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PingPong joins Kanmon to launch its embedded lending solution

By Gloria Mathias

June 17, 2024

  • APAC news
  • Asia News
  • B2B Cross Border Payments

PingPong, MODIFI, Singapore Fintech Festival, Payments Partnership, Payments Solutions, Digital Trade Finance, B2B Cross border Payments, Business Payments, ASIA News, APAC news, China News, Fintech News, Fintech news, Kanmon, Embedded Lending solutions, PingPong, the global cross-border payments platform and business network, has announced the launch of its embedded lending solution.

This enables US enterprises of all sizes to facilitate global, cross-border growth. PingPong is expanding its value-added services to deliver fast and seamless access to financing by partnering with Kanmon, an embedded lending solution provider.

PingPong helps enterprises integrate its platform into their existing software, workflows, and payment systems, enabling them to manage their cross-border payments and drive expansion seamlessly.

Kenny Tsang, Managing Director of PingPong, said, “As part of our efforts to help make cross-border payments easier and ecommerce merchants grow faster, we are proud to partner with Kanmon to develop our embedded lending offering and empower US customers to scale their businesses – when and where they need it most.”

Kenny added, “This marks an important milestone for our value-added service offerings. We plan to onboard new partners and features to our platform as we adapt to the evolving needs of US merchants. Amid global supply chain and interest rate challenges, businesses require agile partners to support them at critical junctures. PingPong is committed to fostering US business growth through our expanding suite of services.”

PingPong US customers will have access to fixed-term loans or accounts payable financing through the PingPong platform. The financing options enable businesses to access funding to grow faster, prepare for peak sales periods, replenish their inventory faster and invest in their business operations.

Kanmon CEO Mengxi Lu shared, “Kanmon’s integration with PingPong has been a seamless and straightforward process. We are thrilled to offer a streamlined, end-to-end digital application process, delivering an exceptional financing experience to PingPong’s US customers entirely through the PingPong platform. Our integrated solution allows us to quickly develop tailored services for partners like PingPong, helping businesses stay competitive and grow in challenging economic environments.”

PingPong plans to aggressively grow its partner program by integrating more third-party service providers into its platform and expanding its services to US customers. This move is critical for US businesses, enabling them to seize opportunities arising from an improved economic outlook.

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