Pana

Cross-border banking for Latinos in USA

Pana helps customers open a US bank account online without an SSN and lend each other money in social groups. We’re the 1st platform providing zero-fee remittances for a population that sends out $39B/yr at a 7% rate. Lead by the fmr. Head of Digital Banking at Scotiabank for LatAm, and along with co-founder and the rest of the team which comes from Rover, Rappi, and mercado libre, have all personally lived through the struggles of migrating to the USA. Latinos represent the fastest- growing -and one of the most underserved- population in the USA in part because Big Banks are not really interested in this segment or have other priorities. A good product and service like Pana that speaks to our needs and worries is long overdue.