Through Pallo’s AI integrated app, it manages all business and personal finances, accounting, and taxes in one place. Its innovative solution helps alleviate financial management obstacles with its all-in-one SaaS financial platform for freelancers.
COVID has expedited the transition to remote working as workers nationwide moved from traditional jobs to freelancing. While being independent allows for creative freedom, flexibility, and financial autonomy, people often feel overwhelmed with managing their finances. Pallo.com, which launched today on Product Hunt, provides an innovative solution to help alleviate those obstacles via an all-in-one SaaS financial platform for freelancers.
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The AI integrated app manages all business and personal finances, accounting, and taxes in one place and promises to change the game for freelancer financial management. Pallo’s simple, yet comprehensive design sets it apart from anything else in the marketplace and eliminates the need for any additional financial software.
During COVID, Pallo has rapidly scaled a diverse team of over 40 members whose prior work experience ranges from Intuit, H&R Block, Microsoft to Credit Karma. Initially self-funded by its founders, Pallo has since garnered pre-seed investment from successful and tech savvy entrepreneurs including Michael Ragheb (Elemy), Richard Olver (Crowdstrike), Tony Jamous (Oyster HR), Omar Haroun (Text IQ), Peter Bruce-Clark (Social Impact Capital), angel investor group Gaingels, VCs like Alcove and Keen Growth Capital, and community bank consortium Alloy Labs.
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“Being self-employed is incredibly empowering, but it’s not without its challenges. Pallo is built to reduce the stress and complexity of financial admin that come with being freelance,” said Henry Barclay, Co-Founder of Pallo. “We are excited to launch Pallo, providing innovative solutions to freelancers that make managing finances easier; it’s that simple.”
As one of the first companies in the U.S. to utilize open banking, customers can freely move money between their bank accounts within Pallo and manage multiple lines of business / multiple businesses from one Pallo account. It enables customers to manage budgets, insights, invoices, mileage tracking, and time tracking.
“Pallo is built from the ground up with user experience design and security at its very core. We worked with freelancers every step of the way to make sure every click, tap or swipe was intuitive and simple. On average Pallo helps reduce 5-7 applications and subscriptions freelancers might use to run their business. This all-in-one experience has been powerful in saving time and money for the freelancers currently using Pallo,” mentioned Adiraj Gupta, co-founder of Pallo.
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