What does Palla do?
Palla is a Miami, FL-based provider of a payments platform that enables instant cross-border payments for global financial institutions and fintech firms. The platform offers a range of APIs, apps, and embeddable components designed to integrate real-time international payments into existing digital channels.
How much did they raise?
The company raised $14.5M in its Series A round, led by Revolution Ventures with participation from Y Combinator, Ardent, Cowboy Ventures, Dash Fund, Uncommon Capital, Meta Fund, Evolution VC, First Check Ventures, Vitalize, and DeepWork Capital.
What are their plans for the money?
Palla intends to use the funds to expand its operations and development efforts, as well as to introduce additional product lines and money-movement mechanisms that could enhance its offering and better serve the needs of its diverse customer base.
What have they achieved so far?
The company has successfully built a robust cross-border payments platform that allows financial institutions to embed real-time international payments into their native applications or access them via Palla’s hosted infrastructure, already meeting varied cross-border use cases.
