{"id":64717,"title":"Pana: Challenger bank for fastest-growing population in the USA 💵📲","tagline":"Made for the 62M Latinos who have a $1.7T buying power and are mostly underserved 🚀","body":"### **TL;DR:**\n\nBanking app for 62M Latinos in the US by a team out of Scotiabank’s Digital Factory \u0026 3 consumer-focused Unicorns\n\n### **Problem**\n\nLatinos are all looking for a banking product that speaks to our needs and worries\n\n### **Solution**\n\n**We’re building a new banking experience that starts by solving key pain-points:**\n\n* Opening a **US-Bank account online** (linked to a Visa Debit Card) with just a passport instead of having to visit a bank branch with a painful paperwork when lacking an SSN\n* A friendly banking app with **Group Chats** we can join to lend or borrow money from each other **globally** instead of relying on Alternative Financial Services or cash\n* **Sending remittances in minutes with zero fees** vs paying on ave. 6% ($18 for the ave. $300 monthly remittance)\n\n### **Team**\n\nWe’ve previously built Digital Banking products for millions of customers in LatAm and have personally lived through the struggles of migrating to the USA.\\\n\\\nNow, we’re on a mission to remove financial barriers for Latinos in the USA and we’re doing it with a social approach because we all know that not everyone might need a bank, but everyone needs a Pana _(Spanish for pal)._\n\n### **Our ask:**\n\n* [Try out Pana](https://www.joinpana.com/) \u0026 help us spread the word ([IG](https://instagram.com/pana.app?igshid=YmMyMTA2M2Y=)/[FB](https://www.facebook.com/panaapp)/[in](https://www.linkedin.com/company/panaapp/)/[Twitter](https://twitter.com/joinpana))\n* Let us know of any business you know whose employees or potential buyers lack a bank account. Our product solves one of their biggest headaches","slug":"Gpp-pana-challenger-bank-for-fastest-growing-population-in-the-usa","created_at":"2022-07-19T00:20:25.505Z","updated_at":"2026-05-25T02:04:34.125Z","total_vote_count":60,"url":"https://www.ycombinator.com/launches/Gpp-pana-challenger-bank-for-fastest-growing-population-in-the-usa","share_image_url":"//bookface-static.ycombinator.com/assets/ycdc/yc-og-image-c440a0ad1dacfb86eeeb343717479cc54d256614449b4ef719977a0a451f8bc8.png","company":{"id":26476,"name":"Pana","slug":"pana","url":"http://Holapana.com","logo":"https://bookface-images.s3.amazonaws.com/small_logos/e6114091caebbe06921f5d25e1d025dc32970cf6.png","batch":"Summer 2022","industry":"Fintech","tags":["Fintech","Consumer","Social","Neobank"],"search_path":"https://bookface.ycombinator.com/company/26476"}}