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Pana
AddedFeb 17, 2024
UpdatedJul 4, 2026
Pana

Pana

Seed

Pana: Digital banking for US Hispanics, offering easy account setup without SSN and fast remittances.

HQ
Windermere, FL, US
Founded
2021
Accelerator
Techstars logoTechstars: Boulder2014
Accelerator
Y Combinator logoY CombinatorS22
Overview
Compare
Fundraising
Employees
Website

Pana, founded by former Head of Digital Banking at Scotiabank for LatAm, is a cross-border challenger bank focused on the 62 million Hispanics in the USA. The company's core mission is to provide accessible financial services to this underserved population. Pana offers products such as US bank accounts that can be opened online without an SSN and nearly real-time remittance services to Latin America, Europe, and the Philippines at competitive rates. Their vision is to empower the Hispanic community with seamless digital banking solutions.

Notable figures in Pana include co-founders and team members from prominent companies like Rover, Rappi, and Mercado Libre, who have firsthand experience with the challenges of migrating to the USA. Pana has achieved significant milestones, including serving over 10,000 active users and offering additional services like legal consultations, tax advisory, ITIN number processing, and AT&T phone plans. Their impact lies in bridging financial gaps for the fastest-growing Hispanic population in the United States.

Pana - Quick Facts

When was Pana founded?

Pana was founded in 2021.

Where is Pana's headquarters located?

Pana's headquarters is located in Windermere, FL, US.

When was Pana's last funding round?

Pana's most recent funding round was for $1.7M (USD) in July 2022.

How much has Pana raised to-date?

As of Jul 13, 2022, Pana has raised a total of $2.5M (USD).

How many employees does Pana have?

Pana has 14 employees as of Apr 4, 2024.

Pana - Classification

Ownership
  • Private
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • United States
Revenue
  • Recurring
  • Transactional
Customer
  • Consumers
Main Product
  • Financial Services
  • Remittances
Tags
  • Financial
  • Mobile Payments
  • SaaS
NAICS
  • 520000Finance and Insurance
SIC
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6282Investment Advice
Show 9 more industry codes
NAICS
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 6000Depository Institutions
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 6090Functions Related To Depository Banking
  • 8740Management And Public Relations Services
  • 6099Functions Related To Depository Banking, Not Elsewhere Classified
  • 8742Management Consulting Services