With Pallo’s built-in AI application, it manages all business and personal finances, accounting, and taxes in one place. Its innovative solution helps ease barriers to financial management through its all-in-one SaaS financial platform for freelancers.
NEW YORK, January 24, 2022 /PRNewswire-PRWeb/ — COVID has accelerated the transition to remote work as workers across the country transition from traditional jobs to freelancers. Although independence 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 these barriers through an all-in-one SaaS financial platform for freelancers.
The AI-integrated app manages all business and personal finances, accounting, and taxes in one place and promises to be a game-changer for financial management for freelancers. Pallo’s simple yet comprehensive design sets it apart from anything on the market and eliminates the need for any additional financial software.
During COVID, Pallo has quickly 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, tech-savvy entrepreneurs including Michael Ragheb (Elemy) Richard Oliver (crowd strike), Tony Jamous (Oyster HR), Omar Harun (IQ text), Peter Bruce Clark (Social Impact Capital), angel investor group Gaingels, venture capital firms like Alcove and Keen Growth Capital, and community banking consortium Alloy Labs.
“Being self-employed is incredibly empowering, but it’s not without its challenges. Pallo is designed to reduce the stress and complexity of financial administration that comes with being self-employed,” said Henry Barclay, co-founder of Pallo. “We’re excited to launch Pallo, which offers innovative solutions for freelancers that make managing finances easier; it’s as simple as that.”
As one of the first companies in the US to use open banking, customers can freely transfer money between their bank accounts within Pallo and manage multiple lines of business/multiple businesses from anywhere. only one Pallo account. It allows customers to manage budgets, information, 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 ensure that every click, tap or swipe was intuitive and simple. On average, Pallo helps reduce 5-7 apps and subscriptions that freelancers might use to run their business. This all-in-one experience has saved freelancers currently using Pallo time and money,” said Adiraj Gupta, co-founder of Pallo.
What makes the Pallo app unique:
Manage all finances in one place – Add unlimited personal and business accounts to Pallo. Credit/debit cards as well. Create, schedule and manage payments
Manages taxes – All transactions are organized, expenses are recorded, income is accounted for
Organize receipts – Photograph receipts with Pallo and its AI helps categorize them
An AI assistant that never sleeps – It’s like an assistant, accountant and financial planner in one place
Get paid faster – With Pallo’s simple and smart invoicing system
Set goals and beat them – Measure financial health with Pallo at your fingertip
Encrypted: All user data is encrypted and isolated with multi-factor authentication and bank-grade security
Smart and secure: Real-time transaction notification and smart insights keep customers in control
Private, forever: Pallo never sells personal information and protects privacy every step of the way
After successful careers as professionals in large corporations and growing startups, co-founders Henry Barclay, Sanin-Mody, and Adiraj Gupta became independent. They quickly recognized how difficult it was for the self-employed to manage their finances and file their taxes. After several months of discussions with other freelancers, they have confirmed that this is a widespread problem. Soon after, they created Pallo, built by independents for independents.
“Self-employment and self-employment are not just career choices, but also life choices that require independent thinking, personal responsibility and an incredible amount of organization. We created Pallo to help meet the challenges that support self-employment so that our clients can focus on what matters most to their livelihoods and less on administrative burdens,” adds Sanin-Mody, co-founder of Pallo.
BMG Technologies Inc. (dba Pallo) was founded in late 2020 by experienced professionals turned freelancers. Through its financial platform, Pallo provides an all-in-one SaaS financial platform for freelancers. Pallo’s mission is to empower people to live their lives the way they want, to help build a world where everyone has the ability and freedom to achieve their dreams. For more information, visit Pallo.com, Facebook, LinkedIn and Instagram.
Stacia Kirby, Kirby Communications, 206-478-5841, firstname.lastname@example.org