Ping Raises $15M to Advance Payment Platform for Freelancers
Ping, a provider of an international digital payment solution for remote workers, contractors, and freelancers recently received $15M in seed funding to help bring its platform to the next level for digital nomads. This includes the ability to get paid in dollars or crypto currency wherever they are located.
With the surge in gig and freelance workers, Ping was originally founded to help combat payment challenges in Latin America. It's now a well-known solution used globally by individuals, organizations and companies to pay workers in their local currency.
The latest funding was provided by key investors including Y-Combinator, Race Capital, BlockTower, Danhua Capital, Signum Capital and 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 inclusivity on a global scale,” said Robin Chan, General Partner from Goat Capital. “The funds will assist Ping with its global growth; we are delighted to join Ping in its mission to provide an international payment solution for digital nomads.”
Ping was founded by Pablo Orlando, a serial entrepreneur who started his career on the floor of the stock exchange and has since founded two companies. Mary Saracco and Jack Saracco, sister and brother duo, round out the team. Mary comes from a finance background, having worked at the M&A division at UBS Investment Bank and the World Bank, and Jack brings the tech and engineering side as a crypto-native engineer.
Available for Android, iOS and on desktop, platform was built on the rails of Latamex, Latin America’s fiat-to-crypto gateway, to make it possible for anyone to create a free international account in US dollars and receive bank transfers instantly – either in their foreign currency or cryptocurrency.
Embedded in the Ping platform is the company’s invoicing system so users can send invoices directly to their employers. Users can buy and receive cryptocurrencies such as Bitcoin, Ethereum and Litecoin through Ping.
‘’Ping is the perfect solution for freelancers to get paid and for gig economy platforms like Braintrust, freelancer.com, Upwork to offer to their users,’’ said Pablo Orlando, Ping co-founder and CEO. “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.”
Edited by Erik Linask
