Palenca (Vech)
Payroll API for LatAm
São Paulo, Mexico · Founded 2021 · $3.7M raised
- Headquarters
- São Paulo
- Employees
- 11–50
- Founded
- 2021
- Business Model
- B2B
- Website
- palenca.com
- Total Funding
- $3.7M
- Last Round
- $130K SeedApr 2024
- Rounds
- 5
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 5 funding rounds and 10 investors for this company. The full record is or through the API.
About
Palenca is a payroll API platform for Latin America that enables workers to share their employment records and allows businesses to access and verify that data. Like Plaid for payroll, Palenca connects to payroll systems across LatAm to power background checks, credit underwriting, and financial services for gig workers and formal employees alike. Companies like Kavak and Lalamove use Palenca to streamline KYC, income verification, and financial product eligibility across Mexico and other LatAm markets.
Summary
Palenca (Vech) is a Fintech company based in São Paulo, Mexico, founded in 2021. It has raised $3.7M in total across 5 rounds, most recently a $130K Seed round in Apr 2024. Investors include Y Combinator, Experian Ventures and 500 Global.
Tech & App Stack
2 technologies & apps tracked
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Funding History
Apr 2024
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Funding: Seed. Amounts, valuations, and investors where available.
Investors
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