# Pana

> Pana is a Miami-based, Y Combinator-backed neobank building a stablecoin-native dollar account for Latinos and immigrants in the United States and their families across Latin America. It powers a closed-loop remittance network - borderless USD balances that move money instantly between users with zero fees, backed by USDC and settling to more than 5,000 banks across 27 countries. Founded in 2021 by Piero Nunez del Risco and Luis Pena, Pana pairs a consumer app (US checking-style accounts opened with a passport, a Mastercard debit card, direct deposit, and free peer transfers) with an emerging embedded-finance layer that lets banks and platforms serve the US diaspora.

- **Founded:** 2021
- **Headquarters:** Miami, Florida, United States
- **Founders:** Piero Nunez del Risco (Co-founder & CEO), Luis Pena (Co-founder & CTO)
- **Team size:** ~14-16 employees
- **Products:** Pana Global Dollar Account, Pana Card, Instant free transfers, Cross-border payouts, Payment links & integrations
- **Notable:** Y Combinator Summer 2022 company, Accepted into Visa's Fintech Fast Track program (2022), Surpassed 150,000 users

## Products & services

- **Pana Global Dollar Account** — A US dollar account opened in minutes from a phone using only a passport or ID - no SSN required - with direct deposit, biometric security and a unified balance.
- **Pana Card** — A virtual Mastercard debit card for spending the dollar balance online and in stores, plus local cash-out at partner banks.
- **Instant free transfers** — Zero-fee, instant peer-to-peer transfers between Pana users, versus the ~6% average cost of traditional remittances.
- **Cross-border payouts** — Send and cash out to more than 5,000 banks across 27 countries, with USDC settling behind the scenes.
- **Payment links & integrations** — Personal payment links plus support for receiving from PayPal, Cash App, Deel, Airbnb and Patreon.
- **Embedded finance SDKs** — Tools that let banks, platforms and creators plug Pana rails in to serve US-based diaspora communities.

## Achievements

- Y Combinator Summer 2022 company
- Accepted into Visa's Fintech Fast Track program (2022)
- Surpassed 150,000 users
- Processed $7.2M in transaction volume in a single month (October)
- Top 10 finance app in Honduras, Guatemala and the Dominican Republic
- Payouts to 5,000+ banks across 27 countries
- Signed six Dominican Republic banks to fund customer acquisition

## Latest updates

- **2025-10** — Reported 150,000+ users and $7.2M in monthly transaction volume; ranked top-10 finance app in Honduras, Guatemala and the Dominican Republic.
- **2025-10** — Detailed its stablecoin-native architecture with Privy, powering USDC-backed dollar accounts and payouts to 5,000+ banks across 27 countries.
- **2025-10** — Expanding into embedded finance with SDKs; six Dominican Republic banks signed to fund customer acquisition.
- **2022-07** — Closed a $2.6M seed round led by Y Combinator.
- **2022-02** — Joined Visa's Fintech Fast Track program to serve US Hispanics.

## Links

- Website: https://joinpana.com
- LinkedIn: https://www.linkedin.com/company/panaapp
- Twitter/X: https://twitter.com/joinpana
- Facebook: https://www.facebook.com/panaapp

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Profile page: https://yespress.io/pana
Published by YesPress — https://yespress.io
Last updated: 2026-07-03