immigrant-banking
(3)
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.
Común
Común is a New York-based digital bank built Spanish-first for immigrants in the United States. It offers an FDIC-insured checking account, a Visa debit card, low-cost cross-border remittances, Zelle access, and one of the largest cash-deposit networks in the country - all openable without a Social Security number. Founded in late 2021 by Mexican immigrants Andrés Santos and Abiel Gutiérrez, Común set out to fix the financial exclusion they experienced firsthand, and it has grown into one of the fastest-growing consumer fintechs serving the Latino community.
Andres Santos
Andres Santos is the co-founder and CEO of Comun, a Spanish-first digital bank built for Latino immigrants in the United States. A Mexican-born MIT Sloan MBA who once struggled to open a US bank account himself, Santos turned that friction into a fast-growing neobank that accepts more than 100 Latin American IDs, requires no Social Security Number, and sends remittances across Latin America. After a $4.5M seed round in late 2023, Comun raised a $21.5M Series A led by Redpoint Ventures in August 2024 - just months later - on the back of 52% month-over-month customer growth.