is possible to invoice the work or service performed on demand on this platform. In addition to all this, users can buy or sell cryptocurrencies such as Bitcoin, Ethereum and Litecoin via Ping. Ping’s application is currently available in both Android and iOS stores. 

About Ping

Ping is the first international digital pay solution established in 2022 to simplify global payouts. Created to combat pay challenges in Latin America, the company offers solutions globally now. It eliminates international pay barriers for remote employees, contractors and freelancers.

Ping allows knowledge workers to access their pay globally and receive payments in local currencies, both fiat and crypto, wherever they are. This is not just another pay platform, it is a truly comprehensive service that allows you to save time, reduce costs and achieve greater efficiency.

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Written by
Burak DANACI

The author focused on financial markets after graduating from Anadolu University, Department of Economics. After meeting with blockchain technology in 2019, he produces content on youtube and twitter in this field.

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