Palla

P2P Cross border payments

Y CombinatorSummer 2021ActiveFintechPayments

What they do

Problem

Cross-border remittances from the US are slow, inconvenient, and often require cash-based processes for senders and receivers.

Solution

Palla is a mobile app that enables instant P2P cross-border payments from the US so recipients receive funds in seconds.

Who it's for

Individuals in the US sending money abroad and recipients in other countries receiving remittances.

Founders

Enrique Perezalonso

Founder

Enrique has over 25 years of experience in traditional FIs and Fintech companies, managing marketing, product, operations and sales functions. He has an MBA from the MIT Sloan school of Management and has worked for McKinsey & Co. and other consulting companies. He's bilingual (in Spanish) and has lived in Mexico, England and the US.

Andrew Mason

Founder

Andrew is the CoFounder and Head of Product for Palla. He previously was the CPO for Lana, a US neobank co-created by BCG. He led product initiatives for BCG corporates and prior to that startups including Intel Capital-backed FlashGrade. YC Badge: 0x322737040ad9462049f906a2d6c06ff7f8b7a656