PingLend Overview

  • Year Founded
  • 2020

Year Founded

  • Status
  • Private

  • Employees
  • 16

Employees

  • Latest Deal Type
  • Later Stage VC

  • Investors
  • 15

PingLend General Information

Description

Provider of asset-backed credit services intended for financial accessibility. The company provides secure credit using valuables as collateral, offering a digital card for immediate use and a physical card later, enabling individuals with limited credit history to build credit and access financial services without selling their assets.

Contact Information

Website
www.getpesto.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 2093 Philadelphia Pike
  • Suite 9222
  • Claymont, DE 19703
  • United States
Primary Industry
Consumer Finance
Other Industries
Financial Software
Vertical(s)
FinTech
Corporate Office
  • 2093 Philadelphia Pike
  • Suite 9222
  • Claymont, DE 19703
  • United States

PingLend Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

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PingLend Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Later Stage VC 01-Sep-2025 Completed Generating Revenue
3. Early Stage VC (Series A) 25-May-2023 Completed Generating Revenue
2. Early Stage VC 13-Oct-2021 $125K Completed Generating Revenue
1. Accelerator/Incubator 15-Apr-2021 $125K $125K Completed Generating Revenue
To view PingLend’s complete valuation and funding history, request access »

PingLend Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A-3
Series A-2
Series A-1
Series A-6
Series A-5
Series A 3,418,301 $0.000010 $1.97 $1.97 1x $1.97 0%
Series A-4 935,227 $0.000010 $0.13 $0.13 1x $0.13 1%
To view PingLend’s complete cap table history, request access »

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PingLend Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of asset-backed credit services intended for financial accessibility. The company provides secure credit using
Consumer Finance
Claymont, DE
16 As of 2023

Des Moines, IA
 

Charlotte, NC
 
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PingLend Competitors (8)

One of PingLend’s 8 competitors is Dwolla, a Private Equity-Backed company based in Des Moines, IA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Dwolla Private Equity-Backed Des Moines, IA
Paymentus Holdings Private Equity-Backed Charlotte, NC
VSoft (Duluth) Formerly PE-Backed Duluth, GA
LendFoundry Formerly Accelerator/Incubator backed Irvine, CA
MANTL Formerly VC-backed Jersey City, NJ
You’re viewing 5 of 8 competitors. Get the full list »

PingLend Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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PingLend Investors (15)

Investor Name Investor Type Holding Investor Since Participating Rounds
Collaborative Fund Venture Capital Minority
TruStage Ventures Corporate Venture Capital Minority
Activant Capital Venture Capital Minority
Commerce Ventures Venture Capital Minority
Core Innovation Capital Venture Capital Minority
You’re viewing 5 of 15 investors. Get the full list »

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PingLend FAQs

  • When was PingLend founded?

    PingLend was founded in 2020.

  • Where is PingLend headquartered?

    PingLend is headquartered in Claymont, DE.

  • What is the size of PingLend?

    PingLend has 16 total employees.

  • What industry is PingLend in?

    PingLend’s primary industry is Consumer Finance.

  • Is PingLend a private or public company?

    PingLend is a Private company.

  • What is PingLend’s current revenue?

    The current revenue for PingLend is .

  • How much funding has PingLend raised over time?

    PingLend has raised $11.1M.

  • Who are PingLend’s investors?

    Collaborative Fund, TruStage Ventures, Activant Capital, Commerce Ventures, and Core Innovation Capital are 5 of 15 investors who have invested in PingLend.

  • Who are PingLend’s competitors?

    Dwolla, Paymentus Holdings, VSoft (Duluth), LendFoundry, and MANTL are some of the 8 competitors of PingLend.

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