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Pana

A Global Bank on Chain

The first secure, end-to-end global USD account, seamlessly integrating fiat and stablecoins across 125 countries for direct-to-bank settlement—no liquidity providers, no SWIFT, no intermediaries. Both sender and receiver use the Pana app and wallet for a frictionless, real-time cross-border payment experience.
Active Founders
Piero del Risco
Piero del Risco
Founder
Luis Peña
Luis Peña
Founder
Pana
Founded:2022
Batch:S22
Team Size:14
Status:
Active
Location:Miami, FL
Group Partner:Brad Flora
Company Launches
Pana: Challenger bank for fastest-growing population in the USA 💵📲
See original launch post

TL;DR:

Banking app for 62M Latinos in the US by a team out of Scotiabank’s Digital Factory & 3 consumer-focused Unicorns

Problem

Latinos are all looking for a banking product that speaks to our needs and worries

Solution

We’re building a new banking experience that starts by solving key pain-points:

  • Opening a US-Bank account online (linked to a Visa Debit Card) with just a passport instead of having to visit a bank branch with a painful paperwork when lacking an SSN
  • A friendly banking app with Group Chats we can join to lend or borrow money from each other globally instead of relying on Alternative Financial Services or cash
  • Sending remittances in minutes with zero fees vs paying on ave. 6% ($18 for the ave. $300 monthly remittance)

Team

We’ve previously built Digital Banking products for millions of customers in LatAm and have personally lived through the struggles of migrating to the USA.

Now, we’re on a mission to remove financial barriers for Latinos in the USA and we’re doing it with a social approach because we all know that not everyone might need a bank, but everyone needs a Pana (Spanish for pal).

Our ask:

  • Try out Pana & help us spread the word (IG/FB/in/Twitter)
  • Let us know of any business you know whose employees or potential buyers lack a bank account. Our product solves one of their biggest headaches