Company Overview
Palenca is a Mexico City-based fintech founded in 2021 that provides a payroll API enabling consumers to securely share employment and income data with financial institutions across Latin America. The Y Combinator-backed company has raised $2.72M in funding led by Experian and operates in six countries including Mexico, Colombia, and Brazil, serving over 300 million workers and notable clients like Kavak and Lalamove with employment verification, income validation, and automated collection services.
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Emerging Innovator
Palenca is an emerging player bringing innovative solutions to the Finance market.
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