latino-banking
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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.
Piero Risco
Piero Núñez Del Risco is the founder and CEO of Pana (YC S22), a cross-border neobank building borderless USD accounts and a zero-fee remittance network for the 62 million Latinos living in the United States. A Dominican operator who spent more than a decade inside Caribbean banking - including leading a 130-person team that rebuilt Scotiabank's digital platform for 2 million customers across 11 countries - he left the corner office to attack the 6% fee that immigrants pay to send money home. Pana lets people open a US bank account with just a passport, and has grown into a 'global bank on chain' blending fiat and stablecoins across 125 countries.