Neobank for Latinos in the USA Pana joins Y Combinator's S22 batch

July 13, 2022
Content specialist en Latam Fintech Hub
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Pana (YC S22) is a banking app for the 62M Latinos living in the USA who make up the nation’s fastest-growing and most underserved population.

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The founding team comes from Scotiabank's Digital Factory, as well as 3 consumer-focused unicorns, having built digital banking and technology products for millions of customers in LatAm.

Over the past 7 years they have personally experienced the struggles of migration to the United States.

"Now, we are on a mission to remove financial barriers for Latinos in the U.S. and we are doing it with a social focus, because we all know that not everyone may need a bank, but everyone needs a Pana (pal)."

Latinos represent the fastest growing population in the U.S. with a purchasing power of $1.7 billion and yet is currently one of the most financially underserved in the country.

That's why Pana was born as a new banking experience that responds to the needs and concerns of Latinos, starting with the most basic and urgent items, such as opening an online account, sending money abroad and even lending to each other.

"Y Combinator is the top startup accelerator in the world, and we look forward to joining the ranks of companies like Airbnb, Dropbox, Rappi, Instacart, Stripe, and many other amazing companies that have been through the YC program."
"At Pana, we’re on a mission to remove the many financial barriers currently faced by Latinos, the nation’s fastest-growing and most underserved population."
Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

The founding team comes from Scotiabank's Digital Factory, as well as 3 consumer-focused unicorns, having built digital banking and technology products for millions of customers in LatAm.

Over the past 7 years they have personally experienced the struggles of migration to the United States.

"Now, we are on a mission to remove financial barriers for Latinos in the U.S. and we are doing it with a social focus, because we all know that not everyone may need a bank, but everyone needs a Pana (pal)."

Latinos represent the fastest growing population in the U.S. with a purchasing power of $1.7 billion and yet is currently one of the most financially underserved in the country.

That's why Pana was born as a new banking experience that responds to the needs and concerns of Latinos, starting with the most basic and urgent items, such as opening an online account, sending money abroad and even lending to each other.

"Y Combinator is the top startup accelerator in the world, and we look forward to joining the ranks of companies like Airbnb, Dropbox, Rappi, Instacart, Stripe, and many other amazing companies that have been through the YC program."
"At Pana, we’re on a mission to remove the many financial barriers currently faced by Latinos, the nation’s fastest-growing and most underserved population."
Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.
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Headquarters:
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