Ping, a global payment platform for freelancers and contractors, has netted $15m in a seed funding round.
The round saw participation from investors such as Y-Combinator, Race Capital, Signum Capital, Goat Capital, Danhua Capital and BlockTower.
The company claims it is now the official global solution for remote workers, contractors, and freelancers.
Ping said its platform enables any individual, organization or company to create a free international account in US dollars and receive bank transfers – either in their foreign currency or cryptocurrency – instantly.
Embedded in the platform is Ping’s invoicing system where users can send invoices directly to their employers. Additionally, users can buy and receive cryptocurrencies such as Bitcoin, Ethereum and Litecoin through Ping.
The funds will be used to further propel and expand the firm’s platform to enable digital nomads to get paid in dollars or crypto and offramp their salaries to local currencies. The investment will also be allocated towards team expansion, hires for marketing and sales.
Ping CEO and co-founder Pablo Orlando said, “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.
“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.”
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