Neobank company Ping has managed to raise $15 million in funding from a seed investment round backed by powerful names.
Investment rounds and seed financings continue unabated in the crypto industry. In particular, serious support is provided to projects that will bring innovation and difference to the sector. Projects that stand out in seed investment rounds manage to receive million-dollar investments by capital companies. The projects that emerged with these investments had the opportunity to make a strong entry into the market. One of them, Ping, raised $15 million in a seed investment round with capital companies.
Y Combinator Supported Project: Ping
Founded in 2021, the US-based company quickly started its activities. It managed to realize a transaction volume of 1 million dollars in the first few months of its establishment. The platform was launched by Y Combinator about four months ago.
Offering Neobank service, Ping aims to create an international network. The company will make moves for those working in digital media and the free market sector. The platform focused on dollar-denominated payment transactions and local currency conversion processes. In addition, platform users will be able to create bank accounts on the platform.
Ping co-founder Jack Saracco underlined that they will gradually expand.
44813
