Revolution Ventures Invests in Palla, the Cross-Border Payments Platform Powering the Future of Global Money Movement

The $14.5M Series A will fuel geographic expansion within LatAm and across new payment corridors.

Meet Palla — the fintech redefining how money moves across borders, enabling financial institutions and fintechs to embed instant, flexible, and secure international payments directly into their products.

What They’re Solving For: The global remittance market exceeded $857B in 2023, with more than $155B sent from the U.S. to Latin America and the Caribbean alone. Yet, over 50% of these payments are still received in cash, burdened by inefficiencies, high fees, and security risks. Traditional cross-border transfers can take days, leaving senders and recipients frustrated and financially vulnerable. At the same time, financial institutions struggle to provide seamless international payments due to outdated infrastructure and complex compliance requirements.

What They Do: Palla’s platform enables financial institutions and fintechs to integrate instant cross-border payments into their existing apps through flexible API and customizable white-label solutions. Whether through a fully embedded experience, hybrid integration, or hosted application, Palla helps partners power seamless international transactions, ensuring payments are completed within seconds around the clock.

How They Do It: Palla leverages card-based payment rails, proprietary compliance technology, and deep partnerships with financial institutions to move money across borders instantly. Unlike traditional remittance services, Palla operates as a B2B2C platform, allowing banks and fintechs to retain customer relationships while offering a superior money transfer experience. Through integrations with Mastercard and Visa, Palla ensures funds are delivered securely, eliminating the need for costly, cash-based alternatives.

The Results To-Date: Since its launch, Palla has facilitated transactions for hundreds of thousands of end users and partnered with more than 30 financial institutions across Latin America and the Caribbean, including Banco Pichincha (Ecuador), Hey Banco (Mexico), and Zinli (Panama).

Why We Like It: The cross-border payments industry is massive (projected to reach $290T by 2030), but traditional remittance models are slow, costly, and outdated. Palla’s capital‑efficient, enterprise‑focused model offers a win‑win for every transaction participant, with an embedded approach that eliminates delays and hidden fees while helping banks and fintechs deepen customer relationships. Led by CEO and co‑founder Enrique Perezalonso — a 20‑year retail‑banking veteran — and an executive team with deep product, compliance, and partnership expertise from leading fintechs and global banks, Palla has the leadership muscle to execute its vision at scale.

Where They’re Headed: Palla’s Series A funding will accelerate its expansion across Latin America and the Caribbean and allow the company to enter markets in new geographies. The investment will also support team growth and the introduction of additional product lines and money-movement mechanisms to better serve Palla’s growing customer base.

Revolution Ventures is excited to partner with Palla as the team continues to build the future of global money movement. We look forward to supporting the team and its mission to democratize financial access as it scales.

For more on Palla, visit palla.com and read about their fundraise in Axios.