# PingPlusPlus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pingplusplus

- Industry: Software
- Headquarters: Shanghai, China
- Website: www.pingxx.com
- Total disclosed funding: $10M
- Latest round: Series B (Jan 4, 2016)
- Investors on record: 4

## About

PingPlusPlus is a payment technology company that specializes in providing integrated multi-channel payment solutions, enhancing transaction efficiency for businesses in various sectors.Founded in 2014, Ping++ operates as a payment technology provider based in Shanghai, China. The company has pivoted towards comprehensive payment solutions, integrating various payment methods into a single platform. Ping++ has raised USD 10.00 mn in Series B funding, led by CBC Capital and including investments from Linear Venture, Sequoia Capital, and Shengjing 360 Group. The latest funding round occurred on January 4, 2016, marking a significant step in their growth strategy.Ping++ offers a comprehensive suite of payment solutions primarily focused on facilitating multi-channel payment processing and revenue sharing for businesses. Their core product, the Ping++ aggregation payment system, integrates various payment methods into a single platform, aiding e-commerce merchants and service providers in streamlining their payment processes. This system addresses the complexities of payment reconciliation, enabling clients to efficiently manage financial operations such as order financing, member management, and inventory tracking. The company serves a diverse clientele, including e-commerce platforms, healthcare service providers, and fitness brands, primarily within the Chinese market, with potential applications in broader Asian markets. Clients have leveraged Ping++ to implement compliant revenue sharing systems and improve operational efficiency.Ping++ generates revenue through its payment processing solutions, which operate on a transaction-based model. Clients are charged fees based on the volume of transactions processed through the Ping++ platform, accommodating varying business scales from small enterprises to larger corporations. For instance, an e-commerce retailer utilizing the Ping++ platform processes customer payments, where a percentage of each transaction is retained by Ping++ as service fees. The company also offers tailored subscription plans for businesses seeking additional features or higher transaction limits. Their flagship product, the aggregation payment system, optimizes revenue distribution among partners, enhancing overall transaction efficiency.In January 2016, Ping++ raised USD 10.00 mn in Series B funding, which will be utilized to support the development of new products designed to further streamline payment processes and expand their service offerings. The company aims to penetrate new markets in Asia, focusing on regions such as Southeast Asia by 2018, leveraging its successful model in China. Recent funding will play a crucial role in facilitating these expansion efforts and enhancing their technological infrastructure.

## Funding rounds

- Series B, Jan 4, 2016, $10M — Hong Shan, CBC Capital, Shengjing 360 Group, Linear Capital
- Seed, Jun 1, 2014 — Linear Capital

## Investors

- Linear Capital (https://capitalatlas.ai/funds/linear-capital) — Seed, Series B
- Hong Shan — Series B
- CBC Capital (https://capitalatlas.ai/funds/cbc-capital) — Series B
- Shengjing 360 Group — Series B