Ping, the primary world cost platform for freelancers and contractors, right this moment introduced a $15 million seed funding spherical from key buyers together with Y-Combinator, Race Capital, BlockTower, Danhua Capital, Signum Capital and Goat Capital.
The funds will additional propel and increase Ping’s platform to allow digital nomads to receives a commission in {dollars} or crypto, wherever they’re, and offramp their salaries to native foreign money in an environment friendly and cost-effective manner. .
Initially created to fight cost challenges in Latin America, the corporate is now the official world answer for distant employees, contractors, and freelancers. Constructed on the rails of Latamex, Latin America’s largest fiat-to-crypto gateway, Ping was based by the Argentine-native staff Pablo Orlando, serial entrepreneur with 2+ exits within the fintech and client house, and brother and sister duo Mary Saracco and Jack Saracco. The staff comes from each a crypto and monetary background having labored at UBS Funding Financial institution, World Financial institution, Deloitte and the Inventory Change of Buenos Aires.
‘’Ping is the proper answer for freelancers to receives a commission and for gig economic system platforms like Braintrust, freelancer.com, Upwork to supply to their customers,’’ stated Pablo Orlando, Co-founder and CEO. “We established a platform that finally helps democratize entry to greater paid jobs because of distant work. Ping permits freelancers and contractors globally to see the opportunity of incomes in {dollars} and saving in an account within the USA as the best doable dream.”
The Ping platform permits any particular person, group or firm to create a free worldwide account in US {dollars} and obtain financial institution transfers – both of their international foreign money or cryptocurrency – immediately. Embedded within the platform is Ping’s invoicing system the place customers can ship invoices on to their employers. Moreover, customers can purchase and obtain cryptocurrencies comparable to Bitcoin, Ethereum and Litecoin via Ping. It’s dwell in each Android and iOS app shops and has a desktop view.
“Ping’s accessible digital platform is the primary of its form, and strategically and effectively treatments ongoing cost points worldwide with a mission to offer monetary inclusivity on a worldwide scale,” stated Robin Chan, from Goat Capital. “We delight ourselves on investing in visionary initiatives led by revolutionary technologists, and are delighted to hitch Ping in its mission to offer a global cost answer for digital nomads.”
The funds raised shall be allotted towards staff enlargement, hires for advertising and marketing and gross sales.