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Palla
AddedMar 20, 2024
UpdatedJul 3, 2026
Palla

Palla

Seed

Palla: Instant P2P and bank-integrated cross-border payments.

HQ
Miami, FL, US
Founded
2020
Accelerator
Y Combinator logoY CombinatorS21
Overview
Compare
Fundraising
Employees
Website

Founded with the mission to revolutionize cross-border payments, Palla offers instant peer-to-peer (P2P) and bank-integrated payment solutions. Targeting the $65 billion annual remittance market, Palla enables users in the US to send money abroad quickly and conveniently through a mobile app. By partnering with FinTechs and financial institutions, Palla provides APIs and white-label solutions to facilitate secure, instantaneous transfers for both consumers and businesses.

Notable affiliates and investors in Palla include key figures from the FinTech industry, although specific names are not disclosed. The company has achieved significant milestones by streamlining the traditionally slow and cumbersome process of international remittances, thereby enhancing financial inclusion and convenience. Palla's impact is evident in its ability to offer secure, rapid transactions, transforming how people send money globally.

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Palla - Quick Facts

Who are Palla's competitors?

Companies similar to Palla include Nala, Ping, Afriex and Osu.

When was Palla founded?

Palla was founded in 2020.

Where is Palla's headquarters located?

Palla's headquarters is located in Miami, FL, US.

When was Palla's last funding round?

Palla's most recent funding round was for $125k (USD) in June 2021.

How much has Palla raised to-date?

As of Jun 1, 2021, Palla has raised a total of $125k (USD).

How many employees does Palla have?

Palla has 15 employees as of Feb 24, 2024.

Palla - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • Global
Model
  • Platform
Revenue
  • SaaS
  • Transactional
Customer
  • Consumers
Main Product
  • Cross-Border Payments
Tags
  • API
  • Businesses
  • Fintech
NAICS
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8740Management And Public Relations Services
  • 8742Management Consulting Services
Show 4 more industry codes
SIC
  • 6000Depository Institutions
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6282Investment Advice