Palenca
Mexico City, Mexico
◆ About Palenca
Income verification startup for financial institutions that validates real income from traditional and non-traditional sources to improve credit access and risk decisions.
◆ What sets it apart
It verifies income and employment across both gig-economy and formal work sources in Latin America through a single API.
◆ Sectors
◆ Business
ModelSaaS
Customerfinancial institutions, banks, fintechs, and other lenders
◆ Notable
- Y Combinator S21 company
- Raised a $2.6M seed round plus a $1M extension
- Expanded operations across Mexico, Colombia, Chile, Argentina, Peru, and Brazil
- Serves over 115 million workers
- Works with 70+ clients including Banco Falabella, Rappi, Galgo, and Neon
- Received strategic investment from Experian Ventures
◆ Explore the market
◆ FAQ
What does Palenca do?
Income verification startup for financial institutions that validates real income from traditional and non-traditional sources to improve credit access and risk decisions.
Where is Palenca based?
Palenca is based in Mexico City, Mexico, founded in 2021.
Who has invested in Palenca?
Investors in Palenca include Y Combinator, Gilgamesh Ventures, Foundation Capital, 500 Global and Experian Ventures.