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
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
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Funding History
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Apr 2024
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Seed — per-round amounts, valuations, and who invested in each round.
Investors
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