Provides APIs and a white-label platform for financial institutions and FinTechs to enable secure, real-time cross-border P2P payments in over 180 countries. By facilitating instant transactions with built-in security and compliance, it addresses the inefficiencies and delays of traditional international money transfers.
Funding
$14.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
RVFounders
Product
Problem
Traditional cross-border P2P payments are often slow, expensive, and lack transparency, creating friction for individuals and businesses sending money internationally. Existing systems can involve multiple intermediaries, leading to delays and higher fees, while also posing security and compliance challenges.
Solution
Palla provides APIs and a white-label platform that enables financial institutions and FinTech companies to offer secure, real-time cross-border P2P payments in over 180 countries. The platform facilitates instant transactions with built-in security and compliance features, addressing the inefficiencies and delays associated with traditional international money transfers. By embedding Palla's APIs, businesses can add P2P payment functionality to their existing applications, offering customers a tailored and secure transfer experience.
Target Audience
Palla's primary customers are financial institutions and FinTech companies looking to offer secure and efficient cross-border P2P payment solutions to their customers.
Features
- REST APIs for secure customer authentication to the Palla platform
- Functionality to create and manage relationships between P2P accounts
- Secure encryption, creation, and storage of sender and receiver payment methods
- Instant P2P transfers between senders and international receivers
- Configurable features to tailor the transfer experience to specific use cases
- Security and compliance features built-in