Palla enables instant P2P payments from the US to other countries, a $65BN a year market. Sending and receiving remittances today is slow, time consuming and inconvenient for all parties, as it's a mostly cash based process.
Palla is a Y Combinator company in the Summer 2021 batch. Its directory entry describes it as: P2P Cross border payments. The founders listed are Enrique Perezalonso (Founder), Andrew Mason (Founder) (Y Combinator directory entry, July 21, 2021).
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New accelerator entry · 2021-07-21 · the record
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Palla enables instant P2P payments from the US to other countries, a $65BN a year market. Sending and receiving remittances today is slow, time consuming and inconvenient for all parties, as it's a mostly cash based process. With Palla, senders in the US can do it in a few taps of their phone and receivers get their money in seconds.
Checked away from the directory entry. What is below does not come from the company's Y Combinator page.
The platform for instant cross-border P2P payments. Built for Fintechs and FIs.
The title and description the site itself served, answering 200. Not a cached copy and not the company's directory entry — what was live when we asked.
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 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
Founders, titles and bios as the company published them. Photographs are our own copies of the ones on that record, so they do not break when the original link expires.
No investor is drawn from a Form D — the form states how many invested and never who. The one investor on this graph is named because a batch has exactly one.
Example from a real report (our sample on Target): “Target eliminated approximately 1,800 corporate positions, with around 1,000 employees receiving layoff notices and the remainder accounted for by eliminating open roles.” Source: NBC News
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