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§ Private Profile · Miami, FL, USA
P2P Cross border payments
Palla has raised $15.0M across 1 funding round.
Key people at Palla.
Palla was founded in 2020 by Andrew Mason (Founder) and Enrique Perezalonso (Founder) and Greg Piccolo (Founder).
Palla has raised $15.0M in total across 1 funding round.
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.
Palla has raised $15.0M across 1 funding round. Most recently, it raised $15.0M Series A in May 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2025 | $15M Series A | Revolution Ventures, David Golden | Alpaca VC, Krillion Ventures, Ardent Venture Partners, Cowboy Ventures, Dash Fund, DeepWork Capital, Evolution Ventures, First Check Ventures, Meta Fund, Uncommon Capital, Vitalize VC, Y Combinator | Announced |
Key people at Palla.
Palla was founded in 2020 by Andrew Mason (Founder) and Enrique Perezalonso (Founder) and Greg Piccolo (Founder).
Palla has raised $15.0M in total across 1 funding round.
Palla's investors include Revolution Ventures, David Golden, Alpaca VC, Krillion Ventures, Ardent Venture Partners, Cowboy Ventures, Dash Fund, DeepWork Capital, Evolution Ventures, First Check Ventures, Meta fund, Uncommon Capital.
Palla is a fintech company specializing in instant peer-to-peer (P2P) cross-border payments, primarily enabling seamless money transfers from the US to Latin America and other regions. It provides APIs and white-label solutions that allow financial institutions and fintech apps to embed international payment capabilities directly into their platforms or use Palla’s hosted infrastructure. This approach eliminates the need for separate apps, offering users fast, secure, and accessible cross-border payment experiences. Palla serves both consumers and businesses, addressing the slow, cash-based, and fragmented nature of traditional remittance processes. The company has gained significant traction, partnering with over 30 financial institutions across Latin America and the Caribbean and expanding its payment corridors and product offerings[1][2][4][6].
Founded in 2020 and based in Miami, Florida, Palla was co-founded by Enrique Perezalonso and Greg Piccolo. Enrique brings over 25 years of experience in traditional financial institutions and fintech, with a background in marketing, product, and operations, including an MBA from MIT Sloan. Greg Piccolo is a seasoned software engineer and solutions architect with expertise in payment systems and modern banking platforms. The idea for Palla emerged from the need to modernize and simplify international remittances, which were traditionally slow and inconvenient. Early traction included embedding Palla’s technology in multiple financial institutions, validating the demand for instant, integrated cross-border payment solutions[1][3][4].
Palla rides the growing trend of embedded finance and instant cross-border payments, addressing the $65 billion annual remittance market that has been traditionally underserved by slow, cash-heavy processes. The timing is critical as global migration and digital financial inclusion increase demand for fast, low-cost international transfers. Market forces such as fintech adoption, regulatory modernization, and consumer expectations for real-time services favor Palla’s model. By enabling financial institutions to embed international payments natively, Palla is influencing the broader ecosystem by accelerating digital transformation in cross-border money movement and expanding financial access in emerging markets[1][3][6].
Palla is positioned to continue scaling its footprint in Latin America and beyond, leveraging its API-first approach and strong institutional partnerships. Future growth will likely be driven by expanding payment corridors, introducing new product lines, and enhancing money-movement mechanisms. Trends such as increased digital remittances, embedded finance, and regulatory support for faster payments will shape its journey. As Palla evolves, it could become a key enabler of global financial inclusion and a standard for instant cross-border P2P payments, reinforcing its role as a transformative player in the fintech landscape[1][6].