# PingPong

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

- Industry: Financial Services
- Headquarters: Hangzhou, China
- Website: www.pingpongx.com
- Latest round: Series D (Mar 1, 2019)
- Investors on record: 8

## About

Established in 2015 and based in Hangzhou, PingPong provides integrated financial services to cross-border retailers. It focuses on cross-border payment, bilateral compliance and risk management controls. The company is headquartered in Hangzhou and has branches in Shanghai, Shenzhen, Guangzhou, Ningbo, Xiamen, Zhengzhou, Quanzhou, Hong Kong, San Mateo, and New York.

The company’s main business is providing cost-effective cross-border payment solutions and tailored financial services for e-commerce sellers. The company’s self-developed SaaS solutions, such as the cross-tax cloud service platform, are designed to streamline compliance services for cross-border businesses.

The company generates revenue by offering subscription-based SaaS solutions for cross-border compliance, charging transaction fees for cross-border payments, and providing value-added financial services to its clients.

## Funding rounds

- Series D, Mar 1, 2019 — CBC Capital, Cybernaut Investment Group, Sinowisdom, Ocean Link, Pro Capital, Yizheng Heaven Asset Management
- Series B, Mar 13, 2017 — Eight Roads Ventures, GF Xinde Investment
- Series A, Aug 1, 2016 — Eight Roads Ventures

## Investors

- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series A, Series B
- GF Xinde Investment (https://capitalatlas.ai/funds/gf-xinde-investment) — Series B
- CBC Capital (https://capitalatlas.ai/funds/cbc-capital) — Series D
- Cybernaut Investment Group (https://capitalatlas.ai/funds/cybernaut-investment-group) — Series D
- Sinowisdom (https://capitalatlas.ai/funds/sinowisdom) — Series D
- Ocean Link (https://capitalatlas.ai/funds/ocean-link) — Series D
- Pro Capital (https://capitalatlas.ai/funds/pro-capital) — Series D
- Yizheng Heaven Asset Management (https://capitalatlas.ai/funds/yizheng-heaven-asset-management) — Series D