Palla
YC S21Founded 2020 · 22 employees · 24 known investors
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Palla provides APIs and white-label solutions for fintech companies and financial institutions to enable peer-to-peer payments and cross-border transfers in seconds across 180+ countries. The platform offers instant transfers 24/7 with built-in security and compliance features.
Also known as Palla App · Palla Financial Inc.
Founders & leadership· Y Combinator alumni (S21)
Palla was founded in 2020 by Enrique Perezalonso and Andrew Mason.


Investors · 24
How we know: 2080 Ventures's portfolio page · Not right? Tell us
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How we know: Cowboy Ventures's portfolio page · funding news · refreshmiami.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: First Check Ventures's portfolio page · funding news · the VCSheet dataset · research · fintech.global · Not right? Tell us
How we know: Florida Opportunity Fund's portfolio page · Not right? Tell us
How we know: Magma Partners's portfolio page · Y Combinator's founder network · Not right? Tell us
How we know: the VCSheet dataset · Y Combinator's founder network · Not right? Tell us
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How we know: Revolution's portfolio page · funding news · Not right? Tell us
How we know: Y Combinator's founder network · somacap.com · Not right? Tell us
How we know: the Y Combinator directory · funding news · refreshmiami.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: refreshmiami.com · funding news · Y Combinator's founder network · Not right? Tell us
How we know: funding news · refreshmiami.com · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
Also in the syndicate · 3
Funding
SEC filings, press & company announcements$14.5M disclosed across 1 of 2 rounds · 2025
- $14.5MSeries AMay 2025 · 7 sources
Revolution Ventures (lead), Ardent, Cowboy Ventures, Dash Fund, DeepWork Capital, Evolution VC, First Check Ventures, Meta Fund, Uncommon Capital, Vitalize, Y Combinator
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Palla, legally Palla Financial Inc., is a cross-border payments company that enables instant peer-to-peer money transfers from the United States to other countries. Its stated focus is remittance-style transfers, where senders in the US initiate a payment from their phone and recipients abroad receive funds in seconds, including directly to a debit card. The company positions this against a traditional remittance process it describes as slow, time-consuming and largely cash-based.
The product is delivered to institutions rather than only to end consumers. Palla offers a suite of APIs, embeddable pre-built payment components (payment links, transfer connections, transfer profiles, an FX calculator, transaction history and receipts) and fully white-labeled applications that partners can launch under their own brand. Palla handles FX, payment-rail optimization, KYC, compliance screening and partner banking on behalf of its partners. Its public API documentation references a v3 stable API with idempotency, webhooks and HMAC signing.
The company was founded in 2020 and took part in Y Combinator's Summer 2021 batch. Its site states it is live in the US–Ecuador corridor and shows illustrative flows for US-to-Mexico and US-to-Colombia transfers. As of the company's 2025 materials, Palla reported more than 50 live corridors, a median transfer time under 10 seconds, and more than 2.5 million enrolled users, with a footnote stating that 90% of transfers complete within 120 seconds.
Founding story
Palla was founded in 2020. Its founders include Enrique Perezalonso, who serves as CEO and has an MBA from MIT Sloan and prior experience at McKinsey & Co. and in traditional financial institutions and fintechs across Mexico, England and the US; Andrew Mason, co-founder and Chief Product Officer, previously CPO of Lana, a US neobank co-created by BCG, and earlier a product leader at BCG and at Intel Capital-backed FlashGrade; and Gregory Piccolo, co-founder and CTO.
Business model
Palla sells cross-border payment infrastructure to banks, fintechs, marketplaces and enterprises, which embed Palla's P2P payment flows into their own applications either through APIs and pre-built components or via fully white-labeled apps. Palla operates the underlying FX, rail routing, compliance and partner-banking layer.
Consumer-facing transfer flows shown on the company's site display a per-transfer fee (illustrated at $2.99) plus an applied exchange rate; the site also refers to corridor-level economics discussed with prospective partners.
Traction
As of its 2025 site, Palla reported over 50 live corridors, more than 2.5 million enrolled users, a median transfer time under 10 seconds and 99.999% platform uptime in 2025. At its May 2025 Series A it reported over 30 partnerships with financial institutions and distribution networks reaching a potential user base of more than 150 million people. A published partner case study cites $100m+ in international deposits, 10 weeks from kickoff to launch, an 8-second median transfer time and 250,000+ enrolled users. Team size was listed at 22.
Latest developments
In May 2025 Palla closed a $14.5m Series A led by Revolution Ventures, with Revolution managing partner David Golden and Heidi Miller, former president of JPMorgan International, joining the board. The company said it would use the capital to add payment corridors, launch new money-movement features, broaden its product offering and scale operations, with additional integrations planned before year-end.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Palla describes the US outbound P2P payments market it addresses as worth $65bn a year and positions itself as an infrastructure provider that lets institutions offer instant international transfers within their own channels rather than through separate third-party remittance apps.
Palla emphasizes settlement speed (median transfer times of under 10 seconds, with 90% of transfers completing within 120 seconds), delivery of funds directly to recipients' debit cards, and a packaged infrastructure approach in which partners can launch a compliant cross-border P2P experience quickly using pre-built components or white-labeled applications instead of building FX, compliance and banking connectivity themselves.
Technology
Palla provides a versioned REST API (v3, described as stable) that is idempotent by default and supports webhooks with HMAC signing, alongside embeddable UI blocks for payment links, transfer connections, transfer profiles, FX calculation, history and receipts. The platform handles real-time FX, rail optimization, KYC, sanctions and AML screening, reporting and reconciliation. The company cites a 200ms p50 API response time and 99.99%–99.999% platform uptime.
Go-to-market
Palla goes to market through partnerships and embedded distribution, offering partner walkthroughs of its API, checkout and corridor economics, and by integrating with financial institutions and distribution networks that provide access to end users. It reported more than 30 such partnerships as of May 2025.
Banks seeking to open cross-border corridors; fintechs including neobanks, wallets and lending platforms; marketplaces and two-sided platforms, exchanges and B2B networks; and large multinational enterprises needing instant consumer and business disbursements. End users are consumers sending remittances from the US abroad.
Geography
Headquartered in the United States, with outbound corridors from the US and stated live operation in the US–Ecuador corridor; illustrative flows cover Mexico and Colombia. The company markets itself as trusted by partners across the Americas and, following its Series A, planned expansion across Latin America and the Caribbean with further global expansion planned.
History
The company was founded in 2020 and participated in Y Combinator's Summer 2021 batch, with Aaron Epstein as primary partner. Cowboy Ventures backed the company at the seed stage. In May 2025 Palla announced a $14.5m Series A led by Revolution Ventures, at which point it reported partnerships with more than 30 financial institutions and distribution networks. A privacy policy issued under the name Palla Financial Inc. took effect 30 September 2025.
Compiled by commissioned research from 11 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Related companies · 5
Companies working in the same space as Palla.
Timeline · 4
launches, deals, and filingsPalla secured $14.5m in a Series A round led by Revolution Ventures to scale its international payments platform, extend payment corridors and launch new money-movement features.
$14.5M source ↗
As part of the Series A, Revolution Ventures managing partner David Golden and Heidi Miller, former president of JPMorgan International, joined Palla's board.
The company stated it had partnered with over 30 financial institutions and distribution networks, giving it a potential user base of more than 150 million people, with more integrations set to launch before year-end.
Palla was part of Y Combinator's Summer 2021 batch, with Aaron Epstein as primary partner.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
Frequently asked questions
- What does Palla do?
- Palla is a US cross-border payments company providing APIs and white-label products for instant P2P transfers.
- Who founded Palla?
- Palla was founded by Enrique Perezalonso, Andrew Mason in 2020.
- Who are Palla's investors?
- Palla's investors include 2080 Ventures, Adventure Fund, Ardent Venture, Cowboy Ventures, Evolution Ventures, First Check Ventures, Florida Opportunity Fund, Magma Partners and 13 more.
- How much funding has Palla raised?
- Palla has disclosed $14.5M raised across 1 of its 2 known rounds.













